First Savings Financial Group (NASDAQ:FSFG) Issues Quarterly Earnings Results

First Savings Financial Group (NASDAQ:FSFG) released its quarterly earnings results on Thursday. The bank reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.05), reports. First Savings Financial Group had a net margin of 6.90% and a return on equity of 8.63%. The firm had revenue of $17.92 million during the quarter, compared to the consensus estimate of $19.00 million.

First Savings Financial Group Stock Performance

FSFG stock traded up $1.14 during trading on Friday, reaching $25.75. 19,363 shares of the stock were exchanged, compared to its average volume of 6,623. The stock has a 50 day simple moving average of $23.84 and a 200-day simple moving average of $19.84. The company has a current ratio of 1.16, a quick ratio of 1.09 and a debt-to-equity ratio of 2.83. The company has a market capitalization of $177.24 million, a P/E ratio of 23.84 and a beta of 0.73. First Savings Financial Group has a twelve month low of $13.20 and a twelve month high of $26.02.

First Savings Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend was Friday, September 13th. First Savings Financial Group’s payout ratio is presently 55.56%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. StockNews.com assumed coverage on shares of First Savings Financial Group in a report on Wednesday, August 14th. They issued a “buy” rating on the stock. Piper Sandler raised their target price on First Savings Financial Group from $20.00 to $26.50 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Finally, Hovde Group began coverage on First Savings Financial Group in a research report on Wednesday, September 11th. They issued a “market perform” rating and a $24.00 price target on the stock.

Institutional Trading of First Savings Financial Group

An institutional investor recently raised its position in First Savings Financial Group stock. Empowered Funds LLC increased its position in First Savings Financial Group, Inc. (NASDAQ:FSFG) by 8.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,930 shares of the bank’s stock after purchasing an additional 2,209 shares during the quarter. Empowered Funds LLC owned approximately 0.44% of First Savings Financial Group worth $501,000 at the end of the most recent quarter. Institutional investors and hedge funds own 35.22% of the company’s 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.