LSV Asset Management Makes New $110,000 Investment in First Savings Financial Group, Inc. $FSFG

LSV Asset Management bought a new position in shares of First Savings Financial Group, Inc. (NASDAQ:FSFG) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,400 shares of the bank’s stock, valued at approximately $110,000. LSV Asset Management owned approximately 0.06% of First Savings Financial Group as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Police & Firemen s Retirement System of New Jersey bought a new stake in First Savings Financial Group during the second quarter worth about $31,000. Ritholtz Wealth Management bought a new position in First Savings Financial Group in the second quarter valued at approximately $369,000. Los Angeles Capital Management LLC acquired a new position in First Savings Financial Group during the second quarter valued at approximately $372,000. Jane Street Group LLC lifted its stake in First Savings Financial Group by 38.1% during the first quarter. Jane Street Group LLC now owns 20,351 shares of the bank’s stock worth $524,000 after purchasing an additional 5,613 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of First Savings Financial Group by 22.2% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 27,485 shares of the bank’s stock valued at $708,000 after purchasing an additional 4,997 shares in the last quarter. Institutional investors own 35.22% of the company’s stock.

First Savings Financial Group Trading Up 5.6%

NASDAQ FSFG opened at $30.95 on Friday. First Savings Financial Group, Inc. has a 12 month low of $21.63 and a 12 month high of $33.00. The company has a current ratio of 1.16, a quick ratio of 1.12 and a debt-to-equity ratio of 2.53. The firm has a market capitalization of $216.22 million, a PE ratio of 9.35 and a beta of 0.54. The business’s 50-day moving average price is $29.94 and its two-hundred day moving average price is $27.58.

First Savings Financial Group (NASDAQ:FSFG) last posted its quarterly earnings data on Thursday, October 30th. The bank reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. The company had revenue of $21.79 million for the quarter, compared to analyst estimates of $17.21 million. First Savings Financial Group had a return on equity of 11.73% and a net margin of 15.82%. On average, analysts expect that First Savings Financial Group, Inc. will post 2.45 EPS for the current year.

First Savings Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Monday, September 15th. First Savings Financial Group’s dividend payout ratio (DPR) is currently 19.34%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on FSFG shares. Wall Street Zen cut First Savings Financial Group from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of First Savings Financial Group in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $32.33.

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.