First Savings Financial Group (NASDAQ:FSFG) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

First Savings Financial Group, Inc. (NASDAQ:FSFG)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $24.25 and traded as high as $26.49. First Savings Financial Group shares last traded at $25.89, with a volume of 9,142 shares.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Piper Sandler raised their price objective on First Savings Financial Group from $27.50 to $31.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. StockNews.com downgraded First Savings Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 2nd.

First Savings Financial Group Stock Performance

The company has a market capitalization of $178.59 million, a price-to-earnings ratio of 13.08 and a beta of 0.75. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.09 and a current ratio of 1.16. The firm has a 50-day simple moving average of $28.01 and a two-hundred day simple moving average of $24.25.

First Savings Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.32%. The ex-dividend date was Monday, December 16th. First Savings Financial Group’s dividend payout ratio is currently 30.30%.

Hedge Funds Weigh In On First Savings Financial Group

Institutional investors have recently bought and sold shares of the company. Barclays PLC grew its position in First Savings Financial Group by 72.9% in the 3rd quarter. Barclays PLC now owns 3,396 shares of the bank’s stock valued at $81,000 after acquiring an additional 1,432 shares in the last quarter. Empowered Funds LLC grew its position in First Savings Financial Group by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 32,198 shares of the bank’s stock valued at $767,000 after acquiring an additional 1,608 shares in the last quarter. Geode Capital Management LLC grew its position in First Savings Financial Group by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 58,253 shares of the bank’s stock valued at $1,387,000 after acquiring an additional 690 shares in the last quarter. Cerity Partners LLC grew its position in First Savings Financial Group by 166.0% in the 3rd quarter. Cerity Partners LLC now owns 68,421 shares of the bank’s stock valued at $1,629,000 after acquiring an additional 42,696 shares in the last quarter. Finally, Fourthstone LLC boosted its stake in shares of First Savings Financial Group by 166.2% in the 3rd quarter. Fourthstone LLC now owns 214,671 shares of the bank’s stock valued at $5,111,000 after buying an additional 134,029 shares during the period. 35.22% of the stock is owned by institutional investors and hedge funds.

First Savings Financial Group Company Profile

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.