First Savings Financial Group, Inc. (NASDAQ:FSFG) Shares Sold by Barclays PLC

Barclays PLC cut its holdings in First Savings Financial Group, Inc. (NASDAQ:FSFG) by 17.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,797 shares of the bank’s stock after selling 599 shares during the period. Barclays PLC’s holdings in First Savings Financial Group were worth $75,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cerity Partners LLC lifted its holdings in First Savings Financial Group by 1.8% in the 4th quarter. Cerity Partners LLC now owns 69,621 shares of the bank’s stock valued at $1,849,000 after purchasing an additional 1,200 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of First Savings Financial Group by 91.2% in the 4th quarter. Renaissance Technologies LLC now owns 56,800 shares of the bank’s stock valued at $1,509,000 after acquiring an additional 27,100 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of First Savings Financial Group during the fourth quarter worth about $597,000. Finally, O Shaughnessy Asset Management LLC purchased a new position in First Savings Financial Group in the 4th quarter worth approximately $231,000. Institutional investors and hedge funds own 35.22% of the company’s stock.

First Savings Financial Group Price Performance

Shares of NASDAQ FSFG opened at $27.86 on Thursday. The stock has a market cap of $192.65 million, a P/E ratio of 10.17 and a beta of 0.40. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.96. The firm’s 50-day simple moving average is $25.25 and its 200 day simple moving average is $26.14. First Savings Financial Group, Inc. has a fifty-two week low of $16.21 and a fifty-two week high of $30.94.

First Savings Financial Group (NASDAQ:FSFG) last issued its quarterly earnings results on Thursday, April 24th. The bank reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.21. First Savings Financial Group had a return on equity of 8.79% and a net margin of 13.34%. The company had revenue of $19.55 million for the quarter, compared to analysts’ expectations of $15.55 million. Equities analysts expect that First Savings Financial Group, Inc. will post 2.45 EPS for the current year.

First Savings Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $0.16 per share. The ex-dividend date was Friday, March 14th. This is a positive change from First Savings Financial Group’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a dividend yield of 2.30%. First Savings Financial Group’s dividend payout ratio (DPR) is currently 22.78%.

Analyst Ratings Changes

A number of equities analysts have weighed in on FSFG shares. Piper Sandler upped their price objective on shares of First Savings Financial Group from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Tuesday, April 29th. Maxim Group increased their target price on shares of First Savings Financial Group from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, April 28th. Finally, Hovde Group raised First Savings Financial Group from a “market perform” rating to an “outperform” rating and set a $34.00 price target on the stock in a report on Tuesday, May 6th.

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.