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

Key Points

• First Savings Financial Group's share price fell below its 200-day moving average of $25.39, trading as low as $25.13 before last closing at $26.00.
• Analysts have shown positive sentiment with upgrades, increasing price targets to a high of $34.00 and assigning ratings from "overweight" to "buy."
• The company reported earnings of $0.81 per share, exceeding expectations, with a net margin of 14.92% for the last quarter.

First Savings Financial Group, Inc. (NASDAQ:FSFG - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $25.39 and traded as low as $25.13. First Savings Financial Group shares last traded at $26.00, with a volume of 31,117 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Piper Sandler upped their price target 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. 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 for the company in a report on Tuesday, May 6th. Finally, Maxim Group increased their target price on shares of First Savings Financial Group from $28.00 to $31.00 and gave the stock a "buy" rating in a report on Monday, April 28th.

First Savings Financial Group Stock Up 0.1%

The company has a market capitalization of $179.92 million, a P/E ratio of 8.41 and a beta of 0.39. 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 firm has a fifty day simple moving average of $25.79 and a 200-day simple moving average of $25.39.

First Savings Financial Group (NASDAQ:FSFG - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The bank reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.09. The business had revenue of $21.25 million during the quarter, compared to analyst estimates of $16.94 million. First Savings Financial Group had a return on equity of 10.70% and a net margin of 14.92%. On average, equities research analysts expect 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 disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend was Friday, June 13th. First Savings Financial Group's dividend payout ratio is 20.71%.

Institutional Investors Weigh In On First Savings Financial Group

Several institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC bought a new position in First Savings Financial Group during the 4th quarter worth about $287,000. Jane Street Group LLC bought a new position in shares of First Savings Financial Group during the fourth quarter worth about $391,000. Millennium Management LLC bought a new position in shares of First Savings Financial Group during the fourth quarter worth about $1,041,000. Susquehanna International Group LLP raised its position in First Savings Financial Group by 617.6% in the 4th quarter. Susquehanna International Group LLP now owns 71,617 shares of the bank's stock valued at $1,902,000 after buying an additional 61,637 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in First Savings Financial Group by 27.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 61,169 shares of the bank's stock valued at $1,624,000 after acquiring an additional 13,175 shares in the last quarter. 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.

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