First Savings Financial Group (NASDAQ:FSFG) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of First Savings Financial Group (NASDAQ:FSFGGet Rating) in a research note issued to investors on Saturday morning. The brokerage issued a hold rating on the bank’s stock.

Separately, Hovde Group assumed coverage on shares of First Savings Financial Group in a research note on Wednesday, May 18th. They set an outperform rating and a $30.00 price target for the company.

First Savings Financial Group Trading Up 0.1 %

NASDAQ FSFG opened at $23.00 on Friday. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.10 and a quick ratio of 0.96. The firm’s fifty day moving average price is $23.53 and its 200 day moving average price is $24.31. The company has a market capitalization of $163.07 million, a price-to-earnings ratio of 8.78 and a beta of 0.73. First Savings Financial Group has a 12 month low of $22.65 and a 12 month high of $29.98.

First Savings Financial Group (NASDAQ:FSFGGet Rating) last posted its earnings results on Monday, July 25th. The bank reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.29). The company had revenue of $25.94 million during the quarter, compared to analysts’ expectations of $28.80 million. First Savings Financial Group had a net margin of 14.54% and a return on equity of 10.55%. On average, sell-side analysts expect that First Savings Financial Group will post 2.67 earnings per share for the current fiscal year.

First Savings Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Thursday, September 15th. First Savings Financial Group’s dividend payout ratio is currently 19.85%.

Insider Buying and Selling

In other news, CEO Larry W. Myers bought 3,468 shares of First Savings Financial Group stock in a transaction dated Monday, June 13th. The stock was bought at an average price of $24.19 per share, for a total transaction of $83,890.92. Following the purchase, the chief executive officer now owns 84,687 shares of the company’s stock, valued at $2,048,578.53. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 14.26% of the stock is owned by company insiders.

Institutional Trading of First Savings Financial Group

Several hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC lifted its stake in shares of First Savings Financial Group by 5.0% in the 2nd quarter. Renaissance Technologies LLC now owns 16,700 shares of the bank’s stock worth $400,000 after acquiring an additional 800 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of First Savings Financial Group by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 51,312 shares of the bank’s stock valued at $1,259,000 after purchasing an additional 1,220 shares in the last quarter. State Street Corp increased its holdings in shares of First Savings Financial Group by 8.2% in the 1st quarter. State Street Corp now owns 24,583 shares of the bank’s stock valued at $603,000 after purchasing an additional 1,853 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of First Savings Financial Group by 5,979.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,654 shares of the bank’s stock valued at $818,000 after purchasing an additional 5,561 shares in the last quarter. Finally, NewEdge Advisors LLC purchased a new position in shares of First Savings Financial Group in the 1st quarter valued at about $472,000. Institutional investors and hedge funds own 26.38% of the company’s stock.

First Savings Financial Group Company Profile

(Get Rating)

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.

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