First Savings Financial Group, Inc. (NASDAQ:FSFG) to Issue Quarterly Dividend of $0.15

First Savings Financial Group, Inc. (NASDAQ:FSFG) declared a quarterly dividend on Wednesday, August 28th, Zacks reports. Investors of record on Friday, September 13th will be paid a dividend of 0.15 per share by the bank on Monday, September 30th. This represents a $0.60 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Friday, September 13th.

First Savings Financial Group has raised its dividend by an average of 35.2% annually over the last three years and has increased its dividend annually for the last 11 consecutive years. First Savings Financial Group has a dividend payout ratio of 24.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect First Savings Financial Group to earn $2.20 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 27.3%.

First Savings Financial Group Price Performance

Shares of NASDAQ:FSFG opened at $23.42 on Thursday. The firm has a market capitalization of $161.20 million, a PE ratio of 21.69 and a beta of 0.74. The company has a current ratio of 1.16, a quick ratio of 1.09 and a debt-to-equity ratio of 2.83. First Savings Financial Group has a 1-year low of $13.20 and a 1-year high of $24.50. The business’s 50 day moving average is $21.54 and its 200-day moving average is $18.20.

First Savings Financial Group (NASDAQ:FSFG) last posted its quarterly earnings results on Thursday, July 25th. The bank reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.11. The firm had revenue of $17.73 million for the quarter, compared to the consensus estimate of $17.60 million. First Savings Financial Group had a net margin of 6.90% and a return on equity of 8.63%. Sell-side analysts predict that First Savings Financial Group will post 1.75 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on FSFG shares. StockNews.com initiated coverage on shares of First Savings Financial Group in a research note on Wednesday, August 14th. They set a “buy” rating for the company. Piper Sandler raised their target price on First Savings Financial Group from $20.00 to $26.50 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, Hovde Group began coverage on First Savings Financial Group in a research report on Wednesday. They issued a “market perform” rating and a $24.00 price target on the 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.