StockNews.com began coverage on shares of First Savings Financial Group (NASDAQ:FSFG – Get Rating) in a research report report published on Friday. The firm issued a hold rating on the bank's stock.

Separately, Hovde Group assumed coverage on First Savings Financial Group in a research report on Wednesday, May 18th. They issued an outperform rating and a $30.00 price objective for the company.

First Savings Financial Group Price Performance

Shares of NASDAQ:FSFG opened at $23.07 on Friday. The business has a 50 day moving average price of $23.64 and a 200 day moving average price of $24.48. First Savings Financial Group has a twelve month low of $22.65 and a twelve month high of $29.98. The company has a market cap of $163.59 million, a price-to-earnings ratio of 8.81 and a beta of 0.73. The company has a quick ratio of 0.96, a current ratio of 1.10 and a debt-to-equity ratio of 2.68.

First Savings Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be given a $0.13 dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.25%. First Savings Financial Group's dividend payout ratio is currently 19.85%.

Insiders Place Their Bets

In other news, CEO Larry W. Myers acquired 3,468 shares of First Savings Financial Group stock in a transaction on Monday, June 13th. The stock was bought at an average price of $24.19 per share, for a total transaction of $83,890.92. Following the transaction, the chief executive officer now owns 84,687 shares of the company's stock, valued at $2,048,578.53. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 14.26% of the company's stock.

Hedge Funds Weigh In On First Savings Financial Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Fourthstone LLC lifted its position in shares of First Savings Financial Group by 53.2% during the 1st quarter. Fourthstone LLC now owns 190,580 shares of the bank's stock worth $4,677,000 after buying an additional 66,173 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of First Savings Financial Group by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 51,312 shares of the bank's stock worth $1,259,000 after buying an additional 1,220 shares during the period. Strategic Value Bank Partners LLC bought a new position in shares of First Savings Financial Group during the 2nd quarter worth approximately $1,152,000. State Street Corp lifted its position in shares of First Savings Financial Group by 8.2% during the 1st quarter. State Street Corp now owns 24,583 shares of the bank's stock worth $603,000 after buying an additional 1,853 shares during the period. Finally, Petiole USA ltd bought a new position in shares of First Savings Financial Group during the 4th quarter worth approximately $590,000. Institutional investors own 26.38% of the company's stock.

About First Savings Financial Group

(Get Rating)

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.

Featured Stories

• Get a free copy of the StockNews.com research report on First Savings Financial Group (FSFG)
• Forget Bitcoin, Block's Ecosystems are the Real Growth Drivers
• What Does an Inverted Yield Curve Mean For You?
• SPY vs. QQQ: Which ETF Wins in 2022?
• Could Snap Stock Rebound As Management Restructures?
• MarketBeat: Week in Review 8/29 – 9/2

Receive News & Ratings for First Savings Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Savings Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.