Point72 Asia Singapore Pte. Ltd. Invests $76,000 in First Savings Financial Group, Inc. (NASDAQ:FSFG)

Point72 Asia Singapore Pte. Ltd. bought a new position in First Savings Financial Group, Inc. (NASDAQ:FSFG) during the fourth quarter, HoldingsChannel reports. The fund bought 2,873 shares of the bank’s stock, valued at approximately $76,000.

Several other institutional investors and hedge funds also recently bought and sold shares of FSFG. Barclays PLC raised its stake in shares of First Savings Financial Group by 72.9% in the third quarter. Barclays PLC now owns 3,396 shares of the bank’s stock worth $81,000 after buying an additional 1,432 shares during the period. Susquehanna International Group LLP increased its holdings in First Savings Financial Group by 617.6% in the 4th quarter. Susquehanna International Group LLP now owns 71,617 shares of the bank’s stock worth $1,902,000 after acquiring an additional 61,637 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in First Savings Financial Group in the 4th quarter worth approximately $231,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in First Savings Financial Group during the 4th quarter worth approximately $597,000. Finally, Dimensional Fund Advisors LP lifted its holdings in First Savings Financial Group by 27.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 61,169 shares of the bank’s stock valued at $1,624,000 after purchasing an additional 13,175 shares in the last quarter. 35.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on FSFG shares. Hovde Group raised shares of First Savings Financial Group from a “market perform” rating to an “outperform” rating and set a $34.00 price objective for the company in a research note on Tuesday, May 6th. Piper Sandler upped their target price on shares of First Savings Financial Group from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Tuesday, April 29th. Finally, Maxim Group increased their price target on First Savings Financial Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, April 28th.

First Savings Financial Group Stock Down 0.1%

NASDAQ FSFG opened at $27.83 on Friday. First Savings Financial Group, Inc. has a 12 month low of $16.25 and a 12 month 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 1.96. The stock has a market cap of $192.56 million, a PE ratio of 10.16 and a beta of 0.40. The stock’s 50 day moving average is $25.39 and its 200 day moving average is $26.15.

First Savings Financial Group (NASDAQ:FSFG) last released its earnings results on Thursday, April 24th. The bank reported $0.76 EPS for the quarter, topping the consensus estimate of $0.55 by $0.21. First Savings Financial Group had a net margin of 13.34% and a return on equity of 8.79%. The firm had revenue of $19.55 million for the quarter, compared to the consensus estimate of $15.55 million. Research analysts predict that First Savings Financial Group, Inc. will post 2.45 EPS for the current fiscal year.

First Savings Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.16 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.64 annualized dividend and a yield of 2.30%. This is a boost from First Savings Financial Group’s previous quarterly dividend of $0.15. First Savings Financial Group’s payout ratio is presently 22.78%.

First Savings Financial Group 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.