First Savings Financial Group, Inc. (NASDAQ:FSFG) Short Interest Down 15.4% in January

First Savings Financial Group, Inc. (NASDAQ:FSFG) saw a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 54,018 shares, a drop of 15.4% from the January 15th total of 63,818 shares. Based on an average daily volume of 22,532 shares, the days-to-cover ratio is currently 2.4 days. Approximately 0.9% of the shares of the company are sold short. Approximately 0.9% of the shares of the company are sold short. Based on an average daily volume of 22,532 shares, the days-to-cover ratio is currently 2.4 days.

Institutional Trading of First Savings Financial Group

A number of institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in First Savings Financial Group during the 2nd quarter worth about $26,000. Federated Hermes Inc. boosted its position in shares of First Savings Financial Group by 73.4% during the 3rd quarter. Federated Hermes Inc. now owns 846 shares of the bank’s stock valued at $27,000 after purchasing an additional 358 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in First Savings Financial Group during the third quarter worth approximately $27,000. Police & Firemen s Retirement System of New Jersey bought a new stake in First Savings Financial Group in the second quarter worth approximately $31,000. Finally, CWM LLC acquired a new position in First Savings Financial Group in the third quarter valued at approximately $54,000. Institutional investors own 35.22% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of First Savings Financial Group in a research note on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $32.33.

First Savings Financial Group Trading Up 2.9%

Shares of FSFG stock traded up $0.95 during trading hours on Wednesday, hitting $33.98. 117,600 shares of the company’s stock traded hands, compared to its average volume of 15,551. The stock’s 50 day simple moving average is $32.91 and its 200 day simple moving average is $30.45. First Savings Financial Group has a 12 month low of $21.63 and a 12 month high of $34.10. The stock has a market cap of $238.37 million, a PE ratio of 10.27 and a beta of 0.45. The company has a quick ratio of 1.12, a current ratio of 1.15 and a debt-to-equity ratio of 2.41.

First Savings Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were given a dividend of $0.16 per share. The ex-dividend date was Monday, December 15th. This represents a $0.64 annualized dividend and a dividend yield of 1.9%. First Savings Financial Group’s dividend payout ratio is 19.34%.

About First Savings Financial Group

First Savings Financial Group, Inc is a bank holding company headquartered in Fairfield, Iowa, serving as the parent of First Savings Bank. The company operates as a community-based financial services provider, offering banking and financial products to individuals, small businesses, and agricultural clients in its regional markets.

Through its subsidiary First Savings Bank, the company delivers a suite of deposit and lending solutions that includes checking and savings accounts, consumer and residential mortgage loans, commercial and agricultural lending, and treasury management services.