First Savings Financial Group, Inc. (NASDAQ:FSFG) Short Interest Update

First Savings Financial Group, Inc. (NASDAQ:FSFG) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 15,500 shares, an increase of 115.3% from the December 31st total of 7,200 shares. Based on an average trading volume of 18,600 shares, the short-interest ratio is presently 0.8 days.

First Savings Financial Group Trading Up 2.3 %

Shares of FSFG stock traded up $0.56 on Friday, reaching $24.76. 10,926 shares of the company’s stock were exchanged, compared to its average volume of 10,339. The company’s fifty day simple moving average is $26.94 and its 200 day simple moving average is $25.09. First Savings Financial Group has a 52 week low of $14.55 and a 52 week high of $30.94. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 1.99. The stock has a market capitalization of $171.07 million, a PE ratio of 9.04 and a beta of 0.75.

First Savings Financial Group (NASDAQ:FSFG) last posted its quarterly earnings results on Tuesday, January 28th. The bank reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.06). First Savings Financial Group had a return on equity of 8.86% and a net margin of 13.34%. As a group, analysts forecast that First Savings Financial Group will post 2.65 EPS for the current year.

First Savings Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Monday, December 16th. First Savings Financial Group’s dividend payout ratio is presently 21.90%.

Institutional Trading of First Savings Financial Group

Large investors have recently modified their holdings of the company. Fourthstone LLC raised 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 valued at $5,111,000 after purchasing an additional 134,029 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of First Savings Financial Group by 166.0% in the third 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. Geode Capital Management LLC lifted its stake 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 worth $1,387,000 after acquiring an additional 690 shares during the period. Empowered Funds LLC grew its holdings in First Savings Financial Group by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 32,198 shares of the bank’s stock worth $767,000 after acquiring an additional 1,608 shares in the last quarter. Finally, Barclays PLC increased its position in First Savings Financial Group by 72.9% during the 3rd 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 period. Hedge funds and other institutional investors own 35.22% of the company’s stock.

Analysts Set New Price Targets

FSFG has been the topic of several recent research reports. StockNews.com lowered First Savings Financial Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 14th. Piper Sandler reduced their target price on shares of First Savings Financial Group from $33.00 to $30.00 and set an “overweight” rating on the stock in a research note on Friday.

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.