First Savings Financial Group (NASDAQ:FSFG) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of First Savings Financial Group, Inc. (NASDAQ:FSFG) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $20.58 and traded as high as $28.23. First Savings Financial Group shares last traded at $27.91, with a volume of 27,021 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. StockNews.com upgraded shares of First Savings Financial Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st. Piper Sandler lifted their target price on shares of First Savings Financial Group from $27.50 to $31.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Finally, Hovde Group assumed coverage on shares of First Savings Financial Group in a research report on Wednesday, September 11th. They issued a “market perform” rating and a $24.00 target price on the stock.

First Savings Financial Group Trading Up 0.1 %

The company’s 50-day moving average price is $24.60 and its 200-day moving average price is $20.67. The firm has a market cap of $192.41 million, a price-to-earnings ratio of 14.12 and a beta of 0.72. The company has a quick ratio of 1.09, a current ratio of 1.16 and a debt-to-equity ratio of 2.83.

First Savings Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $0.15 per share. The ex-dividend date was Friday, September 13th. This represents a $0.60 dividend on an annualized basis and a yield of 2.15%. First Savings Financial Group’s payout ratio is presently 30.30%.

Hedge Funds Weigh In On First Savings Financial Group

A hedge fund recently raised its stake in First Savings Financial Group stock. Empowered Funds LLC boosted its position in shares of First Savings Financial Group, Inc. (NASDAQ:FSFG) by 8.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,930 shares of the bank’s stock after purchasing an additional 2,209 shares during the period. Empowered Funds LLC owned approximately 0.44% of First Savings Financial Group worth $501,000 at the end of the most recent quarter. 35.22% of the stock is owned by hedge funds and other institutional investors.

About First Savings Financial Group

First Savings Financial Group, Inc operates as the bank holding company for First Savings Bank that provides various financial services to consumers and businesses in southern Indiana. The company operates through three segments: Core Banking, SBA Lending, and Mortgage Banking. It accepts deposits, such as checking accounts, NOW and money market accounts, regular savings accounts, and time deposits.