First Savings Financial Group, Inc. (NASDAQ:FSFG) Short Interest Update

First Savings Financial Group, Inc. (NASDAQ:FSFG) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 7,900 shares, a decline of 9.2% from the August 15th total of 8,700 shares. Based on an average daily trading volume, of 8,800 shares, the days-to-cover ratio is presently 0.9 days.

Hedge Funds Weigh In On First Savings Financial Group

A hedge fund recently raised its stake in First Savings Financial Group stock. Empowered Funds LLC raised its position in First Savings Financial Group, Inc. (NASDAQ:FSFG) by 8.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,930 shares of the bank’s stock after buying an additional 2,209 shares during the period. Empowered Funds LLC owned about 0.44% of First Savings Financial Group worth $501,000 at the end of the most recent quarter. Institutional investors own 35.22% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on FSFG shares. StockNews.com initiated coverage on First Savings Financial Group in a report on Wednesday, August 14th. They issued a “buy” rating on the stock. Hovde Group started coverage on shares of First Savings Financial Group in a report on Wednesday, September 11th. They issued a “market perform” rating and a $24.00 price target on the stock. Finally, Piper Sandler raised their price target on shares of First Savings Financial Group from $20.00 to $26.50 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st.

First Savings Financial Group Stock Performance

FSFG traded down $0.05 during midday trading on Tuesday, hitting $23.84. 9,985 shares of the company were exchanged, compared to its average volume of 6,667. The firm has a market capitalization of $164.09 million, a price-to-earnings ratio of 22.07 and a beta of 0.74. The company’s 50 day simple moving average is $21.99 and its 200 day simple moving average is $18.40. The company has a current ratio of 1.16, a quick ratio of 1.09 and a debt-to-equity ratio of 2.83. First Savings Financial Group has a 1-year low of $13.20 and a 1-year high of $24.50.

First Savings Financial Group (NASDAQ:FSFG) last posted its earnings results on Thursday, July 25th. The bank reported $0.52 EPS for the quarter, topping the consensus estimate of $0.41 by $0.11. The firm had revenue of $17.73 million for the quarter, compared to analyst estimates of $17.60 million. First Savings Financial Group had a return on equity of 8.63% and a net margin of 6.90%. As a group, sell-side analysts predict that First Savings Financial Group will post 1.75 earnings per share for the current year.

First Savings Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Friday, September 13th. First Savings Financial Group’s dividend payout ratio (DPR) is 55.56%.

About First Savings Financial Group

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.