First Savings Financial Group (FSFG) Hits New 1-Year High After Better-Than-Expected Earnings

First Savings Financial Group Inc (NASDAQ:FSFG) shares hit a new 52-week high on Monday following a better than expected earnings announcement. The company traded as high as $59.83 and last traded at $59.83, with a volume of 4493 shares. The stock had previously closed at $58.07.

The bank reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.38. The company had revenue of $10.96 million for the quarter. First Savings Financial Group had a return on equity of 11.56% and a net margin of 23.08%.

Separately, Maxim Group raised their price objective on First Savings Financial Group from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Monday, November 20th.

In other First Savings Financial Group news, Director Samuel E. Eckart sold 500 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $56.88, for a total value of $28,440.00. Following the completion of the transaction, the director now directly owns 10,114 shares in the company, valued at $575,284.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jacqueline R. Journell sold 2,000 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $56.71, for a total value of $113,420.00. The disclosure for this sale can be found here. Insiders sold 3,134 shares of company stock worth $178,048 over the last ninety days. 16.73% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the business. Stilwell Value LLC raised its position in First Savings Financial Group by 5,178.0% in the second quarter. Stilwell Value LLC now owns 1,055,600 shares of the bank’s stock valued at $1,056,000 after purchasing an additional 1,035,600 shares during the last quarter. Macquarie Group Ltd. bought a new position in First Savings Financial Group in the third quarter valued at about $108,000. ZPR Investment Management raised its position in First Savings Financial Group by 1.9% in the second quarter. ZPR Investment Management now owns 6,244 shares of the bank’s stock valued at $342,000 after purchasing an additional 117 shares during the last quarter. State Street Corp bought a new position in First Savings Financial Group in the second quarter valued at about $224,000. Finally, Vanguard Group Inc. raised its position in First Savings Financial Group by 15.6% in the second quarter. Vanguard Group Inc. now owns 25,259 shares of the bank’s stock valued at $1,382,000 after purchasing an additional 3,417 shares during the last quarter. Hedge funds and other institutional investors own 17.95% of the company’s stock.

The company has a current ratio of 0.98, a quick ratio of 0.94 and a debt-to-equity ratio of 1.27. The company has a market cap of $130.75, a PE ratio of 13.02 and a beta of 0.23.

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First Savings Financial Group Company Profile

First Savings Financial Group, Inc is a bank holding company for First Savings Bank (the Bank). The Company’s principal business activity is the ownership of the outstanding common stock of First Savings Bank. The Bank operates as a community-oriented financial institution offering traditional financial services to consumers and businesses in its primary market area.

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