Renaissance Technologies LLC Grows Holdings in First Savings Financial Group, Inc. (NASDAQ:FSFG)

Renaissance Technologies LLC grew its holdings in shares of First Savings Financial Group, Inc. (NASDAQ:FSFG - Free Report) by 91.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,800 shares of the bank's stock after purchasing an additional 27,100 shares during the quarter. Renaissance Technologies LLC owned approximately 0.82% of First Savings Financial Group worth $1,509,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Cerity Partners LLC increased its holdings in First Savings Financial Group by 1.8% during the fourth quarter. Cerity Partners LLC now owns 69,621 shares of the bank's stock worth $1,849,000 after buying an additional 1,200 shares during the last quarter. Geode Capital Management LLC grew its position in shares of First Savings Financial Group by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 58,253 shares of the bank's stock valued at $1,387,000 after acquiring an additional 690 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of First Savings Financial Group during the 4th quarter worth approximately $597,000. O Shaughnessy Asset Management LLC bought a new stake in shares of First Savings Financial Group in the 4th quarter worth approximately $231,000. Finally, Barclays PLC lifted its stake in First Savings Financial Group by 72.9% in the third quarter. Barclays PLC now owns 3,396 shares of the bank's stock valued at $81,000 after purchasing an additional 1,432 shares during the last quarter. 35.22% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on FSFG shares. Piper Sandler boosted their target price on First Savings Financial Group from $30.00 to $32.00 and gave the company an "overweight" rating in a research note on Tuesday. Maxim Group boosted their price objective on First Savings Financial Group from $28.00 to $31.00 and gave the company a "buy" rating in a research note on Monday. Finally, StockNews.com lowered shares of First Savings Financial Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, January 14th.

First Savings Financial Group Stock Performance

Shares of First Savings Financial Group stock traded up $0.18 during trading hours on Friday, reaching $27.68. The company had a trading volume of 9,326 shares, compared to its average volume of 11,353. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.08 and a quick ratio of 1.07. First Savings Financial Group, Inc. has a one year low of $15.51 and a one year high of $30.94. The firm has a market cap of $191.37 million, a PE ratio of 10.10 and a beta of 0.40. The business has a fifty day simple moving average of $24.80 and a 200 day simple moving average of $25.95.

First Savings Financial Group (NASDAQ:FSFG - Get Free Report) last posted its earnings results on Thursday, April 24th. The bank reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.21. First Savings Financial Group had a return on equity of 8.79% and a net margin of 13.34%. The business had revenue of $19.55 million during the quarter, compared to analyst estimates of $15.55 million. On average, analysts anticipate that First Savings Financial Group, Inc. will post 2.45 earnings per share for the current fiscal year.

First Savings Financial Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.16 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from First Savings Financial Group's previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a yield of 2.31%. First Savings Financial Group's dividend payout ratio is currently 22.78%.

First Savings Financial Group 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.