First Savings Financial Group, Inc. (NASDAQ:FSFG) Raises Dividend to $0.16 Per Share

First Savings Financial Group, Inc. (NASDAQ:FSFG) announced a quarterly dividend on Friday, February 28th, RTT News reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.16 per share by the bank on Monday, March 31st. This represents a $0.64 dividend on an annualized basis and a yield of 2.50%. This is a boost from First Savings Financial Group’s previous quarterly dividend of $0.15.

First Savings Financial Group has increased its dividend payment by an average of 12.6% per year over the last three years and has raised its dividend every year for the last 11 years. First Savings Financial Group has a dividend payout ratio of 20.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect First Savings Financial Group to earn $2.60 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 23.1%.

First Savings Financial Group Stock Up 1.4 %

Shares of FSFG traded up $0.36 during mid-day trading on Friday, hitting $25.62. 9,144 shares of the company’s stock were exchanged, compared to its average volume of 9,914. The company has a market cap of $177.16 million, a price-to-earnings ratio of 9.35 and a beta of 0.74. First Savings Financial Group has a fifty-two week low of $14.55 and a fifty-two week high of $30.94. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.07 and a current ratio of 1.08. The stock’s 50-day moving average is $25.16 and its 200-day moving average is $25.57.

First Savings Financial Group (NASDAQ:FSFG) last issued its quarterly earnings results on Tuesday, January 28th. The bank reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.06). First Savings Financial Group had a return on equity of 8.79% and a net margin of 13.34%. On average, sell-side analysts anticipate that First Savings Financial Group will post 2.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

FSFG has been the topic of several analyst reports. Piper Sandler reduced their target price on shares of First Savings Financial Group from $33.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. StockNews.com cut shares of First Savings Financial Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 14th. Finally, Maxim Group set a $28.00 target price on shares of First Savings Financial Group and gave the company a “buy” rating in a report on Tuesday, February 4th.

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.