First Savings Financial Group, Inc. (NASDAQ:FSFG) Increases Dividend to $0.16 Per Share

First Savings Financial Group, Inc. (NASDAQ:FSFG - Get Free Report) announced a quarterly dividend on Wednesday, February 26th, RTT News reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.16 per share by the bank on Monday, March 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date is Friday, March 14th. This is a boost from First Savings Financial Group's previous quarterly dividend of $0.15.

First Savings Financial Group has increased its dividend payment by an average of 12.6% per year over the last three years and has increased its dividend every year for the last 11 years. First Savings Financial Group has a payout ratio of 20.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect First Savings Financial Group to earn $2.60 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 23.1%.

First Savings Financial Group Price Performance

Shares of NASDAQ:FSFG traded down $0.58 during midday trading on Tuesday, reaching $25.22. 12,568 shares of the company were exchanged, compared to its average volume of 9,870. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 1.96. The business's fifty day moving average is $25.16 and its two-hundred day moving average is $25.67. First Savings Financial Group has a one year low of $14.55 and a one year high of $30.94. The stock has a market cap of $174.40 million, a PE ratio of 9.20 and a beta of 0.74.

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First Savings Financial Group (NASDAQ:FSFG - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $0.62 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, analysts predict that First Savings Financial Group will post 2.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FSFG. Maxim Group set a $28.00 target price on shares of First Savings Financial Group and gave the stock a "buy" rating in a report on Tuesday, February 4th. Piper Sandler lowered their target price on shares of First Savings Financial Group from $33.00 to $30.00 and set an "overweight" rating for the company in a report on Friday, January 31st. Finally, 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.

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.