First Savings Financial Group Inc (NASDAQ:FSFG)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $56.21 and last traded at $56.12, with a volume of 90 shares. The stock had previously closed at $57.20.
A number of research firms have weighed in on FSFG. Maxim Group restated a “buy” rating and issued a $75.00 target price on shares of First Savings Financial Group in a research report on Tuesday, November 20th. ValuEngine downgraded First Savings Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th.
The stock has a market capitalization of $129.77 million, a price-to-earnings ratio of 10.97 and a beta of 0.24. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.91 and a quick ratio of 0.88.
First Savings Financial Group (NASDAQ:FSFG) last released its earnings results on Wednesday, November 14th. The bank reported $1.16 earnings per share for the quarter. The firm had revenue of $14.11 million during the quarter. First Savings Financial Group had a return on equity of 12.67% and a net margin of 19.66%.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 7th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $0.60 dividend on an annualized basis and a yield of 1.05%.
In other First Savings Financial Group news, Director Samuel E. Eckart sold 666 shares of the company’s stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $58.03, for a total value of $38,647.98. Following the completion of the sale, the director now directly owns 12,965 shares in the company, valued at $752,358.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 16.73% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in shares of First Savings Financial Group by 14,525.5% during the 2nd quarter. BlackRock Inc. now owns 74,590 shares of the bank’s stock valued at $5,481,000 after acquiring an additional 74,080 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of First Savings Financial Group by 17.3% during the 3rd quarter. Alliancebernstein L.P. now owns 34,793 shares of the bank’s stock valued at $2,376,000 after acquiring an additional 5,131 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of First Savings Financial Group during the 2nd quarter valued at $339,000. Northern Trust Corp acquired a new stake in shares of First Savings Financial Group during the 2nd quarter valued at $328,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in shares of First Savings Financial Group during the 2nd quarter valued at $258,000. Hedge funds and other institutional investors own 25.19% of the company’s stock.
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First Savings Financial Group Company Profile (NASDAQ:FSFG)
First Savings Financial Group, Inc operates as the holding company for First Savings Bank that provides various banking services to individuals and business customers in southern Indiana. The company operates through Core Banking and SBA Lending segments. It accepts deposits, such as checking accounts, NOW and money market accounts, regular savings accounts, time deposits, and certificates of deposit.
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