First Savings Financial Group (NASDAQ:FSFG) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of First Savings Financial Group, Inc. (NASDAQ:FSFG) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $20.58 and traded as high as $28.23. First Savings Financial Group shares last traded at $27.91, with a volume of 27,021 shares traded.

Analysts Set New Price Targets

FSFG has been the topic of a number of analyst reports. Hovde Group initiated coverage on shares of First Savings Financial Group in a research note on Wednesday, September 11th. They set a “market perform” rating and a $24.00 target price on the stock. Piper Sandler boosted their price target on shares of First Savings Financial Group from $27.50 to $31.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, StockNews.com raised shares of First Savings Financial Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 31st.

First Savings Financial Group Stock Performance

The stock has a market capitalization of $192.41 million, a PE ratio of 14.12 and a beta of 0.72. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.09 and a current ratio of 1.16. The firm’s 50 day moving average is $24.60 and its two-hundred day moving average is $20.67.

First Savings Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, September 13th. This represents a $0.60 annualized dividend and a yield of 2.15%. First Savings Financial Group’s payout ratio is 30.30%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First Savings Financial Group stock. Empowered Funds LLC boosted its holdings in First Savings Financial Group, Inc. (NASDAQ:FSFG) by 5.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,198 shares of the bank’s stock after buying an additional 1,608 shares during the quarter. Empowered Funds LLC owned approximately 0.47% of First Savings Financial Group worth $767,000 at the end of the most recent quarter. 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.