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

First Savings Financial Group, Inc. (NASDAQ:FSFG) saw a significant drop in short interest in November. As of November 30th, there was short interest totalling 6,100 shares, a drop of 11.6% from the November 15th total of 6,900 shares. Based on an average daily volume of 15,600 shares, the days-to-cover ratio is presently 0.4 days.

First Savings Financial Group Stock Down 3.0 %

FSFG traded down $0.86 during trading on Friday, hitting $28.13. The company had a trading volume of 8,747 shares, compared to its average volume of 9,111. The company has a market capitalization of $193.53 million, a PE ratio of 14.21 and a beta of 0.73. First Savings Financial Group has a one year low of $14.55 and a one year high of $30.94. The firm’s 50-day moving average price is $27.44 and its 200 day moving average price is $23.00. The company has a quick ratio of 1.09, a current ratio of 1.16 and a debt-to-equity ratio of 2.83.

First Savings Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.60 annualized dividend and a yield of 2.13%. First Savings Financial Group’s payout ratio is currently 30.30%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on FSFG. StockNews.com raised shares of First Savings Financial Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Piper Sandler boosted their price objective on shares of First Savings Financial Group from $27.50 to $31.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Finally, Hovde Group initiated coverage on shares of First Savings Financial Group in a research report on Wednesday, September 11th. They issued a “market perform” rating and a $24.00 price objective on the stock.

Institutional Investors Weigh In On First Savings Financial Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fourthstone LLC increased its stake 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 increased its stake in First Savings Financial Group by 166.0% in the 3rd quarter. Cerity Partners LLC now owns 68,421 shares of the bank’s stock valued at $1,629,000 after buying an additional 42,696 shares during the last quarter. Geode Capital Management LLC increased its stake in First Savings Financial Group by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 58,253 shares of the bank’s stock valued at $1,387,000 after buying an additional 690 shares during the last quarter. Empowered Funds LLC increased its stake in First Savings Financial Group by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 32,198 shares of the bank’s stock valued at $767,000 after buying an additional 1,608 shares during the last quarter. Finally, Barclays PLC increased its stake in First Savings Financial Group by 72.9% in the 3rd quarter. Barclays PLC now owns 3,396 shares of the bank’s stock valued at $81,000 after buying an additional 1,432 shares during the last quarter. 35.22% of the stock is currently owned by institutional investors and hedge funds.

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.