First Savings Financial Group (NASDAQ:FSFG) Now Covered by 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 Tuesday morning. The brokerage issued a hold rating on the bank’s stock.

Separately, Piper Sandler lifted their price target on shares of First Savings Financial Group from $20.00 to $26.50 and gave the stock an overweight rating in a research note on Wednesday, July 31st.

First Savings Financial Group Trading Down 0.0 %

Shares of FSFG stock traded down $0.01 during mid-day trading on Tuesday, reaching $22.79. The company’s stock had a trading volume of 6,625 shares, compared to its average volume of 6,123. First Savings Financial Group has a 12-month low of $13.20 and a 12-month high of $23.52. The firm has a market capitalization of $156.86 million, a PE ratio of 21.11 and a beta of 0.73. The company has a quick ratio of 1.08, a current ratio of 1.09 and a debt-to-equity ratio of 2.21. The company’s 50 day simple moving average is $18.40 and its 200-day simple moving average is $17.19.

First Savings Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend was Friday, June 14th. First Savings Financial Group’s dividend payout ratio (DPR) is 55.56%.

Institutional Investors Weigh In On First Savings Financial Group

An institutional investor recently raised its position in First Savings Financial Group stock. Empowered Funds LLC increased its position in shares of First Savings Financial Group, Inc. (NASDAQ:FSFG) by 8.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,930 shares of the bank’s stock after buying an additional 2,209 shares during the period. Empowered Funds LLC owned about 0.44% of First Savings Financial Group worth $501,000 at the end of the most recent reporting period. Institutional investors own 35.22% of the company’s stock.

First Savings Financial Group Company Profile

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.