First Savings Financial Group, Inc. Plans Quarterly Dividend of $0.16 (NASDAQ:FSFG)

First Savings Financial Group, Inc. (NASDAQ:FSFG - Get Free Report) declared a quarterly dividend on Friday, May 23rd, RTT News reports. Investors of record on Friday, June 13th will be given a dividend of 0.16 per share by the bank on Monday, June 30th. This represents a $0.64 annualized dividend and a yield of 2.40%. The ex-dividend date is Friday, June 13th.

First Savings Financial Group has increased its dividend payment by an average of 12.6% per year over the last three years and has raised its dividend annually for the last 12 consecutive years. First Savings Financial Group has a dividend payout ratio of 18.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect First Savings Financial Group to earn $2.60 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 24.6%.

First Savings Financial Group Stock Down 2.0%

Shares of NASDAQ:FSFG traded down $0.55 during midday trading on Friday, hitting $26.65. 17,988 shares of the company's stock traded hands, compared to its average volume of 13,219. The firm's fifty day moving average price is $25.76 and its two-hundred day moving average price is $26.14. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.07 and a current ratio of 1.08. First Savings Financial Group has a twelve month low of $16.25 and a twelve month high of $30.94. The company has a market cap of $184.39 million, a PE ratio of 9.73 and a beta of 0.40.

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, beating the consensus estimate 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 company had revenue of $19.55 million for the quarter, compared to analyst estimates of $15.55 million. On average, equities research analysts anticipate that First Savings Financial Group will post 2.45 EPS for the current fiscal year.

Institutional Investors Weigh In On First Savings Financial Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC boosted its stake in shares of First Savings Financial Group by 38.1% during the 1st quarter. Jane Street Group LLC now owns 20,351 shares of the bank's stock valued at $524,000 after buying an additional 5,613 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of First Savings Financial Group by 18.0% in the first quarter. Goldman Sachs Group Inc. now owns 34,073 shares of the bank's stock worth $878,000 after buying an additional 5,206 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in First Savings Financial Group by 6.9% in the first quarter. Empowered Funds LLC now owns 31,258 shares of the bank's stock valued at $805,000 after acquiring an additional 2,027 shares in the last quarter. 35.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FSFG has been the topic of several recent research reports. Maxim Group boosted their price target on First Savings Financial Group from $28.00 to $31.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. Hovde Group upgraded shares of First Savings Financial Group from a "market perform" rating to an "outperform" rating and set a $34.00 price objective on the stock in a research note on Tuesday, May 6th. Finally, Piper Sandler upped 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.

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.