Connor Clark & Lunn Investment Management Ltd. bought a new stake in First Savings Financial Group, Inc. (NASDAQ:FSFG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 22,488 shares of the bank's stock, valued at approximately $597,000. Connor Clark & Lunn Investment Management Ltd. owned 0.33% of First Savings Financial Group as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Fourthstone LLC lifted 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 purchasing an additional 134,029 shares during the last quarter. Cerity Partners LLC increased 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 buying an additional 42,696 shares in the last quarter. Geode Capital Management LLC raised its stake in 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. Empowered Funds LLC boosted its holdings 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 acquiring an additional 1,608 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of First Savings Financial Group by 72.9% in the third quarter. Barclays PLC now owns 3,396 shares of the bank's stock worth $81,000 after acquiring an additional 1,432 shares during the last quarter. 35.22% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the company. Maxim Group set a $28.00 price target on First Savings Financial Group and gave the stock a "buy" rating in a research report on Tuesday, February 4th. StockNews.com cut shares of First Savings Financial Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, January 14th. Finally, Piper Sandler cut 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 report on Friday, January 31st.
Get Our Latest Research Report on FSFG
First Savings Financial Group Stock Performance
Shares of NASDAQ:FSFG traded down $0.36 during midday trading on Wednesday, reaching $25.01. 8,068 shares of the company's stock traded hands, compared to its average volume of 10,222. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.07 and a current ratio of 1.08. First Savings Financial Group, Inc. has a one year low of $14.55 and a one year high of $30.94. The company has a market cap of $172.94 million, a price-to-earnings ratio of 9.13 and a beta of 0.75. The stock has a 50 day moving average of $24.93 and a 200 day moving average of $25.83.
First Savings Financial Group (NASDAQ:FSFG - Get Free Report) last posted its earnings results on Tuesday, January 28th. The bank reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.06). First Savings Financial Group had a net margin of 13.34% and a return on equity of 8.79%. As a group, equities research analysts anticipate that First Savings Financial Group, Inc. will post 2.45 EPS for the current fiscal year.
First Savings Financial Group Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from First Savings Financial Group's previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a yield of 2.56%. First Savings Financial Group's payout ratio is currently 23.36%.
About First Savings Financial Group
(
Free Report)
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.
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