First Savings Financial Group, Inc. (NASDAQ:FSFG) Short Interest Update

First Savings Financial Group, Inc. (NASDAQ:FSFG) was the recipient of a significant decline in short interest in January. As of January 31st, there was short interest totalling 14,200 shares, a decline of 8.4% from the January 15th total of 15,500 shares. Based on an average trading volume of 17,500 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its holdings in First Savings Financial Group by 130.8% in 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of First Savings Financial Group during the 4th quarter worth about $76,000. Barclays PLC increased its holdings in shares of First Savings Financial Group by 72.9% during 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 during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of First Savings Financial Group in the 4th quarter valued at approximately $153,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in First Savings Financial Group in the 4th quarter worth approximately $231,000. Institutional investors own 35.22% of the company’s stock.

First Savings Financial Group Stock Up 0.6 %

Shares of NASDAQ:FSFG traded up $0.16 during trading on Tuesday, reaching $24.98. 9,964 shares of the company traded hands, compared to its average volume of 10,305. The firm has a fifty day simple moving average of $25.72 and a 200 day simple moving average of $25.47. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.99. First Savings Financial Group has a 1-year low of $14.55 and a 1-year high of $30.94. The firm has a market cap of $172.61 million, a P/E ratio of 9.12 and a beta of 0.74.

First Savings Financial Group (NASDAQ:FSFG) last posted its quarterly earnings results on Tuesday, January 28th. The bank reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.06). First Savings Financial Group had a return on equity of 8.86% and a net margin of 13.34%. Analysts anticipate that First Savings Financial Group will post 2.45 earnings per share for the current fiscal year.

First Savings Financial Group Dividend Announcement

The firm 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 2.40%. The ex-dividend date was Monday, December 16th. First Savings Financial Group’s dividend payout ratio is 21.90%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FSFG. StockNews.com cut shares of First Savings Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 14th. Piper Sandler decreased their price target on shares of First Savings Financial Group from $33.00 to $30.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st.

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.