First Savings Financial Group, Inc. (NASDAQ:FSFG – Get Rating) declared a quarterly dividend on Wednesday, August 31st, Zacks reports. Stockholders of record on Friday, September 16th will be given a dividend of 0.13 per share by the bank on Friday, September 30th. This represents a $0.52 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Thursday, September 15th.
First Savings Financial Group has raised its dividend payment by an average of 28.1% per year over the last three years and has raised its dividend annually for the last 9 consecutive years. First Savings Financial Group has a dividend payout ratio of 16.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect First Savings Financial Group to earn $3.04 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 17.1%.
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FSFG stock opened at $22.94 on Friday. The firm has a market cap of $162.67 million, a PE ratio of 8.76 and a beta of 0.73. First Savings Financial Group has a 12 month low of $22.65 and a 12 month high of $29.98. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.10 and a quick ratio of 0.96. The firm has a 50 day simple moving average of $23.64 and a 200 day simple moving average of $24.48.
First Savings Financial Group (NASDAQ:FSFG – Get Rating) last posted its quarterly earnings results on Monday, July 25th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.29). The company had revenue of $25.94 million during the quarter, compared to the consensus estimate of $28.80 million. First Savings Financial Group had a net margin of 14.54% and a return on equity of 10.55%. Equities research analysts forecast that First Savings Financial Group will post 2.67 earnings per share for the current fiscal year.Analyst Ratings Changes
FSFG has been the subject of a number of recent analyst reports. StockNews.com started coverage on First Savings Financial Group in a research report on Friday. They issued a "hold" rating for the company. Hovde Group started coverage on shares of First Savings Financial Group in a research report on Wednesday, May 18th. They issued an "outperform" rating and a $30.00 target price on the stock.
Insider Activity
In other First Savings Financial Group news, CEO Larry W. Myers purchased 3,468 shares of the company's stock in a transaction that occurred on Monday, June 13th. The shares were purchased at an average cost of $24.19 per share, with a total value of $83,890.92. Following the completion of the transaction, the chief executive officer now owns 84,687 shares of the company's stock, valued at $2,048,578.53. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 14.26% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FSFG. Dimensional Fund Advisors LP lifted its position in First Savings Financial Group by 2.4% in 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 in the last quarter. NewEdge Advisors LLC purchased a new stake in shares of First Savings Financial Group during the first quarter worth $472,000. Fourthstone LLC boosted its position in First Savings Financial Group by 53.2% during the first quarter. Fourthstone LLC now owns 190,580 shares of the bank's stock valued at $4,677,000 after purchasing an additional 66,173 shares during the last quarter. State Street Corp grew its stake in First Savings Financial Group by 8.2% in the first quarter. State Street Corp now owns 24,583 shares of the bank's stock valued at $603,000 after purchasing an additional 1,853 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in First Savings Financial Group by 5,979.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,654 shares of the bank's stock worth $818,000 after purchasing an additional 5,561 shares during the last quarter. 26.38% of the stock is owned by hedge funds and other institutional investors.
About First Savings Financial Group
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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.
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