First Savings Financial Group (NASDAQ:FSFG) Stock Price Crosses 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) shares passed 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 trading hands.

Wall Street Analysts Forecast Growth

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

First Savings Financial Group Stock Up 1.0%

The business's fifty day simple moving average is $26.53 and its 200 day simple moving average is $25.85. 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 has a market cap of $190.24 million, a price-to-earnings ratio of 8.82 and a beta of 0.41.

First Savings Financial Group (NASDAQ:FSFG - Get Free Report) last released its earnings results on Thursday, July 24th. The bank reported $0.81 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $21.25 million during the quarter, compared to analyst estimates of $16.94 million. Equities analysts forecast 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 announced 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 2.3%. The ex-dividend date of this dividend is Monday, September 15th. First Savings Financial Group's payout ratio is currently 20.71%.

Hedge Funds Weigh In On First Savings Financial Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of First Savings Financial Group during the second quarter worth $26,000. Police & Firemen s Retirement System of New Jersey bought a new position in shares of First Savings Financial Group during the second quarter worth $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of First Savings Financial Group during the second quarter worth $76,000. New York State Common Retirement Fund bought a new position in shares of First Savings Financial Group during the second quarter worth $105,000. Finally, LSV Asset Management bought a new position in shares of First Savings Financial Group during the second quarter worth $110,000. 35.22% of the stock is owned by institutional investors.

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.