Dimensional Fund Advisors LP Increases Stock Holdings in First Savings Financial Group, Inc. (NASDAQ:FSFG)

Dimensional Fund Advisors LP increased its position in shares of First Savings Financial Group, Inc. (NASDAQ:FSFG - Free Report) by 27.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,169 shares of the bank's stock after acquiring an additional 13,175 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.89% of First Savings Financial Group worth $1,624,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Cerity Partners LLC grew its holdings in shares of First Savings Financial Group by 1.8% in the fourth quarter. Cerity Partners LLC now owns 69,621 shares of the bank's stock valued at $1,849,000 after purchasing an additional 1,200 shares in the last quarter. Barclays PLC increased its position in shares of 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 acquiring an additional 1,432 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in shares of First Savings Financial Group in the fourth quarter valued at $231,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in First Savings Financial Group in the fourth quarter valued at $597,000. Finally, Renaissance Technologies LLC increased its holdings in First Savings Financial Group by 91.2% during the 4th quarter. Renaissance Technologies LLC now owns 56,800 shares of the bank's stock worth $1,509,000 after purchasing an additional 27,100 shares during the period. Hedge funds and other institutional investors own 35.22% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on FSFG shares. Piper Sandler raised 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 report on Tuesday, April 29th. Maxim Group raised their price target on First Savings Financial Group from $28.00 to $31.00 and gave the company a "buy" rating in a research note on Monday, April 28th. Finally, Hovde Group upgraded First Savings Financial Group from a "market perform" rating to an "outperform" rating and set a $34.00 target price for the company in a research note on Tuesday, May 6th.

First Savings Financial Group Price Performance

Shares of NASDAQ FSFG opened at $27.64 on Thursday. The stock has a market cap of $191.24 million, a P/E ratio of 10.09 and a beta of 0.40. First Savings Financial Group, Inc. has a twelve month low of $16.25 and a twelve month high of $30.94. The stock has a 50 day moving average of $25.55 and a two-hundred day moving average of $26.17. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 1.96.

First Savings Financial Group (NASDAQ:FSFG - Get Free Report) last issued its earnings results on Thursday, April 24th. The bank reported $0.76 earnings per share 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 for the quarter, compared to the consensus estimate of $15.55 million. On average, research analysts forecast that First Savings Financial Group, Inc. will post 2.45 earnings per share for the current year.

First Savings Financial Group Increases Dividend

The business also recently declared 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. This is an increase from First Savings Financial Group's previous quarterly dividend of $0.15. The ex-dividend date was Friday, March 14th. This represents a $0.64 annualized dividend and a yield of 2.32%. First Savings Financial Group's dividend payout ratio (DPR) is presently 22.78%.

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.