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

Key Points

• First Savings Financial Group's stock price recently surpassed its 200-day moving average of $25.70, reaching a high of $27.54 before closing at $26.92.
• The company declared a quarterly dividend of $0.16 per share, with a yield of 2.4%, scheduled for payment on September 30th.
• Despite being rated as "Buy" by some analysts, Wall Street Zen downgraded the stock to a "hold" rating, while the average target price remains at $32.33.

First Savings Financial Group, Inc. (NASDAQ:FSFG - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $25.70 and traded as high as $27.54. First Savings Financial Group shares last traded at $26.92, with a volume of 10,820 shares traded.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut First Savings Financial Group from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, First Savings Financial Group presently has an average rating of "Buy" and an average target price of $32.33.

First Savings Financial Group Stock Down 0.9%

The firm's fifty day moving average price is $26.21 and its 200-day moving average price is $25.70. The company has a market capitalization of $187.90 million, a price-to-earnings ratio of 8.71 and a beta of 0.41. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.16 and a quick ratio of 1.12.

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 for the quarter, topping the consensus estimate of $0.72 by $0.09. First Savings Financial Group had a net margin of 14.92% and a return on equity of 10.60%. The company had revenue of $21.25 million for the quarter, compared to analysts' expectations of $16.94 million. Sell-side analysts expect that First Savings Financial Group, Inc. will post 2.45 earnings per share for the current fiscal year.

First Savings Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Monday, September 15th. First Savings Financial Group's dividend payout ratio (DPR) is presently 20.71%.

Institutional Trading of First Savings Financial Group

Large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its holdings in First Savings Financial Group by 130.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 990 shares of the bank's stock worth $26,000 after acquiring an additional 561 shares during the period. Raymond James Financial Inc. bought a new position in First Savings Financial Group in the 2nd quarter valued at about $26,000. Police & Firemen s Retirement System of New Jersey bought a new position in shares of First Savings Financial Group during the 2nd quarter worth approximately $31,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of First Savings Financial Group during the 4th quarter worth approximately $76,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of First Savings Financial Group during the 2nd quarter worth approximately $76,000. 35.22% of the stock is currently owned by institutional investors and hedge funds.

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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