First Savings Financial Group (NASDAQ:FSFG) Stock Passes Above 200-Day Moving Average – Time to Sell?

Shares of First Savings Financial Group, Inc. (NASDAQ:FSFG) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $24.25 and traded as high as $26.49. First Savings Financial Group shares last traded at $25.89, with a volume of 9,142 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Piper Sandler upped 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 note on Wednesday, October 30th. StockNews.com cut First Savings Financial Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 2nd.

First Savings Financial Group Price Performance

The company has a current ratio of 1.16, a quick ratio of 1.09 and a debt-to-equity ratio of 2.83. The business’s 50 day moving average price is $27.97 and its two-hundred day moving average price is $24.31. The stock has a market cap of $171.69 million, a P/E ratio of 12.57 and a beta of 0.75.

First Savings Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.41%. The ex-dividend date was Monday, December 16th. First Savings Financial Group’s dividend payout ratio is currently 30.30%.

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 company. Barclays PLC lifted its position in First Savings Financial Group by 72.9% during the third 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 period. Empowered Funds LLC increased its stake in shares of First Savings Financial Group by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 32,198 shares of the bank’s stock worth $767,000 after acquiring an additional 1,608 shares in the last quarter. Geode Capital Management LLC lifted its position in First Savings Financial Group by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 58,253 shares of the bank’s stock valued at $1,387,000 after acquiring an additional 690 shares during the period. Cerity Partners LLC boosted its stake in First Savings Financial Group by 166.0% during the third quarter. Cerity Partners LLC now owns 68,421 shares of the bank’s stock worth $1,629,000 after acquiring an additional 42,696 shares in the last quarter. Finally, Fourthstone LLC boosted its stake in First Savings Financial Group by 166.2% during the third quarter. Fourthstone LLC now owns 214,671 shares of the bank’s stock worth $5,111,000 after acquiring an additional 134,029 shares in the last quarter. 35.22% of the stock is owned by hedge funds and other institutional investors.

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.