Short Interest in First Savings Financial Group, Inc. (NASDAQ:FSFG) Declines By 42.0%

First Savings Financial Group, Inc. (NASDAQ:FSFG) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 7,600 shares, a drop of 42.0% from the June 30th total of 13,100 shares. Based on an average daily trading volume, of 4,900 shares, the days-to-cover ratio is currently 1.6 days.

First Savings Financial Group Stock Up 4.3 %

NASDAQ:FSFG traded up $0.83 during mid-day trading on Friday, hitting $20.23. The company had a trading volume of 35,725 shares, compared to its average volume of 5,679. The business has a fifty day simple moving average of $17.42 and a 200-day simple moving average of $16.89. The company has a current ratio of 1.09, a quick ratio of 1.08 and a debt-to-equity ratio of 2.21. First Savings Financial Group has a 1 year low of $13.20 and a 1 year high of $21.00. The firm has a market capitalization of $139.18 million, a price-to-earnings ratio of 18.90 and a beta of 0.73.

First Savings Financial Group (NASDAQ:FSFG) last announced its earnings results on Thursday, April 25th. The bank reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.09. The company had revenue of $18.05 million during the quarter, compared to the consensus estimate of $18.00 million. First Savings Financial Group had a return on equity of 7.91% and a net margin of 5.59%. Equities analysts forecast that First Savings Financial Group will post 1.5 earnings per share for the current fiscal year.

First Savings Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, June 14th. This represents a $0.60 annualized dividend and a dividend yield of 2.97%. First Savings Financial Group’s dividend payout ratio is presently 55.56%.

Institutional Trading of First Savings Financial Group

A hedge fund recently raised its stake in First Savings Financial Group stock. Empowered Funds LLC grew its holdings in shares of First Savings Financial Group, Inc. (NASDAQ:FSFG) by 8.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,930 shares of the bank’s stock after acquiring an additional 2,209 shares during the period. 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.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on First Savings Financial Group in a research report on Sunday, July 21st. They issued a “hold” rating on the 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.