First Savings Financial Group (NASDAQ:FSFG) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of First Savings Financial Group (NASDAQ:FSFG) in a report published on Wednesday morning. The firm issued a hold rating on the bank’s stock.

Separately, Piper Sandler lifted their price objective on First Savings Financial Group from $19.00 to $21.00 and gave the stock an overweight rating in a research report on Tuesday, February 6th.

First Savings Financial Group Trading Up 2.6 %

First Savings Financial Group stock opened at $15.92 on Wednesday. The stock has a market cap of $109.52 million, a PE ratio of 14.74 and a beta of 0.72. The stock has a 50-day moving average price of $16.27 and a 200 day moving average price of $16.11. First Savings Financial Group has a 52 week low of $11.74 and a 52 week high of $18.54. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 2.47.

First Savings Financial Group (NASDAQ:FSFG) last posted its quarterly earnings data on Tuesday, January 30th. The bank reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. The firm had revenue of $16.90 million during the quarter, compared to analysts’ expectations of $19.70 million. First Savings Financial Group had a return on equity of 7.97% and a net margin of 5.59%. Equities research analysts predict that First Savings Financial Group will post 1.5 earnings per share for the current fiscal year.

First Savings Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.77%. This is a positive change 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%.

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.