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

First Savings Financial Group, Inc. (NASDAQ:FSFG) saw a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 6,100 shares, a decline of 11.6% from the November 15th total of 6,900 shares. Based on an average daily volume of 15,600 shares, the short-interest ratio is presently 0.4 days.

First Savings Financial Group Stock Performance

FSFG traded down $0.86 on Friday, reaching $28.13. The company had a trading volume of 8,747 shares, compared to its average volume of 9,111. First Savings Financial Group has a fifty-two week low of $14.55 and a fifty-two week high of $30.94. The stock has a market cap of $193.53 million, a P/E ratio of 14.21 and a beta of 0.73. The company’s fifty day moving average is $27.44 and its 200 day moving average is $23.00. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.09 and a current ratio of 1.16.

First Savings Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.60 dividend on an annualized basis and a yield of 2.13%. First Savings Financial Group’s dividend payout ratio (DPR) is currently 30.30%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its holdings in First Savings Financial Group by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 58,253 shares of the bank’s stock valued at $1,387,000 after purchasing an additional 690 shares during the period. Barclays PLC boosted its holdings in First Savings Financial Group by 72.9% in the 3rd quarter. Barclays PLC now owns 3,396 shares of the bank’s stock valued at $81,000 after purchasing an additional 1,432 shares during the period. Empowered Funds LLC boosted its holdings in First Savings Financial Group by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 32,198 shares of the bank’s stock valued at $767,000 after purchasing an additional 1,608 shares during the period. Cerity Partners LLC boosted its holdings in First Savings Financial Group by 166.0% in the 3rd quarter. Cerity Partners LLC now owns 68,421 shares of the bank’s stock valued at $1,629,000 after purchasing an additional 42,696 shares during the period. Finally, Fourthstone LLC boosted its holdings in First Savings Financial Group by 166.2% in the 3rd quarter. Fourthstone LLC now owns 214,671 shares of the bank’s stock valued at $5,111,000 after purchasing an additional 134,029 shares during the period. Institutional investors and hedge funds own 35.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on FSFG shares. Piper Sandler boosted their price objective on shares of First Savings Financial Group from $27.50 to $31.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Hovde Group started coverage on shares of First Savings Financial Group in a research note on Wednesday, September 11th. They set a “market perform” rating and a $24.00 price objective on the stock. Finally, StockNews.com upgraded shares of First Savings Financial Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th.

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.