First Savings Financial Group (NASDAQ:FSFG) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

First Savings Financial Group, Inc. (NASDAQ:FSFG)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $24.72 and traded as high as $25.77. First Savings Financial Group shares last traded at $25.58, with a volume of 17,761 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FSFG. Piper Sandler upped their price target on First Savings Financial Group from $27.50 to $31.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. StockNews.com lowered shares of First Savings Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 14th.

First Savings Financial Group Price Performance

The company has a debt-to-equity ratio of 1.99, a current ratio of 1.08 and a quick ratio of 1.07. The firm’s 50 day simple moving average is $27.64 and its 200 day simple moving average is $24.72. The stock has a market capitalization of $176.76 million, a PE ratio of 12.92 and a beta of 0.75.

First Savings Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend was Monday, December 16th. First Savings Financial Group’s dividend payout ratio (DPR) is presently 30.30%.

Hedge Funds Weigh In On First Savings Financial Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC raised its stake in shares of First Savings Financial Group by 72.9% during 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 during the last quarter. Empowered Funds LLC grew its stake in First Savings Financial Group by 5.3% in the third quarter. Empowered Funds LLC now owns 32,198 shares of the bank’s stock worth $767,000 after purchasing an additional 1,608 shares during the period. Geode Capital Management LLC raised its holdings in First Savings Financial Group by 1.2% in the third quarter. Geode Capital Management LLC now owns 58,253 shares of the bank’s stock worth $1,387,000 after purchasing an additional 690 shares in the last quarter. Cerity Partners LLC lifted its position in First Savings Financial Group by 166.0% during 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 during the period. Finally, Fourthstone LLC grew 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 worth $5,111,000 after buying an additional 134,029 shares during the last quarter. 35.22% of the stock is currently owned by institutional investors.

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.