First Savings Financial Group, Inc. (NASDAQ:FSFG) Announces $0.15 Quarterly Dividend

First Savings Financial Group, Inc. (NASDAQ:FSFG) declared a quarterly dividend on Monday, December 2nd,Wall Street Journal reports. Investors of record on Monday, December 16th will be given a dividend of 0.15 per share by the bank on Tuesday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Monday, December 16th.

First Savings Financial Group has increased its dividend by an average of 35.2% per year over the last three years and has raised its dividend annually for the last 11 consecutive years. First Savings Financial Group has a payout ratio of 21.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect First Savings Financial Group to earn $2.75 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 21.8%.

First Savings Financial Group Stock Performance

Shares of First Savings Financial Group stock traded up $0.03 on Tuesday, reaching $30.13. 2,457 shares of the stock were exchanged, compared to its average volume of 8,931. The business has a 50 day moving average price of $26.40 and a two-hundred day moving average price of $22.22. The firm has a market capitalization of $207.29 million, a price-to-earnings ratio of 15.20 and a beta of 0.73. First Savings Financial Group has a twelve month low of $14.55 and a twelve month high of $30.46. The company has a quick ratio of 1.09, a current ratio of 1.16 and a debt-to-equity ratio of 2.83.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Hovde Group began coverage on shares of First Savings Financial Group in a research report on Wednesday, September 11th. They set a “market perform” rating and a $24.00 price target on the stock. StockNews.com upgraded First Savings Financial Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Finally, Piper Sandler lifted their price target on First Savings Financial Group from $27.50 to $31.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th.

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.