First Savings Financial Group (NASDAQ:FSFG) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

First Savings Financial Group, Inc. (NASDAQ:FSFG)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $19.73 and traded as high as $24.38. First Savings Financial Group shares last traded at $24.36, with a volume of 1,736 shares changing hands.

Wall Street Analysts Forecast Growth

FSFG has been the subject of several recent analyst reports. Hovde Group began coverage on First Savings Financial Group in a research report on Wednesday, September 11th. They issued a “market perform” rating and a $24.00 target price for the company. StockNews.com began coverage on First Savings Financial Group in a research note on Wednesday, August 14th. They set a “buy” rating on the stock. Finally, Piper Sandler increased their price target on shares of First Savings Financial Group from $20.00 to $26.50 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st.

First Savings Financial Group Price Performance

The company has a market capitalization of $177.24 million, a PE ratio of 23.84 and a beta of 0.73. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.09 and a current ratio of 1.16. The stock has a 50 day moving average price of $23.84 and a two-hundred day moving average price of $19.84.

First Savings Financial Group (NASDAQ:FSFG) last posted its earnings results on Thursday, July 25th. The bank reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.11. First Savings Financial Group had a net margin of 6.90% and a return on equity of 8.63%. The firm had revenue of $17.73 million during the quarter, compared to analysts’ expectations of $17.60 million. Equities analysts forecast that First Savings Financial Group, Inc. will post 1.75 earnings per share for the current year.

First Savings Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend was Friday, September 13th. First Savings Financial Group’s dividend payout ratio is presently 55.56%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in First Savings Financial Group stock. Empowered Funds LLC grew its holdings in First Savings Financial Group, Inc. (NASDAQ:FSFG) by 8.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 29,930 shares of the bank’s stock after purchasing an additional 2,209 shares during the quarter. Empowered Funds LLC owned about 0.44% of First Savings Financial Group worth $501,000 as of its most recent filing with the SEC. 35.22% of the stock is currently owned by institutional investors.

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.