First Savings Financial Group (NASDAQ:FSFG) Releases Earnings Results, Beats Expectations By $0.09 EPS

Key Points

• First Savings Financial Group reported earnings of $0.81 per share, surpassing analysts' expectations of $0.72, with a net margin of 14.92% and revenue of $21.25 million.
• The company declared a quarterly dividend of $0.16, resulting in an annualized yield of 2.46% and a payout ratio of 22.78%.
• Analysts have recently increased their price targets for the stock, with Piper Sandler raising theirs from $30.00 to $32.00 and giving it an "overweight" rating.

First Savings Financial Group (NASDAQ:FSFG - Get Free Report) released its quarterly earnings data on Thursday. The bank reported $0.81 EPS for the quarter, beating the consensus estimate of $0.72 by $0.09, Zacks reports. The firm had revenue of $21.25 million for the quarter, compared to the consensus estimate of $16.94 million. First Savings Financial Group had a net margin of 14.92% and a return on equity of 10.70%.

First Savings Financial Group Stock Performance

Shares of FSFG traded down $0.17 during mid-day trading on Wednesday, hitting $25.64. The stock had a trading volume of 27,180 shares, compared to its average volume of 29,843. The company's fifty day simple moving average is $25.75 and its two-hundred day simple moving average is $25.39. The company has a quick ratio of 1.07, a current ratio of 1.10 and a debt-to-equity ratio of 2.10. The company has a market cap of $177.43 million, a PE ratio of 8.30 and a beta of 0.39. First Savings Financial Group has a fifty-two week low of $20.32 and a fifty-two week high of $30.94.

First Savings Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a $0.16 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.50%. First Savings Financial Group's dividend payout ratio (DPR) is 20.71%.

Wall Street Analyst Weigh In

FSFG has been the topic of a number of recent analyst reports. Maxim Group lifted their target price 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. Hovde Group raised First Savings Financial Group from a "market perform" rating to an "outperform" rating and set a $34.00 target price on the stock in a research report on Tuesday, May 6th. Finally, Piper Sandler lifted their target price 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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Empowered Funds LLC grew its position in First Savings Financial Group by 6.9% during 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. Goldman Sachs Group Inc. boosted 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 worth $878,000 after acquiring an additional 5,206 shares during the period. Finally, Jane Street Group LLC raised its position in shares of First Savings Financial Group by 38.1% in the first 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 in the last quarter. Hedge funds and other institutional investors own 35.22% of the company's stock.

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.