First Savings Financial Group (NASDAQ:FSFG) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of First Savings Financial Group (NASDAQ:FSFG) in a research report sent to investors on Wednesday. The brokerage issued a hold rating on the bank’s stock.

First Savings Financial Group Stock Down 0.3 %

Shares of FSFG stock opened at $16.45 on Wednesday. The stock has a market cap of $113.18 million, a P/E ratio of 15.23 and a beta of 0.73. First Savings Financial Group has a one year low of $11.90 and a one year high of $18.54. The stock has a fifty day moving average price of $16.20 and a 200 day moving average price of $16.51. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.09 and a quick ratio of 1.08.

First Savings Financial Group (NASDAQ:FSFG) last issued its earnings results on Thursday, April 25th. The bank reported $0.52 EPS for the quarter, topping the consensus estimate of $0.43 by $0.09. The firm had revenue of $18.05 million during the quarter, compared to analysts’ expectations of $18.00 million. First Savings Financial Group had a return on equity of 7.91% and a net margin of 5.59%. Analysts predict that First Savings Financial Group will post 1.5 earnings per share for the current year.

First Savings Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, June 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.65%. First Savings Financial Group’s payout ratio is presently 55.56%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First Savings Financial Group stock. Empowered Funds LLC raised its stake in shares of First Savings Financial Group, Inc. (NASDAQ:FSFG) by 8.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,930 shares of the bank’s stock after acquiring an additional 2,209 shares during the quarter. Empowered Funds LLC owned approximately 0.44% of First Savings Financial Group worth $501,000 as of its most recent filing with the SEC. 35.22% of the stock is currently owned by institutional investors and hedge funds.

About First Savings Financial Group

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.