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

First Savings Financial Group, Inc. (NASDAQ:FSFG - Get Free Report) announced 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 raised its dividend by an average of 12.6% per year over the last three years and has raised its dividend every year for the last 12 years. First Savings Financial Group has a payout ratio of 18.6% meaning its dividend is sufficiently covered by earnings. Equities research 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 Trading Down 2.0%

FSFG traded down $0.55 during trading on Friday, hitting $26.65. The company's stock had a trading volume of 17,988 shares, compared to its average volume of 13,265. First Savings Financial Group has a twelve month low of $16.25 and a twelve month high of $30.94. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.96. The stock's fifty day moving average price is $25.79 and its 200-day moving average price is $26.11. The firm has a market capitalization of $184.39 million, a P/E 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 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.21. The company had revenue of $19.55 million during 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%. Analysts anticipate that First Savings Financial Group will post 2.45 EPS for the current year.

Institutional Trading of First Savings Financial Group

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. 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 report on Tuesday, May 6th. Piper Sandler boosted their target price on First Savings Financial Group from $30.00 to $32.00 and gave the company an "overweight" rating in a research report on Tuesday, April 29th. Finally, Maxim Group upped their price target on First Savings Financial Group from $28.00 to $31.00 and gave the stock a "buy" rating in a research note on Monday, April 28th.

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.