O Shaughnessy Asset Management LLC Takes $231,000 Position in First Savings Financial Group, Inc. (NASDAQ:FSFG)

O Shaughnessy Asset Management LLC purchased a new position in shares of First Savings Financial Group, Inc. (NASDAQ:FSFG) during the 4th quarter, Holdings Channel.com reports. The firm purchased 8,712 shares of the bank’s stock, valued at approximately $231,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC lifted its stake in First Savings Financial Group by 72.9% in the third quarter. Barclays PLC now owns 3,396 shares of the bank’s stock valued at $81,000 after buying an additional 1,432 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of First Savings Financial Group by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 58,253 shares of the bank’s stock valued at $1,387,000 after acquiring an additional 690 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in First Savings Financial Group in the 4th quarter valued at $597,000. 35.22% of the stock is currently owned by institutional investors and hedge funds.

First Savings Financial Group Stock Performance

Shares of FSFG opened at $22.21 on Monday. The stock has a market capitalization of $153.58 million, a P/E ratio of 8.11 and a beta of 0.45. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.07 and a current ratio of 1.08. First Savings Financial Group, Inc. has a 1 year low of $14.55 and a 1 year high of $30.94. The company’s fifty day moving average is $24.74 and its two-hundred day moving average is $25.87.

First Savings Financial Group (NASDAQ:FSFG) last issued its quarterly earnings results on Tuesday, January 28th. The bank reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.06). First Savings Financial Group had a return on equity of 8.79% and a net margin of 13.34%. On average, sell-side analysts predict that First Savings Financial Group, Inc. will post 2.45 earnings per share for the current year.

First Savings Financial Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.88%. This is an increase from First Savings Financial Group’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, March 14th. First Savings Financial Group’s dividend payout ratio is 23.36%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. StockNews.com downgraded shares of First Savings Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 14th. Maxim Group set a $28.00 price target on First Savings Financial Group and gave the stock a “buy” rating in a report on Tuesday, February 4th. Finally, Piper Sandler reduced their price objective on First Savings Financial Group from $33.00 to $30.00 and set an “overweight” rating for the company in a research note on Friday, January 31st.

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.