Short Interest in First Savings Financial Group, Inc. (NASDAQ:FSFG) Rises By 6.6%

First Savings Financial Group, Inc. (NASDAQ:FSFGGet Free Report) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 9,700 shares, a growth of 6.6% from the February 29th total of 9,100 shares. Based on an average daily volume of 6,400 shares, the days-to-cover ratio is currently 1.5 days.

First Savings Financial Group Stock Performance

Shares of FSFG traded down $0.08 on Tuesday, reaching $16.67. The company’s stock had a trading volume of 7,313 shares, compared to its average volume of 7,300. First Savings Financial Group has a 12-month low of $11.74 and a 12-month high of $18.54. The stock’s 50 day simple moving average is $16.96 and its two-hundred day simple moving average is $16.02. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.11 and a quick ratio of 1.10. The stock has a market capitalization of $114.69 million, a P/E ratio of 18.52 and a beta of 0.72.

First Savings Financial Group (NASDAQ:FSFGGet Free Report) last released its quarterly earnings results on Tuesday, January 30th. The bank reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.04. First Savings Financial Group had a return on equity of 7.99% and a net margin of 4.74%. The business had revenue of $16.90 million during the quarter, compared to analyst estimates of $19.70 million. Research analysts forecast that First Savings Financial Group will post 1.5 earnings per share for the current fiscal year.

First Savings Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from First Savings Financial Group’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.60%. First Savings Financial Group’s dividend payout ratio is 66.67%.

Analysts Set New Price Targets

Several brokerages recently weighed in on FSFG. StockNews.com started coverage on shares of First Savings Financial Group in a research report on Sunday. They set a “hold” rating for the company. Piper Sandler raised their target price on shares of First Savings Financial Group from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, February 6th.

Check Out Our Latest Report on FSFG

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FSFG. Dimensional Fund Advisors LP raised its holdings in First Savings Financial Group by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 51,312 shares of the bank’s stock valued at $1,259,000 after acquiring an additional 1,220 shares during the period. NewEdge Advisors LLC bought a new position in First Savings Financial Group in the 1st quarter worth approximately $472,000. Fourthstone LLC grew its holdings in First Savings Financial Group by 53.2% during the 1st quarter. Fourthstone LLC now owns 190,580 shares of the bank’s stock valued at $4,677,000 after buying an additional 66,173 shares in the last quarter. State Street Corp raised its position in shares of First Savings Financial Group by 8.2% during the first quarter. State Street Corp now owns 24,583 shares of the bank’s stock valued at $603,000 after buying an additional 1,853 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of First Savings Financial Group by 5,979.6% in the first quarter. BNP Paribas Arbitrage SA now owns 5,654 shares of the bank’s stock worth $818,000 after buying an additional 5,561 shares in the last quarter. Hedge funds and other institutional investors own 35.22% of the company’s stock.

About First Savings Financial Group

(Get Free Report)

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.

Recommended Stories

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.