StockNews.com Initiates Coverage on First Savings Financial Group (NASDAQ:FSFG)

StockNews.com started coverage on shares of First Savings Financial Group (NASDAQ:FSFG) in a research report report published on Thursday morning. The firm issued a hold rating on the bank’s stock.

Separately, Piper Sandler upped their price target on First Savings Financial Group from $19.00 to $21.00 and gave the company an overweight rating in a research report on Tuesday, February 6th.

First Savings Financial Group Stock Up 0.7 %

Shares of NASDAQ:FSFG opened at $16.16 on Thursday. The firm has a 50 day simple moving average of $16.21 and a 200 day simple moving average of $16.16. First Savings Financial Group has a 52 week low of $11.74 and a 52 week high of $18.54. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.10 and a current ratio of 1.11. The company has a market cap of $111.18 million, a PE ratio of 14.96 and a beta of 0.71.

First Savings Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.71%. The ex-dividend date was Thursday, March 14th. This is a positive change from First Savings Financial Group’s previous quarterly dividend of $0.14. First Savings Financial Group’s dividend payout ratio is currently 55.56%.

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.