First Savings Financial Group (NASDAQ:FSFG) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of First Savings Financial Group (NASDAQ:FSFGGet Rating) in a research note released on Monday morning. The brokerage issued a hold rating on the bank’s stock.

Separately, Piper Sandler dropped their price target on First Savings Financial Group to $27.00 in a research report on Friday, November 4th.

First Savings Financial Group Stock Performance

FSFG stock opened at $22.45 on Monday. The company has a current ratio of 1.10, a quick ratio of 0.96 and a debt-to-equity ratio of 2.68. The firm has a market cap of $159.17 million, a P/E ratio of 9.76 and a beta of 0.65. First Savings Financial Group has a 12-month low of $22.18 and a 12-month high of $28.55. The stock’s 50 day simple moving average is $22.84 and its 200 day simple moving average is $23.48.

First Savings Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.32%. The ex-dividend date was Thursday, September 15th. First Savings Financial Group’s dividend payout ratio is presently 22.61%.

Insiders Place Their Bets

In other First Savings Financial Group news, CFO Anthony A. Schoen sold 16,629 shares of the stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $22.85, for a total value of $379,972.65. Following the sale, the chief financial officer now directly owns 93,711 shares of the company’s stock, valued at $2,141,296.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 14.26% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On First Savings Financial Group

Several large investors have recently added to or reduced their stakes in FSFG. Dimensional Fund Advisors LP grew its stake in shares of First Savings Financial Group by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 51,312 shares of the bank’s stock worth $1,259,000 after purchasing an additional 1,220 shares in the last quarter. NewEdge Advisors LLC bought a new position in shares of First Savings Financial Group in the first quarter worth $472,000. Fourthstone LLC grew its stake in shares of First Savings Financial Group by 53.2% in the first quarter. Fourthstone LLC now owns 190,580 shares of the bank’s stock worth $4,677,000 after purchasing an additional 66,173 shares in the last quarter. State Street Corp grew its stake in shares of First Savings Financial Group by 8.2% in the first quarter. State Street Corp now owns 24,583 shares of the bank’s stock worth $603,000 after purchasing an additional 1,853 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in shares of First Savings Financial Group by 5,979.6% in the first quarter. BNP Paribas Arbitrage SA now owns 5,654 shares of the bank’s stock worth $818,000 after purchasing an additional 5,561 shares in the last quarter. 26.38% of the stock is owned by institutional investors and hedge funds.

First Savings Financial Group Company Profile

(Get Rating)

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.

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