First Savings Financial Group (NASDAQ:FSFG) Stock Passes Above 200-Day Moving Average – Time to Sell?

First Savings Financial Group, Inc. (NASDAQ:FSFG)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $24.25 and traded as high as $26.49. First Savings Financial Group shares last traded at $25.89, with a volume of 9,142 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FSFG. Piper Sandler boosted their price objective on First Savings Financial Group from $27.50 to $31.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. StockNews.com lowered shares of First Savings Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 2nd.

First Savings Financial Group Stock Performance

The company has a 50 day simple moving average of $27.97 and a 200-day simple moving average of $24.31. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.16 and a quick ratio of 1.09. The stock has a market cap of $171.69 million, a P/E ratio of 12.57 and a beta of 0.75.

First Savings Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a $0.15 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.60 dividend on an annualized basis and a yield of 2.41%. First Savings Financial Group’s payout ratio is 30.30%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Empowered Funds LLC increased its holdings in shares of First Savings Financial Group by 5.3% in the third quarter. Empowered Funds LLC now owns 32,198 shares of the bank’s stock worth $767,000 after buying an additional 1,608 shares during the period. Cerity Partners LLC grew its position in First Savings Financial Group by 166.0% during the 3rd quarter. Cerity Partners LLC now owns 68,421 shares of the bank’s stock worth $1,629,000 after acquiring an additional 42,696 shares during the last quarter. Fourthstone LLC grew its position in First Savings Financial Group by 166.2% during the 3rd quarter. Fourthstone LLC now owns 214,671 shares of the bank’s stock worth $5,111,000 after acquiring an additional 134,029 shares during the last quarter. Barclays PLC increased its stake in First Savings Financial Group by 72.9% in the 3rd 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 period. Finally, Geode Capital Management LLC lifted its position in First Savings Financial Group by 1.2% in the third quarter. Geode Capital Management LLC now owns 58,253 shares of the bank’s stock valued at $1,387,000 after purchasing an additional 690 shares during the last quarter. 35.22% of the stock is owned by hedge funds and other institutional investors.

First Savings Financial Group Company 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.