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

First Savings Financial Group, Inc. (NASDAQ:FSFG - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $19.73 and traded as high as $24.38. First Savings Financial Group shares last traded at $24.36, with a volume of 1,736 shares.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on FSFG shares. Hovde Group assumed coverage on First Savings Financial Group in a research report on Wednesday, September 11th. They set a "market perform" rating and a $24.00 price objective for the company. Piper Sandler raised their target price on shares of First Savings Financial Group from $20.00 to $26.50 and gave the stock an "overweight" rating in a research report on Wednesday, July 31st. Finally, StockNews.com started coverage on First Savings Financial Group in a report on Wednesday, August 14th. They issued a "buy" rating for the company.

First Savings Financial Group Stock Performance

The company's fifty day moving average price is $23.78 and its two-hundred day moving average price is $19.77. 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 $169.39 million, a PE ratio of 22.79 and a beta of 0.73.

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

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 given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Friday, September 13th. First Savings Financial Group's dividend payout ratio (DPR) is currently 55.56%.

Hedge Funds Weigh In On First Savings Financial Group

An institutional investor recently raised its position in First Savings Financial Group stock. Empowered Funds LLC increased its stake in shares of First Savings Financial Group, Inc. (NASDAQ:FSFG - Free Report) by 8.0% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 29,930 shares of the bank's stock after acquiring an additional 2,209 shares during the period. Empowered Funds LLC owned approximately 0.44% of First Savings Financial Group worth $501,000 at the end of the most recent reporting period. Institutional investors own 35.22% of the company's stock.

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.