First Savings Financial Group Inc (NASDAQ:FSFG) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totalling 47,300 shares, a growth of 13.4% from the May 30th total of 41,700 shares. Based on an average daily volume of 7,000 shares, the short-interest ratio is presently 6.8 days. Approximately 2.9% of the shares of the company are sold short.
In other news, Director Frank Czeschin bought 3,592 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were acquired at an average price of $58.98 per share, for a total transaction of $211,856.16. Following the completion of the transaction, the director now owns 1,794 shares of the company’s stock, valued at $105,810.12. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last quarter, insiders have bought 5,317 shares of company stock worth $309,367 and have sold 693 shares worth $40,311. 17.30% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FSFG. BlackRock Inc. raised its holdings in shares of First Savings Financial Group by 5.4% during the fourth quarter. BlackRock Inc. now owns 82,272 shares of the bank’s stock valued at $4,273,000 after acquiring an additional 4,184 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of First Savings Financial Group by 13.8% during the fourth quarter. Geode Capital Management LLC now owns 7,342 shares of the bank’s stock valued at $381,000 after acquiring an additional 891 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of First Savings Financial Group during the first quarter valued at approximately $126,000. 27.57% of the stock is currently owned by hedge funds and other institutional investors.
FSFG opened at $60.00 on Tuesday. The business’s 50-day moving average price is $59.07. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.04 and a quick ratio of 0.98. First Savings Financial Group has a one year low of $45.36 and a one year high of $74.30. The firm has a market capitalization of $139.59 million, a PE ratio of 11.05 and a beta of 0.35.
First Savings Financial Group (NASDAQ:FSFG) last released its quarterly earnings results on Monday, April 29th. The bank reported $1.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.23. First Savings Financial Group had a return on equity of 12.36% and a net margin of 18.27%. The firm had revenue of $16.95 million for the quarter.
The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend was Thursday, June 13th.
About First Savings Financial Group
First Savings Financial Group, Inc operates as the holding company for First Savings Bank that provides various banking products and services to consumers and businesses in southern Indiana. The company operates through Core Banking and SBA Lending segments. It accepts deposits, such as checking accounts, NOW and money market accounts, regular savings accounts, and time deposits.
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