Schonfeld Strategic Advisors LLC Acquires Shares of 10,337 First Savings Financial Group, Inc. (NASDAQ:FSFG)

Schonfeld Strategic Advisors LLC purchased a new stake in First Savings Financial Group, Inc. (NASDAQ:FSFG - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,337 shares of the bank's stock, valued at approximately $275,000. Schonfeld Strategic Advisors LLC owned about 0.15% of First Savings Financial Group as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Tower Research Capital LLC TRC increased its position in First Savings Financial Group by 130.8% in 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 period. Barclays PLC grew its stake in shares of First Savings Financial Group by 72.9% in the third quarter. Barclays PLC now owns 3,396 shares of the bank's stock worth $81,000 after purchasing an additional 1,432 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in First Savings Financial Group in the fourth quarter valued at $231,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in First Savings Financial Group in the fourth quarter valued at $597,000. Finally, Northern Trust Corp raised its position in First Savings Financial Group by 17.3% during the 4th quarter. Northern Trust Corp now owns 46,449 shares of the bank's stock worth $1,234,000 after purchasing an additional 6,863 shares during the last quarter. 35.22% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FSFG has been the topic of a number of analyst reports. Piper Sandler upped their price target on First Savings Financial Group from $30.00 to $32.00 and gave the company an "overweight" rating in a research report on Tuesday, April 29th. Maxim Group lifted their price objective on 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. Finally, Hovde Group upgraded 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 report on Tuesday, May 6th.

First Savings Financial Group Trading Down 0.1%

NASDAQ FSFG traded down $0.02 during mid-day trading on Friday, reaching $27.83. 29,245 shares of the stock were exchanged, compared to its average volume of 12,537. The stock has a market cap of $192.44 million, a P/E ratio of 10.16 and a beta of 0.40. 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 $16.25 and a one year high of $30.94. The stock has a 50 day simple moving average of $25.31 and a 200-day simple moving average of $26.15.

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

First Savings Financial Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.16 per share. The ex-dividend date was Friday, March 14th. This represents a $0.64 annualized dividend and a yield of 2.30%. This is a boost from First Savings Financial Group's previous quarterly dividend of $0.15. First Savings Financial Group's dividend payout ratio (DPR) is currently 22.78%.

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.