First Savings Financial Group (NASDAQ:FSFG) Stock Price Passes Above Two Hundred Day Moving Average of $16.64

Shares of First Savings Financial Group, Inc. (NASDAQ:FSFG) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $16.64 and traded as high as $18.00. First Savings Financial Group shares last traded at $17.99, with a volume of 1,641 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on First Savings Financial Group in a research note on Friday. They issued a “hold” rating for the company.

First Savings Financial Group Price Performance

The company has a current ratio of 1.09, a quick ratio of 1.08 and a debt-to-equity ratio of 2.21. The firm has a market cap of $123.83 million, a PE ratio of 16.66 and a beta of 0.73. The stock has a 50 day simple moving average of $16.59 and a 200-day simple moving average of $16.64.

First Savings Financial Group (NASDAQ:FSFG) last issued its quarterly earnings results on Thursday, April 25th. The bank reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.09. The business had revenue of $18.05 million during the quarter, compared to analyst estimates of $18.00 million. First Savings Financial Group had a return on equity of 7.91% and a net margin of 5.59%. Equities analysts anticipate that First Savings Financial Group, Inc. will post 1.5 earnings per share for the current fiscal year.

First Savings Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $0.15 per share. The ex-dividend date was Friday, June 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.34%. First Savings Financial Group’s payout ratio is 55.56%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First Savings Financial Group stock. Empowered Funds LLC grew its position in shares of First Savings Financial Group, Inc. (NASDAQ:FSFG) by 8.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,930 shares of the bank’s stock after purchasing an additional 2,209 shares during the period. Empowered Funds LLC owned approximately 0.44% of First Savings Financial Group worth $501,000 at the end of the most recent reporting period. 35.22% of the stock is currently owned by hedge funds and other 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.