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

First Savings Financial Group, Inc. (NASDAQ:FSFG - Get Free Report) saw a significant drop in short interest in January. As of January 31st, there was short interest totalling 14,200 shares, a drop of 8.4% from the January 15th total of 15,500 shares. Based on an average daily trading volume, of 17,500 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On First Savings Financial Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. bought a new position in First Savings Financial Group during the fourth quarter worth about $76,000. Millennium Management LLC acquired a new stake in shares of First Savings Financial Group during the fourth quarter worth about $1,041,000. Cubist Systematic Strategies LLC acquired a new stake in shares of First Savings Financial Group during the fourth quarter worth about $153,000. Citadel Advisors LLC acquired a new stake in shares of First Savings Financial Group during the fourth quarter worth about $287,000. Finally, Bank of America Corp DE raised its position in shares of First Savings Financial Group by 13.9% during the fourth quarter. Bank of America Corp DE now owns 19,282 shares of the bank's stock worth $512,000 after purchasing an additional 2,349 shares during the period. Institutional investors own 35.22% of the company's stock.

First Savings Financial Group Trading Down 1.5 %

First Savings Financial Group stock traded down $0.38 during mid-day trading on Friday, hitting $24.50. The stock had a trading volume of 12,361 shares, compared to its average volume of 10,074. The stock has a 50-day simple moving average of $25.49 and a two-hundred day simple moving average of $25.49. The stock has a market capitalization of $169.30 million, a PE ratio of 8.94 and a beta of 0.74. First Savings Financial Group has a 12 month low of $14.55 and a 12 month high of $30.94. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 1.96.

First Savings Financial Group (NASDAQ:FSFG - Get Free Report) last issued its earnings results on Tuesday, January 28th. The bank reported $0.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.68 by ($0.06). First Savings Financial Group had a return on equity of 8.79% and a net margin of 13.34%. As a group, sell-side analysts forecast that First Savings Financial Group will post 2.45 EPS for the current year.

First Savings Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date was Monday, December 16th. First Savings Financial Group's dividend payout ratio (DPR) is currently 21.90%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on FSFG. StockNews.com lowered First Savings Financial Group from a "strong-buy" rating to a "buy" rating in a research note 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 on the stock in a report on Friday, January 31st.

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.