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

Key Points

• First Savings Financial Group's stock price has recently crossed above its 200-day moving average of $25.89, trading as high as $27.49.
• The company reported earnings of $0.81 per share for the last quarter, exceeding analysts' expectations of $0.72, with a revenue of $21.25 million.
• In a recent downgrade, Wall Street Zen lowered the stock's rating from "buy" to "hold", despite a consensus rating of "buy" and an average target price of $32.33.

Shares of First Savings Financial Group, Inc. (NASDAQ:FSFG - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $25.89 and traded as high as $27.49. First Savings Financial Group shares last traded at $27.43, with a volume of 46,434 shares trading hands.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded First Savings Financial Group from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, First Savings Financial Group currently has a consensus rating of "Buy" and a consensus target price of $32.33.

First Savings Financial Group Trading Down 0.2%

The company has a quick ratio of 1.12, a current ratio of 1.16 and a debt-to-equity ratio of 2.53. The company has a market cap of $189.68 million, a P/E ratio of 8.79 and a beta of 0.41. The firm's 50 day moving average is $26.62 and its two-hundred day moving average is $25.92.

First Savings Financial Group (NASDAQ:FSFG - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The bank reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.09. The business had revenue of $21.25 million for the quarter, compared to analysts' expectations of $16.94 million. First Savings Financial Group had a net margin of 14.92% and a return on equity of 10.60%. As a group, equities research analysts anticipate that First Savings Financial Group, Inc. will post 2.45 EPS for the current year.

First Savings Financial Group Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC grew its stake in First Savings Financial Group by 112.2% in the 2nd quarter. Geode Capital Management LLC now owns 129,685 shares of the bank's stock valued at $3,248,000 after buying an additional 68,561 shares in the last quarter. Millennium Management LLC bought a new position in First Savings Financial Group in the 4th quarter valued at $1,041,000. Los Angeles Capital Management LLC bought a new position in First Savings Financial Group in the 2nd quarter valued at $372,000. Ritholtz Wealth Management bought a new position in First Savings Financial Group in the 2nd quarter valued at $369,000. Finally, Jane Street Group LLC bought a new position in First Savings Financial Group in the 4th quarter valued at $391,000. 35.22% of the stock is currently owned by hedge funds and other 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.