First Savings Financial Group (NASDAQ:FSFG) Shares Pass Below Two Hundred Day Moving Average of $16.09

First Savings Financial Group, Inc. (NASDAQ:FSFG) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $16.09 and traded as low as $14.82. First Savings Financial Group shares last traded at $15.06, with a volume of 8,480 shares trading hands.

Wall Street Analyst Weigh In

Several analysts recently weighed in on FSFG shares. Piper Sandler lifted their price objective on shares of 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. StockNews.com initiated coverage on shares of First Savings Financial Group in a research report on Tuesday. They issued a “hold” rating on the stock.

First Savings Financial Group Price Performance

The company has a debt-to-equity ratio of 2.47, a current ratio of 1.11 and a quick ratio of 1.10. The stock has a market capitalization of $103.61 million, a price-to-earnings ratio of 16.73 and a beta of 0.72. The stock’s 50 day simple moving average is $16.56 and its 200-day simple moving average is $16.09.

First Savings Financial Group (NASDAQ:FSFG) last released its quarterly earnings results on Tuesday, January 30th. The bank reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04. First Savings Financial Group had a net margin of 4.74% and a return on equity of 7.99%. The company had revenue of $16.90 million for the quarter, compared to analyst estimates of $19.70 million. On average, analysts expect that First Savings Financial Group, Inc. will post 1.5 EPS for the current fiscal year.

First Savings Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.98%. 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 payout ratio is 66.67%.

Institutional Investors Weigh In On First Savings Financial Group

Institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Arbitrage SA lifted its position in First Savings Financial Group by 5,979.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,654 shares of the bank’s stock worth $818,000 after buying an additional 5,561 shares in the last quarter. Northern Trust Corp increased its stake in shares of First Savings Financial Group by 17.6% in the 4th quarter. Northern Trust Corp now owns 45,010 shares of the bank’s stock valued at $756,000 after acquiring an additional 6,738 shares during the last quarter. Bridgeway Capital Management LLC increased its stake in First Savings Financial Group by 6.3% during the 4th quarter. Bridgeway Capital Management LLC now owns 42,021 shares of the bank’s stock worth $706,000 after purchasing an additional 2,496 shares in the last quarter. State Street Corp increased its stake in First Savings Financial Group by 8.2% during the 1st quarter. State Street Corp now owns 24,583 shares of the bank’s stock worth $603,000 after purchasing an additional 1,853 shares in the last quarter. Finally, BHZ Capital Management LP increased its stake in First Savings Financial Group by 6.7% during the 1st quarter. BHZ Capital Management LP now owns 35,796 shares of the bank’s stock worth $576,000 after purchasing an additional 2,236 shares in the last quarter. Institutional investors and hedge funds own 35.22% of the company’s stock.

About First Savings Financial Group

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.