Tower Research Capital LLC TRC Grows Stake in First Savings Financial Group, Inc. (NASDAQ:FSFG)

Tower Research Capital LLC TRC raised its stake in First Savings Financial Group, Inc. (NASDAQ:FSFG) by 130.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 990 shares of the bank’s stock after acquiring an additional 561 shares during the quarter. Tower Research Capital LLC TRC’s holdings in First Savings Financial Group were worth $26,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cerity Partners LLC boosted its stake in First Savings Financial Group by 1.8% in the fourth quarter. Cerity Partners LLC now owns 69,621 shares of the bank’s stock valued at $1,849,000 after acquiring an additional 1,200 shares during the last quarter. Barclays PLC boosted its stake in First Savings Financial Group by 72.9% in the third quarter. Barclays PLC now owns 3,396 shares of the bank’s stock valued at $81,000 after acquiring an additional 1,432 shares during the last quarter. O Shaughnessy Asset Management LLC purchased a new position in First Savings Financial Group in the fourth quarter valued at about $231,000. Dimensional Fund Advisors LP boosted its stake in First Savings Financial Group by 27.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 61,169 shares of the bank’s stock valued at $1,624,000 after acquiring an additional 13,175 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in First Savings Financial Group in the fourth quarter valued at about $597,000. 35.22% of the stock is currently owned by hedge funds and other institutional investors.

First Savings Financial Group Stock Performance

NASDAQ FSFG opened at $27.83 on Friday. The company’s 50 day moving average is $25.39 and its 200-day moving average is $26.16. 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 has a market cap of $192.44 million, a P/E ratio of 10.16 and a beta of 0.40. First Savings Financial Group, Inc. has a 12-month low of $16.25 and a 12-month high of $30.94.

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

First Savings Financial Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.16 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from First Savings Financial Group’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a yield of 2.30%. First Savings Financial Group’s dividend payout ratio is currently 22.78%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FSFG. Maxim Group boosted their price target on shares of First Savings Financial Group from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, April 28th. Hovde Group raised shares of 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 research report on Tuesday, May 6th. Finally, Piper Sandler boosted their price target 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.

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.