683 Capital Management LLC Takes $339,000 Position in First Savings Financial Group, Inc. (NASDAQ:FSFG)

683 Capital Management LLC purchased a new stake in First Savings Financial Group, Inc. (NASDAQ:FSFG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,760 shares of the bank's stock, valued at approximately $339,000. 683 Capital Management LLC owned approximately 0.18% of First Savings Financial Group at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its stake in shares of First Savings Financial Group by 130.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 990 shares of the bank's stock valued at $26,000 after purchasing an additional 561 shares in the last quarter. Barclays PLC grew its position in shares of First Savings Financial Group by 72.9% in the 3rd quarter. Barclays PLC now owns 3,396 shares of the bank's stock worth $81,000 after acquiring an additional 1,432 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new stake in shares of First Savings Financial Group in the 4th quarter valued at approximately $231,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of First Savings Financial Group during the 4th quarter valued at approximately $275,000. Finally, Jane Street Group LLC acquired a new stake in shares of First Savings Financial Group during the 4th quarter valued at approximately $391,000. 35.22% of the stock is currently owned by institutional investors.

First Savings Financial Group Price Performance

Shares of NASDAQ FSFG traded up $0.43 during mid-day trading on Thursday, reaching $27.69. 10,506 shares of the company traded hands, compared to its average volume of 11,834. The stock has a fifty day simple moving average of $25.00 and a 200-day simple moving average of $26.04. First Savings Financial Group, Inc. has a fifty-two week low of $15.95 and a fifty-two week high of $30.94. The firm has a market cap of $191.48 million, a PE ratio of 10.11 and a beta of 0.40. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.08 and a quick ratio of 1.07.

First Savings Financial Group (NASDAQ:FSFG - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The bank reported $0.76 EPS for the quarter, beating the consensus estimate of $0.55 by $0.21. First Savings Financial Group had a net margin of 13.34% and a return on equity of 8.79%. The business had revenue of $19.55 million during the quarter, compared to the consensus estimate of $15.55 million. Equities research analysts anticipate that First Savings Financial Group, Inc. will post 2.45 EPS for the current fiscal year.

First Savings Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.16 per share. The ex-dividend date was Friday, March 14th. This represents a $0.64 dividend on an annualized basis and a yield of 2.31%. This is a boost from First Savings Financial Group's previous quarterly dividend of $0.15. First Savings Financial Group's dividend payout ratio is presently 22.78%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Piper Sandler boosted their target price on shares of First Savings Financial Group from $30.00 to $32.00 and gave the company an "overweight" rating in a research note on Tuesday, April 29th. Maxim Group boosted their price objective on shares of First Savings Financial Group from $28.00 to $31.00 and gave the company a "buy" rating in a research report on Monday, April 28th. Hovde Group upgraded First Savings Financial Group from a "market perform" rating to an "outperform" rating and set a $34.00 price target on the stock in a research report on Tuesday. Finally, StockNews.com downgraded shares of First Savings Financial Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, January 14th.

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.