First Savings Financial Group (NASDAQ:FSFG) Share Price Crosses Above 200-Day Moving Average – Here’s Why

First Savings Financial Group, Inc. (NASDAQ:FSFG)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $26.13 and traded as high as $27.26. First Savings Financial Group shares last traded at $26.54, with a volume of 26,174 shares.

Analyst Upgrades and Downgrades

FSFG has been the subject of a number of research reports. Maxim Group upped their price target on shares of First Savings Financial Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, April 28th. Piper Sandler upped their price target on shares of First Savings Financial Group from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 29th. Finally, 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 for the company in a research report on Tuesday, May 6th.

First Savings Financial Group Price Performance

The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.07 and a current ratio of 1.08. The stock has a market cap of $183.63 million, a price-to-earnings ratio of 9.69 and a beta of 0.40. The business’s fifty day simple moving average is $25.65 and its 200 day simple moving average is $26.13.

First Savings Financial Group (NASDAQ:FSFG) last issued its quarterly earnings data on Thursday, April 24th. The bank reported $0.76 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $19.55 million for the quarter, compared to analyst estimates of $15.55 million. Research analysts predict that First Savings Financial Group, Inc. will post 2.45 EPS for the current fiscal year.

First Savings Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.16 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.64 dividend on an annualized basis and a yield of 2.41%. This is a positive change from First Savings Financial Group’s previous quarterly dividend of $0.15. First Savings Financial Group’s payout ratio is currently 22.78%.

Hedge Funds Weigh In On First Savings Financial Group

A number of institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its position in shares of First Savings Financial Group by 130.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 990 shares of the bank’s stock worth $26,000 after purchasing an additional 561 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of First Savings Financial Group during the fourth quarter worth about $76,000. Cubist Systematic Strategies LLC bought a new position in shares of First Savings Financial Group during the fourth quarter worth about $153,000. O Shaughnessy Asset Management LLC bought a new position in shares of First Savings Financial Group during the fourth quarter worth about $231,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of First Savings Financial Group during the fourth quarter worth about $275,000. Institutional investors and hedge funds own 35.22% of the company’s stock.

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.