First Savings Financial Group (NASDAQ:FSFG) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

First Savings Financial Group, Inc. (NASDAQ:FSFG) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $24.25 and traded as high as $26.49. First Savings Financial Group shares last traded at $25.89, with a volume of 9,142 shares changing hands.

Wall Street Analysts Forecast Growth

FSFG has been the topic of several recent research reports. Piper Sandler raised their target price on shares of First Savings Financial Group from $27.50 to $31.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. StockNews.com cut First Savings Financial Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 2nd.

First Savings Financial Group Trading Down 3.9 %

The firm’s fifty day simple moving average is $27.97 and its 200 day simple moving average is $24.31. The stock has a market capitalization of $171.69 million, a P/E ratio of 12.57 and a beta of 0.75. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.09 and a current ratio of 1.16.

First Savings Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.60 annualized dividend and a dividend yield of 2.41%. First Savings Financial Group’s payout ratio is 30.30%.

Institutional Trading of First Savings Financial Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Empowered Funds LLC boosted its position in First Savings Financial Group by 5.3% in the third quarter. Empowered Funds LLC now owns 32,198 shares of the bank’s stock valued at $767,000 after buying an additional 1,608 shares in the last quarter. Cerity Partners LLC boosted its holdings in shares of First Savings Financial Group by 166.0% during the 3rd quarter. Cerity Partners LLC now owns 68,421 shares of the bank’s stock valued at $1,629,000 after acquiring an additional 42,696 shares in the last quarter. Fourthstone LLC grew its position in First Savings Financial Group by 166.2% during the 3rd quarter. Fourthstone LLC now owns 214,671 shares of the bank’s stock worth $5,111,000 after acquiring an additional 134,029 shares during the last quarter. Barclays PLC raised its position in First Savings Financial Group by 72.9% in the third quarter. Barclays PLC now owns 3,396 shares of the bank’s stock valued at $81,000 after purchasing an additional 1,432 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in First Savings Financial Group by 1.2% in the third quarter. Geode Capital Management LLC now owns 58,253 shares of the bank’s stock valued at $1,387,000 after purchasing an additional 690 shares during the last quarter. 35.22% of the stock is currently owned by institutional investors.

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.