Short Interest in First Savings Financial Group, Inc. (NASDAQ:FSFG) Expands By 115.3%

First Savings Financial Group, Inc. (NASDAQ:FSFG - Get Free Report) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 15,500 shares, a growth of 115.3% from the December 31st total of 7,200 shares. Based on an average trading volume of 18,600 shares, the days-to-cover ratio is presently 0.8 days.

First Savings Financial Group Stock Up 1.6 %

Shares of FSFG traded up $0.38 on Tuesday, hitting $23.89. The company's stock had a trading volume of 8,325 shares, compared to its average volume of 11,238. The firm's fifty day moving average price is $26.82 and its 200-day moving average price is $25.16. First Savings Financial Group has a fifty-two week low of $14.55 and a fifty-two week high of $30.94. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.99. The firm has a market capitalization of $165.08 million, a price-to-earnings ratio of 8.72 and a beta of 0.74.

First Savings Financial Group (NASDAQ:FSFG - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.06). First Savings Financial Group had a net margin of 13.34% and a return on equity of 8.86%. On average, equities research analysts expect that First Savings Financial Group will post 2.65 EPS for the current year.

First Savings Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend was Monday, December 16th. First Savings Financial Group's dividend payout ratio (DPR) is presently 21.90%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Piper Sandler lowered their target price on shares of First Savings Financial Group from $33.00 to $30.00 and set an "overweight" rating for the company in a research note on Friday. StockNews.com cut shares of First Savings Financial Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, January 14th.

Institutional Trading of First Savings Financial Group

A number of institutional investors have recently modified their holdings of FSFG. Fourthstone LLC raised 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 valued at $5,111,000 after buying an additional 134,029 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of First Savings Financial Group by 166.0% in the third quarter. Cerity Partners LLC now owns 68,421 shares of the bank's stock valued at $1,629,000 after purchasing an additional 42,696 shares during the last quarter. Empowered Funds LLC lifted its position in shares of First Savings Financial Group by 5.3% in the third quarter. Empowered Funds LLC now owns 32,198 shares of the bank's stock worth $767,000 after purchasing an additional 1,608 shares in the last quarter. Barclays PLC boosted its holdings in First Savings Financial Group by 72.9% during the third 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. Finally, Geode Capital Management LLC grew its position in First Savings Financial Group by 1.2% in the third quarter. Geode Capital Management LLC now owns 58,253 shares of the bank's stock valued at $1,387,000 after purchasing an additional 690 shares in the last quarter. 35.22% of the stock is currently owned by 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.