First Savings Financial Group (NASDAQ:FSFG) Stock Passes Above 200 Day Moving Average – What’s Next?

First Savings Financial Group, Inc. (NASDAQ:FSFG)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $29.71 and traded as high as $33.98. First Savings Financial Group shares last traded at $33.98, with a volume of 117,623 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of First Savings Financial Group in a research report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $32.33.

First Savings Financial Group Stock Performance

The firm has a market cap of $238.54 million, a PE ratio of 10.27 and a beta of 0.45. The company has a 50 day simple moving average of $32.28 and a 200-day simple moving average of $29.74. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.15 and a quick ratio of 1.12.

First Savings Financial Group (NASDAQ:FSFG) last released its quarterly earnings results on Thursday, October 30th. The bank reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.06. The business had revenue of $21.79 million for the quarter, compared to analysts’ expectations of $17.21 million. First Savings Financial Group had a net margin of 15.82% and a return on equity of 11.51%. As a group, equities research analysts anticipate that First Savings Financial Group, Inc. will post 2.45 EPS for the current year.

First Savings Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.64 annualized dividend and a dividend yield of 1.9%. First Savings Financial Group’s dividend payout ratio (DPR) is 19.34%.

Hedge Funds Weigh In On First Savings Financial Group

Several hedge funds and other institutional investors have recently modified their holdings of FSFG. Hillsdale Investment Management Inc. purchased a new stake in shares of First Savings Financial Group in the second quarter worth $265,000. Los Angeles Capital Management LLC purchased a new position in shares of First Savings Financial Group during the second quarter worth approximately $372,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of First Savings Financial Group by 27.8% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 35,124 shares of the bank’s stock valued at $880,000 after purchasing an additional 7,639 shares in the last quarter. LSV Asset Management purchased a new stake in shares of First Savings Financial Group during the second quarter worth about $110,000. Finally, Ritholtz Wealth Management acquired a new stake in First Savings Financial Group during the 2nd quarter worth about $369,000. 35.22% of the stock is owned by institutional investors.

First Savings Financial Group Company Profile

First Savings Financial Group, Inc is a bank holding company headquartered in Fairfield, Iowa, serving as the parent of First Savings Bank. The company operates as a community-based financial services provider, offering banking and financial products to individuals, small businesses, and agricultural clients in its regional markets.

Through its subsidiary First Savings Bank, the company delivers a suite of deposit and lending solutions that includes checking and savings accounts, consumer and residential mortgage loans, commercial and agricultural lending, and treasury management services.