First Savings Financial Group, Inc. (NASDAQ:FSFG) Short Interest Update

First Savings Financial Group, Inc. (NASDAQ:FSFG) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 11,600 shares, a growth of 46.8% from the August 31st total of 7,900 shares. Based on an average trading volume of 8,900 shares, the short-interest ratio is presently 1.3 days.

Institutional Trading of First Savings Financial Group

A hedge fund recently raised its stake in First Savings Financial Group stock. Empowered Funds LLC increased its holdings in First Savings Financial Group, Inc. (NASDAQ:FSFG) by 8.0% during the 1st quarter, according to the company in its most recent disclosure 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 approximately 0.44% of First Savings Financial Group worth $501,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 35.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on FSFG shares. StockNews.com assumed coverage on First Savings Financial Group in a research report on Wednesday, August 14th. They issued a “buy” rating on the stock. Piper Sandler boosted 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 report on Wednesday, July 31st. Finally, Hovde Group assumed coverage on shares of First Savings Financial Group in a research report on Wednesday, September 11th. They set a “market perform” rating and a $24.00 price target on the stock.

First Savings Financial Group Price Performance

Shares of First Savings Financial Group stock traded up $0.05 during midday trading on Friday, hitting $23.90. 9,469 shares of the company traded hands, compared to its average volume of 6,627. The stock has a market cap of $164.50 million, a price-to-earnings ratio of 22.13 and a beta of 0.74. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.09 and a current ratio of 1.16. The firm’s fifty day moving average price is $22.76 and its 200-day moving average price is $18.79. First Savings Financial Group has a 12 month low of $13.20 and a 12 month high of $24.50.

First Savings Financial Group (NASDAQ:FSFG) last announced its quarterly earnings results on Thursday, July 25th. The bank reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate 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. As a group, sell-side analysts forecast that First Savings Financial Group will post 1.75 earnings per share for the current year.

First Savings Financial Group Announces Dividend

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 given a $0.15 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.60 annualized dividend and a yield of 2.51%. First Savings Financial Group’s dividend payout ratio is presently 55.56%.

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.