First Savings Financial Group, Inc. (NASDAQ:FSFG) Short Interest Update

by · The Cerbat Gem

First Savings Financial Group, Inc. (NASDAQ:FSFG – Get Free Report) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 72,255 shares, a growth of 30.4% from the November 30th total of 55,422 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average daily volume of 15,092 shares, the short-interest ratio is presently 4.8 days. Based on an average daily volume of 15,092 shares, the short-interest ratio is presently 4.8 days. Approximately 1.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Federated Hermes Inc. lifted its position in First Savings Financial Group by 73.4% in the third quarter. Federated Hermes Inc. now owns 846 shares of the bank’s stock valued at $27,000 after acquiring an additional 358 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of First Savings Financial Group during the third quarter worth about $27,000. Raymond James Financial Inc. purchased a new stake in shares of First Savings Financial Group in the 2nd quarter valued at about $26,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of First Savings Financial Group in the 2nd quarter valued at about $31,000. Finally, CWM LLC acquired a new stake in shares of First Savings Financial Group in the 3rd quarter valued at about $54,000. 35.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of First Savings Financial Group in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $32.33.

Check Out Our Latest Report on FSFG

First Savings Financial Group Stock Down 0.8%

Shares of FSFG stock traded down $0.27 on Tuesday, reaching $32.10. 2,175 shares of the stock were exchanged, compared to its average volume of 21,092. The company has a market capitalization of $225.34 million, a price-to-earnings ratio of 9.70 and a beta of 0.45. The business’s 50 day moving average price is $31.13 and its 200 day moving average price is $28.54. The company has a current ratio of 1.15, a quick ratio of 1.12 and a debt-to-equity ratio of 2.41. First Savings Financial Group has a twelve month low of $21.63 and a twelve month high of $33.35.

First Savings Financial Group (NASDAQ:FSFG – Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The bank reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. First Savings Financial Group had a return on equity of 11.51% and a net margin of 15.82%.The company had revenue of $21.79 million during the quarter, compared to the consensus estimate of $17.21 million. As a group, sell-side analysts expect that First Savings Financial Group will post 2.45 earnings per share for the current fiscal year.

First Savings Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, December 15th. First Savings Financial Group’s payout ratio is currently 19.34%.

About First Savings Financial Group

(Get Free Report)

First Savings Financial Group, Inc is a bank holding company headquartered in Fairfield, Iowa, serving as the parent of First Savings Bank. The company operates as a community-based financial services provider, offering banking and financial products to individuals, small businesses, and agricultural clients in its regional markets.

Through its subsidiary First Savings Bank, the company delivers a suite of deposit and lending solutions that includes checking and savings accounts, consumer and residential mortgage loans, commercial and agricultural lending, and treasury management services.

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