First Savings Financial Group (NASDAQ:FSFG) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

First Savings Financial Group, Inc. (NASDAQ:FSFG) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $25.89 and traded as high as $26.28. First Savings Financial Group shares last traded at $25.76, with a volume of 9,773 shares traded.

Analyst Upgrades and Downgrades

FSFG has been the subject of several research reports. StockNews.com downgraded First Savings Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 14th. Maxim Group set a $28.00 price objective on shares of First Savings Financial Group and gave the company a “buy” rating in a report on Tuesday, February 4th. Finally, Piper Sandler reduced their target price on shares of First Savings Financial Group from $33.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, January 31st.

First Savings Financial Group Stock Performance

The stock has a market capitalization of $180.00 million, a P/E ratio of 9.50 and a beta of 0.75. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 1.96. The company has a 50-day moving average price of $24.97 and a two-hundred day moving average price of $25.91.

First Savings Financial Group (NASDAQ:FSFG) last issued its earnings results on Tuesday, January 28th. The bank reported $0.62 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.06). First Savings Financial Group had a net margin of 13.34% and a return on equity of 8.79%. On average, equities analysts forecast that First Savings Financial Group, Inc. will post 2.45 earnings per share for the current year.

First Savings Financial Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from First Savings Financial Group’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a dividend yield of 2.46%. First Savings Financial Group’s payout ratio is presently 23.36%.

Institutional Investors Weigh In On First Savings Financial Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC boosted its holdings in First Savings Financial Group by 130.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 990 shares of the bank’s stock worth $26,000 after purchasing an additional 561 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of First Savings Financial Group in the 4th quarter worth approximately $76,000. Barclays PLC grew its holdings in shares of First Savings Financial Group by 72.9% in the third 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. Cubist Systematic Strategies LLC purchased a new stake in shares of First Savings Financial Group during the fourth quarter valued at approximately $153,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in First Savings Financial Group during the fourth quarter worth $231,000. 35.22% of the stock is owned by hedge funds and other institutional investors.

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.