First Savings Financial Group (NASDAQ:FSFG) Share Price Passes Above 200 Day Moving Average - Here's What Happened

First Savings Financial Group, Inc. (NASDAQ:FSFG - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $20.58 and traded as high as $28.23. First Savings Financial Group shares last traded at $27.91, with a volume of 27,021 shares trading hands.

Analysts Set New Price Targets

FSFG has been the subject of several recent research reports. Hovde Group started coverage on First Savings Financial Group in a report on Wednesday, September 11th. They issued a "market perform" rating and a $24.00 price target for the company. StockNews.com raised First Savings Financial Group from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 31st. Finally, Piper Sandler raised their target price on First Savings Financial Group from $27.50 to $31.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th.

First Savings Financial Group Price Performance

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 market cap of $192.30 million, a PE ratio of 14.12 and a beta of 0.72. The company's 50 day moving average is $24.60 and its 200-day moving average is $20.67.

First Savings Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend was Friday, September 13th. First Savings Financial Group's dividend payout ratio (DPR) is 30.30%.

Institutional Investors Weigh In On First Savings Financial Group

An institutional investor recently raised its position in First Savings Financial Group stock. Empowered Funds LLC grew its stake in First Savings Financial Group, Inc. (NASDAQ:FSFG - Free Report) by 8.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,930 shares of the bank's stock after purchasing an additional 2,209 shares during the quarter. Empowered Funds LLC owned approximately 0.44% of First Savings Financial Group worth $501,000 as of its most recent filing with the SEC. 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.