First Savings Financial Group (NASDAQ:FSFG) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of First Savings Financial Group (NASDAQ:FSFG) in a report released on Wednesday. The brokerage issued a buy rating on the bank’s stock.

Separately, Piper Sandler boosted their price target on 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 Up 1.1 %

First Savings Financial Group stock opened at $23.00 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 1.08 and a debt-to-equity ratio of 2.21. First Savings Financial Group has a 1-year low of $13.20 and a 1-year high of $23.99. The company has a fifty day simple moving average of $19.15 and a 200 day simple moving average of $17.39. The company has a market cap of $158.31 million, a P/E ratio of 21.30 and a beta of 0.73.

First Savings Financial Group (NASDAQ:FSFG) last announced its quarterly earnings data on Thursday, July 25th. The bank reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.11. The company had revenue of $17.73 million during the quarter, compared to analysts’ expectations of $17.60 million. First Savings Financial Group had a return on equity of 8.73% and a net margin of 6.90%. Research analysts anticipate that First Savings Financial Group will post 1.75 earnings per share for the current fiscal year.

First Savings Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend was Friday, June 14th. First Savings Financial Group’s dividend payout ratio is currently 55.56%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in First Savings Financial Group stock. Empowered Funds LLC increased its holdings in shares of First Savings Financial Group, Inc. (NASDAQ:FSFG) by 8.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 29,930 shares of the bank’s stock after purchasing an additional 2,209 shares during the period. Empowered Funds LLC owned 0.44% of First Savings Financial Group worth $501,000 as of its most recent filing with the SEC. Institutional investors own 35.22% of the company’s stock.

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.