First Savings Financial Group (NASDAQ:FSFG) Stock Crosses 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.

Shares of First Savings Financial Group, Inc. (NASDAQ:FSFG - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.

Analyst Ratings Changes

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

First Savings Financial Group Stock Performance

The company has a market capitalization of $191.10 million, a P/E ratio of 8.79 and a beta of 0.41. The company has a current ratio of 1.16, a quick ratio of 1.12 and a debt-to-equity ratio of 2.53. The company's 50 day moving average is $26.38 and its 200-day moving average is $25.76.

First Savings Financial Group (NASDAQ:FSFG - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The bank reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 14.92% and a return on equity of 10.60%. 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 dividend yield of 2.3%. The ex-dividend date of this dividend 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 added to or reduced their stakes in the business. Citadel Advisors LLC bought a new stake in First Savings Financial Group during the fourth quarter valued at approximately $287,000. Jane Street Group LLC purchased a new position in First Savings Financial Group during the fourth quarter valued at approximately $391,000. Millennium Management LLC purchased a new position in shares of First Savings Financial Group in the fourth quarter worth $1,041,000. Dimensional Fund Advisors LP lifted its holdings in shares of First Savings Financial Group by 27.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 61,169 shares of the bank's stock worth $1,624,000 after buying an additional 13,175 shares in the last quarter. Finally, Northern Trust Corp raised its stake in First Savings Financial Group by 17.3% during the fourth quarter. Northern Trust Corp now owns 46,449 shares of the bank's stock valued at $1,234,000 after purchasing an additional 6,863 shares in the last quarter. 35.22% of the stock is currently owned by institutional investors.

About First Savings Financial Group

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.