First Savings Financial Group, Inc. (NASDAQ:FSFG) Sees Large Drop in Short Interest

First Savings Financial Group, Inc. (NASDAQ:FSFG) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 7,900 shares, a decline of 9.2% from the August 15th total of 8,700 shares. Based on an average daily volume of 8,800 shares, the short-interest ratio is currently 0.9 days.

Institutional Trading of First Savings Financial Group

An institutional investor recently raised its position in First Savings Financial Group stock. Empowered Funds LLC lifted its stake in First Savings Financial Group, Inc. (NASDAQ:FSFG) by 8.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,930 shares of the bank’s stock after purchasing an additional 2,209 shares during the quarter. Empowered Funds LLC owned about 0.44% of First Savings Financial Group worth $501,000 as of its most recent SEC filing. Institutional investors and hedge funds own 35.22% of the company’s stock.

First Savings Financial Group Stock Down 0.2 %

Shares of FSFG stock traded down $0.05 on Tuesday, hitting $23.84. The stock had a trading volume of 9,985 shares, compared to its average volume of 6,667. First Savings Financial Group has a one year low of $13.20 and a one year high of $24.50. The business has a 50 day moving average price of $21.99 and a 200 day moving average price of $18.40. The company has a market cap of $164.09 million, a PE ratio of 22.07 and a beta of 0.74. The company has a quick ratio of 1.09, a current ratio of 1.16 and a debt-to-equity ratio of 2.83.

First Savings Financial Group (NASDAQ:FSFG) last issued its quarterly earnings data on Thursday, July 25th. The bank reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.11. First Savings Financial Group had a net margin of 6.90% and a return on equity of 8.63%. The company had revenue of $17.73 million during the quarter, compared to the consensus estimate of $17.60 million. Research analysts anticipate that First Savings Financial Group will post 1.75 earnings per share for the current fiscal year.

First Savings Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a $0.15 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.60 annualized dividend and a yield of 2.52%. First Savings Financial Group’s dividend payout ratio (DPR) is 55.56%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on FSFG shares. Hovde Group initiated coverage on First Savings Financial Group in a report on Wednesday, September 11th. They issued a “market perform” rating and a $24.00 target price for the company. StockNews.com started coverage on shares of First Savings Financial Group in a research report on Wednesday, August 14th. They set a “buy” rating on the stock. Finally, Piper Sandler increased their target price on shares of First Savings Financial Group from $20.00 to $26.50 and gave the company an “overweight” rating in a research note on Wednesday, July 31st.

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.