Millennium Management LLC Buys New Shares in First Savings Financial Group, Inc. (NASDAQ:FSFG)

Millennium Management LLC acquired a new position in First Savings Financial Group, Inc. (NASDAQ:FSFG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 39,177 shares of the bank's stock, valued at approximately $1,041,000. Millennium Management LLC owned about 0.57% of First Savings Financial Group as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its position in First Savings Financial Group by 130.8% during the fourth 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 bought a new position in First Savings Financial Group in the 4th quarter worth approximately $153,000. O Shaughnessy Asset Management LLC purchased a new position in First Savings Financial Group in the 4th quarter valued at approximately $231,000. Schonfeld Strategic Advisors LLC purchased a new position in First Savings Financial Group in the 4th quarter valued at approximately $275,000. Finally, Citadel Advisors LLC bought a new stake in First Savings Financial Group during the 4th quarter valued at $287,000. 35.22% of the stock is currently owned by institutional investors.

First Savings Financial Group Price Performance

NASDAQ:FSFG traded up $0.19 during trading hours on Friday, hitting $25.90. 13,446 shares of the company's stock traded hands, compared to its average volume of 13,543. The firm has a market cap of $179.20 million, a P/E ratio of 9.45 and a beta of 0.41. First Savings Financial Group, Inc. has a 52 week low of $16.25 and a 52 week high of $30.94. The business's fifty day simple moving average is $25.82 and its two-hundred day simple moving average is $26.01. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.96.

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

First Savings Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Friday, June 13th. First Savings Financial Group's dividend payout ratio is currently 22.78%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on FSFG shares. Maxim Group raised their price target on First Savings Financial Group from $28.00 to $31.00 and gave the stock a "buy" rating in a report on Monday, April 28th. Piper Sandler increased their price objective on First Savings Financial Group from $30.00 to $32.00 and gave the stock an "overweight" rating in a report on Tuesday, April 29th. 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 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.