First Savings Financial Group, Inc. (NASDAQ:FSFG) Sees Large Decrease in Short Interest

First Savings Financial Group, Inc. (NASDAQ:FSFG) was the target of a significant decline in short interest during the month of 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 daily trading volume, of 17,500 shares, the short-interest ratio is presently 0.8 days.

First Savings Financial Group Stock Performance

First Savings Financial Group stock traded up $0.16 during mid-day trading on Tuesday, reaching $24.98. The company’s stock had a trading volume of 9,964 shares, compared to its average volume of 10,305. The firm has a market cap of $172.61 million, a price-to-earnings ratio of 9.12 and a beta of 0.74. First Savings Financial Group has a twelve month low of $14.55 and a twelve month high of $30.94. The business has a 50 day moving average price of $25.72 and a 200-day moving average price of $25.47. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 1.99.

First Savings Financial Group (NASDAQ:FSFG) last announced its quarterly earnings data 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 net margin of 13.34% and a return on equity of 8.86%. Sell-side analysts predict that First Savings Financial Group will post 2.45 EPS for the current fiscal year.

First Savings Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.15 per share. The ex-dividend date was Monday, December 16th. This represents a $0.60 dividend on an annualized basis and a yield of 2.40%. First Savings Financial Group’s dividend payout ratio is currently 21.90%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Fourthstone LLC boosted its holdings in shares of First Savings Financial Group by 166.2% during the third quarter. Fourthstone LLC now owns 214,671 shares of the bank’s stock valued at $5,111,000 after acquiring an additional 134,029 shares during the period. Susquehanna International Group LLP boosted its stake in First Savings Financial Group by 617.6% during the 4th quarter. Susquehanna International Group LLP now owns 71,617 shares of the bank’s stock valued at $1,902,000 after purchasing an additional 61,637 shares during the period. Cerity Partners LLC grew its position in First Savings Financial Group by 1.8% in the 4th quarter. Cerity Partners LLC now owns 69,621 shares of the bank’s stock worth $1,849,000 after purchasing an additional 1,200 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of First Savings Financial Group by 27.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 61,169 shares of the bank’s stock valued at $1,624,000 after purchasing an additional 13,175 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of First Savings Financial Group by 1.2% during the third quarter. Geode Capital Management LLC now owns 58,253 shares of the bank’s stock valued at $1,387,000 after buying an additional 690 shares during the last quarter. 35.22% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. StockNews.com lowered shares of First Savings Financial Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 14th. Piper Sandler decreased their price target on First Savings Financial Group from $33.00 to $30.00 and set an “overweight” rating for the company in a research note 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.