First Savings Financial Group, Inc. (NASDAQ:FSFG) Sees Significant Decrease in Short Interest

First Savings Financial Group, Inc. (NASDAQ:FSFG) was the target of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 54,018 shares, a drop of 15.4% from the January 15th total of 63,818 shares. Based on an average trading volume of 22,532 shares, the days-to-cover ratio is currently 2.4 days. Approximately 0.9% of the shares of the stock are short sold. Approximately 0.9% of the shares of the stock are short sold. Based on an average trading volume of 22,532 shares, the days-to-cover ratio is currently 2.4 days.

Institutional Investors Weigh In On First Savings Financial Group

A number of institutional investors have recently modified their holdings of the stock. Hillsdale Investment Management Inc. acquired a new stake in First Savings Financial Group during the second quarter valued at $265,000. Los Angeles Capital Management LLC acquired a new position in First Savings Financial Group in the 2nd quarter worth about $372,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of First Savings Financial Group by 27.8% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 35,124 shares of the bank’s stock worth $880,000 after purchasing an additional 7,639 shares in the last quarter. LSV Asset Management acquired a new stake in shares of First Savings Financial Group during the 2nd quarter valued at about $110,000. Finally, Ritholtz Wealth Management bought a new stake in shares of First Savings Financial Group in the 2nd quarter valued at approximately $369,000. Institutional investors and hedge funds own 35.22% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of First Savings Financial Group in a research report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, First Savings Financial Group currently has a consensus rating of “Buy” and a consensus target price of $32.33.

First Savings Financial Group Stock Up 2.9%

NASDAQ FSFG traded up $0.95 during trading on Tuesday, reaching $33.98. 117,600 shares of the company’s stock were exchanged, compared to its average volume of 15,551. The company has a current ratio of 1.15, a quick ratio of 1.12 and a debt-to-equity ratio of 2.41. First Savings Financial Group has a fifty-two week low of $21.63 and a fifty-two week high of $34.10. The company’s fifty day simple moving average is $32.91 and its 200-day simple moving average is $30.45. The firm has a market capitalization of $238.37 million, a PE ratio of 10.27 and a beta of 0.45.

First Savings Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.9%. The ex-dividend date was Monday, December 15th. First Savings Financial Group’s dividend payout ratio is currently 19.34%.

About First Savings Financial Group

First Savings Financial Group, Inc is a bank holding company headquartered in Fairfield, Iowa, serving as the parent of First Savings Bank. The company operates as a community-based financial services provider, offering banking and financial products to individuals, small businesses, and agricultural clients in its regional markets.

Through its subsidiary First Savings Bank, the company delivers a suite of deposit and lending solutions that includes checking and savings accounts, consumer and residential mortgage loans, commercial and agricultural lending, and treasury management services.