Millennium Management LLC Invests $1.04 Million in First Savings Financial Group, Inc. (NASDAQ:FSFG)

Millennium Management LLC purchased a new stake in First Savings Financial Group, Inc. (NASDAQ:FSFG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 39,177 shares of the bank's stock, valued at approximately $1,041,000. Millennium Management LLC owned 0.57% of First Savings Financial Group as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its position in First Savings Financial Group by 130.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 990 shares of the bank's stock worth $26,000 after purchasing an additional 561 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of First Savings Financial Group in the fourth quarter valued at approximately $153,000. O Shaughnessy Asset Management LLC acquired a new position in First Savings Financial Group during the fourth quarter worth $231,000. Schonfeld Strategic Advisors LLC purchased a new position in First Savings Financial Group in the fourth quarter worth $275,000. Finally, Citadel Advisors LLC acquired a new stake in First Savings Financial Group in the fourth quarter valued at $287,000. 35.22% of the stock is owned by hedge funds and other institutional investors.

First Savings Financial Group Price Performance

First Savings Financial Group stock traded down $0.26 during trading hours on Monday, hitting $25.64. The stock had a trading volume of 8,825 shares, compared to its average volume of 13,524. First Savings Financial Group, Inc. has a 1-year low of $16.25 and a 1-year high of $30.94. The stock has a market capitalization of $177.40 million, a price-to-earnings ratio of 9.36 and a beta of 0.41. The stock's fifty day moving average is $25.82 and its two-hundred day moving average is $25.99. 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 released its quarterly earnings data on Thursday, April 24th. The bank reported $0.76 EPS for the quarter, topping the consensus estimate of $0.55 by $0.21. The business had revenue of $19.55 million for the quarter, compared to analyst estimates of $15.55 million. First Savings Financial Group had a net margin of 13.34% and a return on equity of 8.79%. As a group, analysts predict that First Savings Financial Group, Inc. will post 2.45 earnings per share for the current fiscal year.

First Savings Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Friday, June 13th. First Savings Financial Group's dividend payout ratio (DPR) is presently 22.78%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FSFG. Piper Sandler upped their price target on shares of First Savings Financial Group from $30.00 to $32.00 and gave the stock 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 stock a "buy" rating in a report on Monday, April 28th. Finally, Hovde Group raised shares of 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 report on Tuesday, May 6th.

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.