Stock Yards Bank & Trust Co. lessened its holdings in shares of First Savings Financial Group Inc (NASDAQ:FSFG) by 5.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,180 shares of the bank’s stock after selling 820 shares during the quarter. Stock Yards Bank & Trust Co. owned 0.60% of First Savings Financial Group worth $896,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of FSFG. Morgan Stanley increased its holdings in First Savings Financial Group by 84.4% during the 2nd quarter. Morgan Stanley now owns 2,967 shares of the bank’s stock worth $179,000 after purchasing an additional 1,358 shares in the last quarter. Vanguard Group Inc. increased its holdings in First Savings Financial Group by 9.4% during the 2nd quarter. Vanguard Group Inc. now owns 52,801 shares of the bank’s stock worth $3,168,000 after purchasing an additional 4,542 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of First Savings Financial Group by 141.0% in the 2nd quarter. Renaissance Technologies LLC now owns 9,400 shares of the bank’s stock valued at $564,000 after acquiring an additional 5,500 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of First Savings Financial Group in the 2nd quarter valued at about $472,000. Finally, Paloma Partners Management Co bought a new position in shares of First Savings Financial Group in the 2nd quarter valued at about $528,000. 26.58% of the stock is currently owned by institutional investors and hedge funds.
In other news, COO John P. Lawson, Jr. sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $59.16, for a total value of $59,160.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 17.30% of the stock is owned by company insiders.
Shares of NASDAQ FSFG traded down $0.07 during mid-day trading on Tuesday, hitting $61.68. The company had a trading volume of 218 shares, compared to its average volume of 2,684. The company has a market capitalization of $147.38 million, a PE ratio of 10.26 and a beta of 0.38. The firm has a 50-day simple moving average of $60.90 and a two-hundred day simple moving average of $58.96. The company has a current ratio of 1.08, a quick ratio of 0.98 and a debt-to-equity ratio of 1.80. First Savings Financial Group Inc has a one year low of $45.36 and a one year high of $67.49.
First Savings Financial Group (NASDAQ:FSFG) last announced its quarterly earnings data on Friday, August 2nd. The bank reported $2.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.72. The company had revenue of $23.39 million during the quarter. First Savings Financial Group had a return on equity of 13.43% and a net margin of 18.26%.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend was Thursday, September 12th.
Separately, Maxim Group set a $75.00 price objective on First Savings Financial Group and gave the company a “buy” rating in a report on Monday, August 12th.
First Savings Financial Group Company Profile
First Savings Financial Group, Inc operates as the holding company for First Savings Bank that provides various banking products and services to consumers and businesses in southern Indiana. The company operates through Core Banking and SBA Lending segments. It accepts deposits, such as checking accounts, NOW and money market accounts, regular savings accounts, and time deposits.
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