First Savings Financial Group, Inc. (NASDAQ:FSFG) Short Interest Update

First Savings Financial Group, Inc. (NASDAQ:FSFG) saw a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 14,200 shares, a drop of 8.4% from the January 15th total of 15,500 shares. Based on an average daily volume of 17,500 shares, the days-to-cover ratio is presently 0.8 days.

Analyst Ratings Changes

FSFG has been the topic of several research analyst reports. Piper Sandler lowered their price target on First Savings Financial Group from $33.00 to $30.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. StockNews.com downgraded First Savings Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 14th.

First Savings Financial Group Stock Performance

FSFG stock traded down $0.18 during trading on Monday, reaching $24.82. 7,750 shares of the stock were exchanged, compared to its average volume of 10,243. First Savings Financial Group has a twelve month low of $14.55 and a twelve month high of $30.94. The company has a market capitalization of $171.51 million, a P/E ratio of 9.06 and a beta of 0.74. The stock has a 50 day simple moving average of $25.81 and a 200-day simple moving average of $25.44. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 1.99.

First Savings Financial Group (NASDAQ:FSFG) last released its earnings results on Tuesday, January 28th. The bank reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.06). First Savings Financial Group had a return on equity of 8.86% and a net margin of 13.34%. As a group, sell-side analysts anticipate that First Savings Financial Group will post 2.45 earnings per share for the current year.

First Savings Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend was Monday, December 16th. First Savings Financial Group’s payout ratio is 21.90%.

Institutional Investors Weigh In On First Savings Financial Group

A number of institutional investors have recently added to or reduced their stakes in FSFG. Empowered Funds LLC boosted its holdings in First Savings Financial Group by 5.3% during the third quarter. Empowered Funds LLC now owns 32,198 shares of the bank’s stock valued at $767,000 after purchasing an additional 1,608 shares in the last quarter. Cerity Partners LLC boosted its holdings in First Savings Financial Group by 166.0% during the third quarter. Cerity Partners LLC now owns 68,421 shares of the bank’s stock valued at $1,629,000 after purchasing an additional 42,696 shares in the last quarter. Fourthstone LLC boosted its holdings in First Savings Financial Group by 166.2% during the third quarter. Fourthstone LLC now owns 214,671 shares of the bank’s stock valued at $5,111,000 after purchasing an additional 134,029 shares in the last quarter. Barclays PLC raised its stake in shares of First Savings Financial Group by 72.9% in the third quarter. Barclays PLC now owns 3,396 shares of the bank’s stock valued at $81,000 after acquiring an additional 1,432 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of First Savings Financial Group by 1.2% in the third quarter. Geode Capital Management LLC now owns 58,253 shares of the bank’s stock valued at $1,387,000 after acquiring an additional 690 shares during the last quarter. 35.22% of the stock is owned by institutional investors and hedge funds.

First Savings Financial Group Company Profile

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.