First Savings Financial Group (NASDAQ:FSFG) Stock Price Crosses Above 200-Day Moving Average - What's Next?

First Savings Financial Group, Inc. (NASDAQ:FSFG - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $25.39 and traded as high as $26.12. First Savings Financial Group shares last traded at $25.99, with a volume of 10,661 shares trading hands.

Wall Street Analyst Weigh In

FSFG has been the topic of a number of research analyst reports. Piper Sandler lifted their price target on shares of 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 raised shares of First Savings Financial Group from a "market perform" rating to an "outperform" rating and set a $34.00 target price on the stock in a research note on Tuesday, May 6th. Finally, Maxim Group lifted 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 research note on Monday, April 28th.

First Savings Financial Group Stock Performance

The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.07 and a current ratio of 1.10. The firm's 50 day simple moving average is $26.20 and its 200-day simple moving average is $25.38. The company has a market cap of $182.20 million, a price-to-earnings ratio of 9.37 and a beta of 0.39.

First Savings Financial Group (NASDAQ:FSFG - Get Free Report) last announced its earnings results on Thursday, April 24th. The bank reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.21. First Savings Financial Group had a net margin of 13.68% and a return on equity of 9.61%. The company had revenue of $19.55 million for the quarter, compared to analysts' expectations of $15.55 million. On average, sell-side analysts predict that First Savings Financial Group, Inc. will post 2.45 EPS for the current year.

First Savings Financial Group Dividend Announcement

The company also recently declared 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. The ex-dividend date was Friday, June 13th. This represents a $0.64 annualized dividend and a dividend yield of 2.43%. First Savings Financial Group's payout ratio is 22.78%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FSFG. Tower Research Capital LLC TRC boosted its position in shares of 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 valued at $26,000 after acquiring an additional 561 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of First Savings Financial Group during the 4th quarter valued at about $76,000. Cubist Systematic Strategies LLC acquired a new position in shares of First Savings Financial Group during the 4th quarter valued at about $153,000. O Shaughnessy Asset Management LLC acquired a new position in shares of First Savings Financial Group during the 4th quarter valued at about $231,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of First Savings Financial Group during the 4th quarter valued at about $275,000. Institutional investors and hedge funds own 35.22% of the company's stock.

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.