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First Savings Financial Group (NASDAQ:FSFG) Share Price Crosses Below Two Hundred Day Moving Average of $24.32

Defense World · Sep 10, 2022 03:41

First Savings Financial Group, Inc. (NASDAQ:FSFG – Get Rating)'s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $24.32 and traded as low as $22.86. First Savings Financial Group shares last traded at $23.00, with a volume of 2,453 shares.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on FSFG shares. StockNews.com started coverage on First Savings Financial Group in a research report on Saturday. They set a "hold" rating on the stock. Hovde Group started coverage on 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.

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First Savings Financial Group Trading Up 0.1 %

The company has a current ratio of 1.10, a quick ratio of 0.96 and a debt-to-equity ratio of 2.68. The stock has a market capitalization of $163.09 million, a price-to-earnings ratio of 8.78 and a beta of 0.73. The firm has a 50-day moving average of $23.53 and a 200 day moving average of $24.32.

First Savings Financial Group (NASDAQ:FSFG – Get Rating) last posted its earnings results on Monday, July 25th. The bank reported $0.37 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.29). First Savings Financial Group had a net margin of 14.54% and a return on equity of 10.55%. The business had revenue of $25.94 million during the quarter, compared to analyst estimates of $28.80 million. As a group, equities analysts predict that First Savings Financial Group, Inc. will post 2.67 EPS for the current fiscal year.

First Savings Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Thursday, September 15th. First Savings Financial Group's payout ratio is currently 19.85%.

Insider Buying and Selling at First Savings Financial Group

In other news, CEO Larry W. Myers purchased 3,468 shares of the firm's stock in a transaction on Monday, June 13th. The stock was purchased at an average cost of $24.19 per share, with a total value of $83,890.92. Following the purchase, the chief executive officer now owns 84,687 shares in the company, valued at approximately $2,048,578.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 14.26% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On First Savings Financial Group

Several large investors have recently modified their holdings of FSFG. Renaissance Technologies LLC boosted its stake in shares of First Savings Financial Group by 5.0% during the 2nd quarter. Renaissance Technologies LLC now owns 16,700 shares of the bank's stock worth $400,000 after acquiring an additional 800 shares in the last quarter. NewEdge Advisors LLC bought a new stake in shares of First Savings Financial Group during the 1st quarter worth $472,000. Petiole USA ltd bought a new stake in shares of First Savings Financial Group during the 4th quarter worth $590,000. State Street Corp boosted its stake 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 acquiring an additional 1,853 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of First Savings Financial Group by 5,979.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,654 shares of the bank's stock worth $818,000 after acquiring an additional 5,561 shares in the last quarter. 26.38% of the stock is owned by 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.