First Savings Financial Group (NASDAQ:FSFG) Stock Price Crosses Below Two Hundred Day Moving Average - Here's Why

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)'s share price 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 trading hands.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FSFG. 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. Maxim Group upped 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. Finally, Piper Sandler upped their target price on First Savings Financial Group from $30.00 to $32.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 29th.

First Savings Financial Group Stock Down 0.9%

The company has a market cap of $175.46 million, a price-to-earnings ratio of 8.21 and a beta of 0.39. The company has a current ratio of 1.10, a quick ratio of 1.07 and a debt-to-equity ratio of 2.10. The business has a fifty day moving average of $25.68 and a two-hundred day moving average of $25.40.

First Savings Financial Group (NASDAQ:FSFG - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The bank reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.09. The company had revenue of $21.25 million during the quarter, compared to analysts' expectations of $16.94 million. First Savings Financial Group had a return on equity of 10.70% and a net margin of 14.92%. As a group, equities 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 company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.5%. First Savings Financial Group's dividend payout ratio is presently 20.71%.

Hedge Funds Weigh In On First Savings Financial Group

Hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC raised 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 acquiring an additional 561 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of First Savings Financial Group in the fourth quarter valued at approximately $76,000. Cubist Systematic Strategies LLC acquired a new stake in shares of First Savings Financial Group in the fourth quarter valued at approximately $153,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of First Savings Financial Group in the fourth quarter valued at approximately $231,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of First Savings Financial Group in the fourth quarter valued at approximately $275,000. Institutional investors and hedge funds 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.