First Savings Financial Group, Inc. (NASDAQ:FSFG) Short Interest Down 7.8% in September

First Savings Financial Group, Inc. (NASDAQ:FSFG - Get Free Report) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 10,700 shares, a decline of 7.8% from the September 15th total of 11,600 shares. Based on an average daily trading volume, of 9,000 shares, the days-to-cover ratio is currently 1.2 days.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on FSFG shares. Piper Sandler increased their price target on 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. StockNews.com assumed coverage on First Savings Financial Group in a research note on Wednesday, August 14th. They set a "buy" rating on the stock. Finally, Hovde Group started coverage on First Savings Financial Group in a research report on Wednesday, September 11th. They issued a "market perform" rating and a $24.00 target price on the stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First Savings Financial Group stock. Empowered Funds LLC lifted its holdings in shares of First Savings Financial Group, Inc. (NASDAQ:FSFG - Free Report) by 8.0% in the first quarter, according to its most recent filing with the SEC. The firm 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 as of its most recent filing with the SEC. 35.22% of the stock is owned by institutional investors.

First Savings Financial Group Trading Up 1.2 %

First Savings Financial Group stock traded up $0.29 during midday trading on Wednesday, reaching $24.60. The stock had a trading volume of 4,240 shares, compared to its average volume of 6,595. First Savings Financial Group has a twelve month low of $13.20 and a twelve month high of $24.95. The stock has a market capitalization of $169.32 million, a PE ratio of 22.87 and a beta of 0.73. 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 stock's 50-day simple moving average is $23.53 and its 200 day simple moving average is $19.42.

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

First Savings Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, September 13th. This represents a $0.60 annualized dividend and a dividend yield of 2.44%. First Savings Financial Group's dividend payout ratio (DPR) is 55.56%.

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.

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