First Savings Financial Group (NASDAQ:FSFG) Share Price Passes Above 200 Day Moving Average - Should You Sell?

First Savings Financial Group, Inc. (NASDAQ:FSFG - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $26.13 and traded as high as $27.26. First Savings Financial Group shares last traded at $26.54, with a volume of 26,174 shares traded.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Hovde Group upgraded First Savings Financial Group from a "market perform" rating to an "outperform" rating and set a $34.00 price target on the stock in a research note on Tuesday, May 6th. Piper Sandler upped their price objective on 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. Finally, Maxim Group upped their price objective on First Savings Financial Group from $28.00 to $31.00 and gave the company a "buy" rating in a research note on Monday, April 28th.

First Savings Financial Group Price Performance

The company has a 50 day simple moving average of $25.79 and a 200-day simple moving average of $26.11. The stock has a market cap of $184.39 million, a price-to-earnings ratio of 9.73 and a beta of 0.40. 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 announced its quarterly earnings data on Thursday, April 24th. The bank reported $0.76 earnings per share (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 firm had revenue of $19.55 million for the quarter, compared to analysts' expectations of $15.55 million. As a group, research analysts anticipate that First Savings Financial Group, Inc. will post 2.45 EPS for the current fiscal year.

First Savings Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Friday, June 13th. First Savings Financial Group's dividend payout ratio (DPR) is presently 22.78%.

Hedge Funds Weigh In On First Savings Financial Group

Several institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC grew its holdings in shares of 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 valued at $26,000 after purchasing an additional 561 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of First Savings Financial Group by 1.8% during the fourth quarter. Cerity Partners LLC now owns 69,621 shares of the bank's stock valued at $1,849,000 after purchasing an additional 1,200 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of First Savings Financial Group by 6.9% during the first quarter. Empowered Funds LLC now owns 31,258 shares of the bank's stock valued at $805,000 after purchasing an additional 2,027 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of First Savings Financial Group by 13.9% during the fourth quarter. Bank of America Corp DE now owns 19,282 shares of the bank's stock valued at $512,000 after purchasing an additional 2,349 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of First Savings Financial Group during the fourth quarter valued at approximately $76,000. 35.22% of the stock is owned by institutional investors.

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.