Stock Yards Bank & Trust Co. Sells 500 Shares of First Savings Financial Group, Inc. (NASDAQ:FSFG)

Stock Yards Bank & Trust Co. cut its holdings in First Savings Financial Group, Inc. (NASDAQ:FSFG) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,500 shares of the bank’s stock after selling 500 shares during the quarter. Stock Yards Bank & Trust Co. owned about 0.22% of First Savings Financial Group worth $412,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FSFG. Barclays PLC lifted its stake in shares of First Savings Financial Group by 72.9% in the 3rd quarter. Barclays PLC now owns 3,396 shares of the bank’s stock valued at $81,000 after purchasing an additional 1,432 shares during the last quarter. Empowered Funds LLC lifted its position in shares of First Savings Financial Group by 5.3% in the third quarter. Empowered Funds LLC now owns 32,198 shares of the bank’s stock worth $767,000 after buying an additional 1,608 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of First Savings Financial Group by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 58,253 shares of the bank’s stock worth $1,387,000 after acquiring an additional 690 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of First Savings Financial Group by 166.0% during the 3rd quarter. Cerity Partners LLC now owns 68,421 shares of the bank’s stock valued at $1,629,000 after acquiring an additional 42,696 shares during the last quarter. Finally, Fourthstone LLC raised its stake in shares of First Savings Financial Group by 166.2% in the 3rd quarter. Fourthstone LLC now owns 214,671 shares of the bank’s stock valued at $5,111,000 after acquiring an additional 134,029 shares in the last quarter. 35.22% of the stock is owned by institutional investors.

First Savings Financial Group Stock Performance

FSFG opened at $23.51 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.99. The stock’s 50 day moving average price is $26.94 and its two-hundred day moving average price is $25.13. The firm has a market capitalization of $162.45 million, a P/E ratio of 8.58 and a beta of 0.74. First Savings Financial Group, Inc. has a 12-month low of $14.55 and a 12-month high of $30.94.

First Savings Financial Group (NASDAQ:FSFG) last announced its earnings results on Tuesday, January 28th. The bank reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.06). First Savings Financial Group had a return on equity of 8.86% and a net margin of 13.34%. On average, equities analysts forecast that First Savings Financial Group, Inc. will post 2.65 earnings per share for the current year.

First Savings Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend was Monday, December 16th. First Savings Financial Group’s payout ratio is presently 21.90%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on FSFG shares. Piper Sandler lowered their price target on First Savings Financial Group from $33.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday. StockNews.com lowered shares of First Savings Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 14th.

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.