First Savings Financial Group, Inc. Announces Quarterly Dividend of $0.15 (NASDAQ:FSFG)

First Savings Financial Group, Inc. (NASDAQ:FSFG) declared a quarterly dividend on Monday, December 2nd,Wall Street Journal reports. Stockholders of record on Monday, December 16th will be given a dividend of 0.15 per share by the bank on Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Monday, December 16th.

First Savings Financial Group has increased its dividend payment by an average of 35.2% annually over the last three years and has raised its dividend annually for the last 11 consecutive years. First Savings Financial Group has a payout ratio of 21.1% meaning its dividend is sufficiently covered by earnings. Analysts expect First Savings Financial Group to earn $2.75 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 21.8%.

First Savings Financial Group Stock Up 0.4 %

First Savings Financial Group stock traded up $0.13 during midday trading on Tuesday, hitting $30.23. 1,390 shares of the stock were exchanged, compared to its average volume of 8,926. First Savings Financial Group has a 1 year low of $14.55 and a 1 year high of $30.46. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.16 and a quick ratio of 1.09. The firm has a market cap of $207.98 million, a P/E ratio of 15.20 and a beta of 0.73. The company has a 50 day moving average price of $26.40 and a two-hundred day moving average price of $22.22.

Analysts Set New Price Targets

Several research firms recently commented on FSFG. Hovde Group initiated coverage on First Savings Financial Group in a research note on Wednesday, September 11th. They issued a “market perform” rating and a $24.00 price target on the stock. Piper Sandler increased their target price on 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 upgraded shares of First Savings Financial Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th.

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.