First Savings Financial Group (NASDAQ:FSFG) Stock Crosses Above 200 Day Moving Average - Here's Why

Shares of First Savings Financial Group, Inc. (NASDAQ:FSFG - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $24.25 and traded as high as $26.49. First Savings Financial Group shares last traded at $25.89, with a volume of 9,142 shares trading hands.

Wall Street Analysts Forecast Growth

FSFG has been the subject of a number of recent research reports. Piper Sandler boosted their price objective on shares of First Savings Financial Group from $27.50 to $31.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. StockNews.com cut shares of First Savings Financial Group from a "strong-buy" rating to a "buy" rating in a report on Thursday, January 2nd.

First Savings Financial Group Stock Down 3.9 %

The company has a market cap of $171.69 million, a price-to-earnings ratio of 12.57 and a beta of 0.75. The company has a current ratio of 1.16, a quick ratio of 1.09 and a debt-to-equity ratio of 2.83. The stock has a 50-day simple moving average of $27.97 and a 200-day simple moving average of $24.31.

First Savings Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.60 annualized dividend and a yield of 2.41%. First Savings Financial Group's payout ratio is 30.30%.

Hedge Funds Weigh In On First Savings Financial Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fourthstone LLC increased its holdings in shares of 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. Cerity Partners LLC raised its stake 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 purchasing an additional 42,696 shares during the last quarter. Geode Capital Management LLC increased 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 acquiring an additional 690 shares during the period. Empowered Funds LLC increased its position in shares of First Savings Financial Group by 5.3% during the third 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. Finally, Barclays PLC increased its stake in First Savings Financial Group by 72.9% in the third quarter. Barclays PLC now owns 3,396 shares of the bank's stock valued at $81,000 after acquiring an additional 1,432 shares during the period. 35.22% of the stock is owned by institutional investors.

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.