First Savings Financial Group (NASDAQ:FSFG) Research Coverage Started at began coverage on shares of First Savings Financial Group (NASDAQ:FSFGFree Report) in a report published on Saturday. The brokerage issued a hold rating on the bank’s stock.

Separately, Piper Sandler lifted their price target 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.

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First Savings Financial Group Stock Performance

FSFG opened at $16.26 on Friday. The firm has a market cap of $111.87 million, a price-to-earnings ratio of 15.06 and a beta of 0.71. First Savings Financial Group has a 52 week low of $11.90 and a 52 week high of $18.54. The business’s 50 day moving average is $16.09 and its two-hundred day moving average is $16.26. The company has a quick ratio of 1.08, a current ratio of 1.09 and a debt-to-equity ratio of 2.21.

First Savings Financial Group (NASDAQ:FSFGGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The bank reported $0.52 EPS for the quarter, topping the consensus estimate of $0.43 by $0.09. The company had revenue of $18.05 million for the quarter, compared to analyst estimates of $18.00 million. First Savings Financial Group had a return on equity of 7.91% and a net margin of 5.59%. On average, research analysts predict that First Savings Financial Group will post 1.39 EPS for the current year.

First Savings Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.15 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.69%. This is a positive change from First Savings Financial Group’s previous quarterly dividend of $0.14. First Savings Financial Group’s payout ratio is presently 55.56%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First Savings Financial Group stock. Empowered Funds LLC grew its stake in First Savings Financial Group, Inc. (NASDAQ:FSFGFree Report) by 8.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,930 shares of the bank’s stock after purchasing an additional 2,209 shares during the period. Empowered Funds LLC owned approximately 0.44% of First Savings Financial Group worth $501,000 at the end of the most recent reporting period. 35.22% of the stock is currently owned by institutional investors and hedge funds.

About First Savings Financial Group

(Get Free Report)

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.

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