ABC Arbitrage SA Makes New Investment in First Savings Financial Group, Inc. $FSFG

ABC Arbitrage SA purchased a new stake in First Savings Financial Group, Inc. (NASDAQ:FSFG) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 18,927 shares of the bank’s stock, valued at approximately $595,000. ABC Arbitrage SA owned approximately 0.27% of First Savings Financial Group at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Keybank National Association OH acquired a new stake in shares of First Savings Financial Group in the 3rd quarter valued at about $220,000. Federated Hermes Inc. boosted its holdings in First Savings Financial Group by 73.4% in the third quarter. Federated Hermes Inc. now owns 846 shares of the bank’s stock worth $27,000 after acquiring an additional 358 shares in the last quarter. Ritholtz Wealth Management grew its stake in First Savings Financial Group by 38.0% in the third quarter. Ritholtz Wealth Management now owns 20,340 shares of the bank’s stock valued at $639,000 after acquiring an additional 5,599 shares during the period. CWM LLC acquired a new stake in First Savings Financial Group in the third quarter valued at approximately $54,000. Finally, Bridgeway Capital Management LLC increased its holdings in shares of First Savings Financial Group by 3.3% during the second quarter. Bridgeway Capital Management LLC now owns 53,648 shares of the bank’s stock valued at $1,343,000 after acquiring an additional 1,690 shares in the last quarter. Institutional investors own 35.22% of the company’s stock.

Analysts Set New Price Targets

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

First Savings Financial Group Stock Performance

Shares of FSFG stock opened at $33.98 on Thursday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.15 and a quick ratio of 1.12. The firm has a 50-day moving average of $32.73 and a 200-day moving average of $30.18. First Savings Financial Group, Inc. has a one year low of $21.63 and a one year high of $34.10. The company has a market cap of $238.37 million, a P/E ratio of 10.27 and a beta of 0.45.

First Savings Financial Group Announces Dividend

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

About First Savings Financial Group

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.