First Savings Financial Group (NASDAQ:FSFG) Stock Price Passes Below 200-Day Moving Average of $16.09

Shares of First Savings Financial Group, Inc. (NASDAQ:FSFG) crossed below its 200-day moving average during trading on Monday . The stock has a 200-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 traded.

Analyst Upgrades and Downgrades

Several analysts recently commented on FSFG shares. Piper Sandler raised their price target on shares of First Savings Financial Group from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, February 6th. StockNews.com assumed coverage on shares of First Savings Financial Group in a report on Tuesday. They set a “hold” rating for the company.

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 $103.54 million, a price-to-earnings ratio of 16.17 and a beta of 0.72. The stock’s 50 day simple moving average is $16.51 and its 200-day simple moving average is $16.09.

First Savings Financial Group (NASDAQ:FSFG) last posted its earnings results on Tuesday, January 30th. The bank reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04. The firm had revenue of $16.90 million during the quarter, compared to analysts’ expectations of $19.70 million. First Savings Financial Group had a net margin of 4.74% and a return on equity of 7.99%. 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 announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from First Savings Financial Group’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 3.99%. First Savings Financial Group’s payout ratio is 66.67%.

Institutional Trading of First Savings Financial Group

A number of institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley raised its position in shares of First Savings Financial Group by 266.7% in the fourth quarter. Morgan Stanley now owns 1,683 shares of the bank’s stock valued at $34,000 after purchasing an additional 1,224 shares during the period. Osaic Holdings Inc. raised its position in shares of First Savings Financial Group by 133.3% in the second quarter. Osaic Holdings Inc. now owns 3,500 shares of the bank’s stock valued at $46,000 after purchasing an additional 2,000 shares during the period. UBS Group AG raised its position in shares of First Savings Financial Group by 569.2% in the first quarter. UBS Group AG now owns 4,557 shares of the bank’s stock valued at $73,000 after purchasing an additional 3,876 shares during the period. Susquehanna International Group LLP bought a new position in shares of First Savings Financial Group in the fourth quarter valued at approximately $236,000. Finally, Renaissance Technologies LLC raised its position in shares of First Savings Financial Group by 5.0% in the second quarter. Renaissance Technologies LLC now owns 16,700 shares of the bank’s stock valued at $400,000 after purchasing an additional 800 shares during the period. 35.22% of the stock is currently owned by institutional investors and hedge funds.

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.