StockNews.com Initiates Coverage on First Savings Financial Group (NASDAQ:FSFG)

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

Separately, Piper Sandler increased their price target on shares of First Savings Financial Group from $19.00 to $21.00 and gave the stock an overweight rating in a research note on Tuesday, February 6th.

First Savings Financial Group Stock Performance

Shares of FSFG stock opened at $15.85 on Wednesday. First Savings Financial Group has a fifty-two week low of $11.74 and a fifty-two week high of $18.54. The stock’s 50-day moving average is $16.32 and its two-hundred day moving average is $16.10. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.11 and a quick ratio of 1.10. The firm has a market cap of $109.10 million, a P/E ratio of 17.61 and a beta of 0.72.

First Savings Financial Group (NASDAQ:FSFG) last announced its quarterly earnings results on Tuesday, January 30th. The bank reported $0.59 EPS for the quarter, beating the consensus estimate of $0.55 by $0.04. The business had revenue of $16.90 million during the quarter, compared to analysts’ expectations of $19.70 million. First Savings Financial Group had a return on equity of 7.99% and a net margin of 4.74%. Analysts predict that First Savings Financial Group will post 1.5 earnings per share for the current fiscal year.

First Savings Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.60 dividend on an annualized basis and a yield of 3.79%. This is a boost from First Savings Financial Group’s previous quarterly dividend of $0.14. First Savings Financial Group’s dividend payout ratio is presently 66.67%.

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.