First Savings Financial Group (NASDAQ:FSFG) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

First Savings Financial Group, Inc. (NASDAQ:FSFG) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $29.71 and traded as high as $33.98. First Savings Financial Group shares last traded at $33.98, with a volume of 117,623 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of First Savings Financial Group in a research note on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $32.33.

First Savings Financial Group Stock Up 2.9%

The firm’s 50 day moving average price is $32.28 and its 200-day moving average price is $29.71. The company has a current ratio of 1.15, a quick ratio of 1.12 and a debt-to-equity ratio of 2.41. The company has a market cap of $238.54 million, a P/E ratio of 10.27 and a beta of 0.45.

First Savings Financial Group (NASDAQ:FSFG) last posted its quarterly earnings results on Thursday, October 30th. The bank reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. First Savings Financial Group had a net margin of 15.82% and a return on equity of 11.51%. The business had revenue of $21.79 million during the quarter, compared to the consensus estimate of $17.21 million. As a group, equities research analysts expect that First Savings Financial Group, Inc. will post 2.45 EPS for the current year.

First Savings Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.9%. First Savings Financial Group’s payout ratio is 19.34%.

Hedge Funds Weigh In On First Savings Financial Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. increased its stake in First Savings Financial Group by 44.2% in the third quarter. Alliancebernstein L.P. now owns 270,115 shares of the bank’s stock valued at $8,490,000 after purchasing an additional 82,742 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of First Savings Financial Group in the 3rd quarter valued at $2,186,000. Geode Capital Management LLC increased its position in shares of First Savings Financial Group by 112.2% in the 2nd quarter. Geode Capital Management LLC now owns 129,685 shares of the bank’s stock valued at $3,248,000 after buying an additional 68,561 shares in the last quarter. Stratos Wealth Partners LTD. acquired a new stake in First Savings Financial Group during the 4th quarter worth $714,000. Finally, ABC Arbitrage SA acquired a new stake in First Savings Financial Group during the 3rd quarter worth $595,000. Institutional investors own 35.22% of the company’s stock.

First Savings Financial Group Company Profile

First Savings Financial Group, Inc is a bank holding company headquartered in Fairfield, Iowa, serving as the parent of First Savings Bank. The company operates as a community-based financial services provider, offering banking and financial products to individuals, small businesses, and agricultural clients in its regional markets.

Through its subsidiary First Savings Bank, the company delivers a suite of deposit and lending solutions that includes checking and savings accounts, consumer and residential mortgage loans, commercial and agricultural lending, and treasury management services.