Short Interest in First Savings Financial Group, Inc. (NASDAQ:FSFG) Declines By 15.4%

First Savings Financial Group, Inc. (NASDAQ:FSFG) was the target of a large decrease in short interest in January. As of January 30th, there was short interest totaling 54,018 shares, a decrease of 15.4% from the January 15th total of 63,818 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average trading volume of 22,532 shares, the short-interest ratio is presently 2.4 days. Based on an average trading volume of 22,532 shares, the short-interest ratio is presently 2.4 days. Approximately 0.9% of the shares of the company are short sold.

Analyst Ratings Changes

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

First Savings Financial Group Price Performance

Shares of FSFG opened at $33.98 on Monday. First Savings Financial Group has a 12 month low of $21.63 and a 12 month high of $34.10. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.15 and a quick ratio of 1.12. The stock has a fifty day moving average price of $32.82 and a 200 day moving average price of $30.33. The company has a market cap of $238.37 million, a P/E ratio of 10.27 and a beta of 0.45.

First Savings Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were given a $0.16 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.64 annualized dividend and a yield of 1.9%. First Savings Financial Group’s dividend payout ratio is 19.34%.

Hedge Funds Weigh In On First Savings Financial Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hillsdale Investment Management Inc. acquired a new stake in First Savings Financial Group in the second quarter worth about $265,000. Los Angeles Capital Management LLC bought a new stake in shares of First Savings Financial Group during the 2nd quarter worth about $372,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake 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 worth $880,000 after acquiring an additional 7,639 shares during the period. LSV Asset Management acquired a new stake in shares of First Savings Financial Group in the 2nd quarter worth approximately $110,000. Finally, Ritholtz Wealth Management bought a new position in shares of First Savings Financial Group in the second quarter valued at approximately $369,000. 35.22% of the stock is currently owned by institutional investors and hedge funds.

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.