First Savings Financial Group (NASDAQ:FSFG) Stock Passes Above 200 Day Moving Average - What's Next?

First Savings Financial Group, Inc. (NASDAQ:FSFG - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $19.02 and traded as high as $23.94. First Savings Financial Group shares last traded at $23.90, with a volume of 1,916 shares.

Wall Street Analyst Weigh In

Several research analysts have issued reports on FSFG shares. Hovde Group assumed 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 on the stock. StockNews.com initiated coverage on First Savings Financial Group in a research report on Wednesday, August 14th. They issued a "buy" rating for the company. Finally, Piper Sandler boosted their price objective on First Savings Financial Group from $20.00 to $26.50 and gave the stock an "overweight" rating in a report on Wednesday, July 31st.

First Savings Financial Group Stock Performance

The firm's 50-day simple moving average is $23.18 and its two-hundred day simple moving average is $19.04. 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 capitalization of $164.50 million, a PE ratio of 22.13 and a beta of 0.73.

First Savings Financial Group (NASDAQ:FSFG - Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The bank reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.11. The business had revenue of $17.73 million for the quarter, compared to the consensus estimate of $17.60 million. First Savings Financial Group had a return on equity of 8.63% and a net margin of 6.90%. On average, equities research analysts expect that First Savings Financial Group, Inc. will post 1.75 earnings per share for the current fiscal year.

First Savings Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date was Friday, September 13th. First Savings Financial Group's dividend payout ratio (DPR) is 55.56%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in First Savings Financial Group stock. Empowered Funds LLC grew its position in First Savings Financial Group, Inc. (NASDAQ:FSFG - Free Report) by 8.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,930 shares of the bank's stock after purchasing an additional 2,209 shares during the period. Empowered Funds LLC owned about 0.44% of First Savings Financial Group worth $501,000 at the end of the most recent quarter. 35.22% of the stock is owned by hedge funds and other institutional investors.

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.