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

Key Points

• First Savings Financial Group's share price has recently crossed above its 200-day moving average, trading at $27.67 with a market cap of $193.14 million.
• Wall Street analysts have given the stock an average rating of "Buy"** with a target price of $32.33; however, some analysts have downgraded it to a "hold" rating.
• The company announced a $0.16 quarterly dividend, representing a 2.3% yield, set to be paid on September 30th.

First Savings Financial Group, Inc. (NASDAQ:FSFG - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $25.81 and traded as high as $27.67. First Savings Financial Group shares last traded at $27.67, with a volume of 7,127 shares traded.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered 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, Based on data from MarketBeat, First Savings Financial Group presently has a consensus rating of "Buy" and an average price target of $32.33.

First Savings Financial Group Stock Performance

The firm has a market cap of $188.95 million, a price-to-earnings ratio of 8.76 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 stock's 50 day moving average is $26.50 and its 200 day moving average is $25.83.

First Savings Financial Group (NASDAQ:FSFG - Get Free Report) last posted 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 return on equity of 10.60% and a net margin of 14.92%.The firm had revenue of $21.25 million for the quarter, compared to analysts' expectations of $16.94 million. Analysts anticipate that First Savings Financial Group, Inc. will post 2.45 earnings per share for the current year.

First Savings Financial Group Announces Dividend

The firm 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 payout ratio is 20.71%.

Institutional Investors Weigh In On First Savings Financial Group

A number of hedge funds and other institutional investors have recently made changes to their positions in FSFG. Geode Capital Management LLC raised its stake in First Savings Financial Group by 112.2% in the second quarter. Geode Capital Management LLC now owns 129,685 shares of the bank's stock valued at $3,248,000 after purchasing 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 about $1,041,000. Los Angeles Capital Management LLC acquired a new position in shares of First Savings Financial Group in the 2nd quarter valued at approximately $372,000. Ritholtz Wealth Management bought a new stake in shares of First Savings Financial Group during the 2nd quarter worth approximately $369,000. Finally, Jane Street Group LLC acquired a new stake in shares of First Savings Financial Group during the 4th quarter worth approximately $391,000. 35.22% of the stock is currently owned by institutional investors and hedge funds.

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.