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 report released on Saturday. The brokerage issued a hold rating on the bank’s stock.

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

First Savings Financial Group Price Performance

Shares of FSFG stock opened at $16.55 on Friday. First Savings Financial Group has a 1-year low of $11.90 and a 1-year high of $18.54. The stock’s 50-day moving average is $16.09 and its 200 day moving average is $16.27. The company has a market cap of $113.86 million, a P/E ratio of 15.32 and a beta of 0.71. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.09 and a quick ratio of 1.08.

First Savings Financial Group (NASDAQ:FSFG) last issued its quarterly earnings data on Thursday, April 25th. The bank reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.09. First Savings Financial Group had a return on equity of 7.91% and a net margin of 5.59%. The company had revenue of $18.05 million for the quarter, compared to the consensus estimate of $18.00 million. Research analysts predict that First Savings Financial Group will post 1.39 earnings per share for the current fiscal year.

First Savings Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.63%. This is a boost from First Savings Financial Group’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, March 14th. First Savings Financial Group’s dividend payout ratio (DPR) is presently 55.56%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First Savings Financial Group stock. Empowered Funds LLC lifted its position in First Savings Financial Group, Inc. (NASDAQ:FSFG) by 8.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 SEC filing. Institutional investors own 35.22% of the company’s stock.

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.