Susquehanna International Group LLP Increases Position in First Savings Financial Group, Inc. (NASDAQ:FSFG)

Susquehanna International Group LLP increased its position in shares of First Savings Financial Group, Inc. (NASDAQ:FSFG - Free Report) by 617.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 71,617 shares of the bank's stock after acquiring an additional 61,637 shares during the quarter. Susquehanna International Group LLP owned approximately 1.04% of First Savings Financial Group worth $1,902,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC boosted its holdings in shares of First Savings Financial Group by 72.9% during 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 4th quarter worth about $231,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in First Savings Financial Group in the 4th quarter valued at about $597,000. Renaissance Technologies LLC increased its stake in shares of First Savings Financial Group by 91.2% during the 4th quarter. Renaissance Technologies LLC now owns 56,800 shares of the bank's stock valued at $1,509,000 after acquiring an additional 27,100 shares during the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of First Savings Financial Group by 1.8% during the 4th quarter. Cerity Partners LLC now owns 69,621 shares of the bank's stock worth $1,849,000 after acquiring an additional 1,200 shares during the period. 35.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on FSFG shares. 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. Piper Sandler increased their target price on First Savings Financial Group from $30.00 to $32.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 29th. Maxim Group boosted their price target on First Savings Financial Group from $28.00 to $31.00 and gave the company a "buy" rating in a research report 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 price objective on the stock in a report on Tuesday, May 6th.

First Savings Financial Group Stock Performance

NASDAQ:FSFG opened at $27.58 on Friday. The firm's fifty day simple moving average is $25.07 and its 200 day simple moving average is $26.09. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 1.96. First Savings Financial Group, Inc. has a twelve month low of $16.12 and a twelve month high of $30.94. The firm has a market capitalization of $190.72 million, a price-to-earnings ratio of 10.07 and a beta of 0.40.

First Savings Financial Group (NASDAQ:FSFG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The bank reported $0.76 EPS for the quarter, topping 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 company had revenue of $19.55 million for the quarter, compared to analysts' expectations of $15.55 million. As a group, equities research analysts expect 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 disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.32%. This is a positive change 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.

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