First Savings Financial Group (NASDAQ:FSFG) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of First Savings Financial Group (NASDAQ:FSFG) in a research report sent to investors on Thursday morning. The firm issued a hold rating on the bank’s stock.

First Savings Financial Group Trading Up 2.2 %

Shares of First Savings Financial Group stock opened at $17.79 on Thursday. First Savings Financial Group has a twelve month low of $12.54 and a twelve month high of $18.54. The firm’s 50-day moving average price is $16.40 and its 200 day moving average price is $16.58. The company has a current ratio of 1.09, a quick ratio of 1.08 and a debt-to-equity ratio of 2.21. The firm has a market capitalization of $122.40 million, a PE ratio of 16.47 and a beta of 0.73.

First Savings Financial Group (NASDAQ:FSFG) last issued its quarterly earnings results on Thursday, April 25th. The bank reported $0.52 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $18.05 million for the quarter, compared to analyst estimates of $18.00 million. On average, sell-side analysts predict that First Savings Financial Group will post 1.5 EPS for the current fiscal year.

First Savings Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.37%. The ex-dividend date was Friday, June 14th. First Savings Financial Group’s dividend payout ratio is currently 55.56%.

Institutional Trading of First Savings Financial Group

An institutional investor recently raised its position in First Savings Financial Group stock. Empowered Funds LLC lifted its stake in First Savings Financial Group, Inc. (NASDAQ:FSFG) by 8.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. 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 at the end of the most recent reporting period. 35.22% of the stock is owned by institutional investors and hedge funds.

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.