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

Shares of First Savings Financial Group, Inc. (NASDAQ:FSFG - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $21.28 and traded as high as $29.27. First Savings Financial Group shares last traded at $29.01, with a volume of 25,464 shares.

Wall Street Analysts Forecast Growth

FSFG has been the subject of a number of research analyst reports. StockNews.com upgraded shares of First Savings Financial Group from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, November 12th. Piper Sandler raised their price target on shares of First Savings Financial Group from $27.50 to $31.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. Finally, Hovde Group started coverage on shares of First Savings Financial Group in a report on Wednesday, September 11th. They set a "market perform" rating and a $24.00 price target on the stock.

First Savings Financial Group Stock Up 0.3 %

The business's 50 day moving average is $25.32 and its 200-day moving average is $21.37. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.09 and a current ratio of 1.16. The firm has a market capitalization of $200.28 million, a price-to-earnings ratio of 14.65 and a beta of 0.72.

First Savings Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $0.15 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.60 dividend on an annualized basis and a yield of 2.06%. First Savings Financial Group's payout ratio is presently 30.30%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FSFG. Geode Capital Management LLC grew its position in First Savings Financial Group by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 58,253 shares of the bank's stock worth $1,387,000 after purchasing an additional 690 shares during the last quarter. Barclays PLC grew its position in First Savings Financial Group by 72.9% in the 3rd quarter. Barclays PLC now owns 3,396 shares of the bank's stock worth $81,000 after purchasing an additional 1,432 shares during the last quarter. Empowered Funds LLC grew its position in First Savings Financial Group by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 32,198 shares of the bank's stock worth $767,000 after purchasing an additional 1,608 shares during the last quarter. Cerity Partners LLC grew its position in First Savings Financial Group by 166.0% in the 3rd quarter. Cerity Partners LLC now owns 68,421 shares of the bank's stock worth $1,629,000 after purchasing an additional 42,696 shares during the last quarter. Finally, Fourthstone LLC grew its position in First Savings Financial Group by 166.2% in the 3rd quarter. Fourthstone LLC now owns 214,671 shares of the bank's stock worth $5,111,000 after purchasing an additional 134,029 shares during the last quarter. 35.22% of the stock is currently owned by institutional investors and hedge funds.

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.