First Savings Financial Group, Inc. (NASDAQ: FSFG – Get a rating) was the target of a sharp decline in short-term interest in April. As of April 30, there was short interest totaling 1,700 shares, down 43.3% from the total of 3,000 shares on April 15. Based on an average daily volume of 5,900 shares, the day-to-cover ratio is currently 0.3 days.
In other First Savings Financial Group news, Director Frank Czeschin purchased 3,000 shares of the company in a trade on Thursday, April 28. The shares were acquired at an average cost of $24.91 per share, with a total value of $74,730.00. Following the purchase, the director now directly owns 30,876 shares of the company, valued at approximately $769,121.16. The acquisition was disclosed in a legal filing with the SEC, available at this link. Insiders of the company own 14.26% of the shares of the company.
Institutional investors have recently been buying and selling shares of the stock. Morgan Stanley increased its stake in shares of First Savings Financial Group by 25.2% in the second quarter. Morgan Stanley now owns 820 shares of the bank worth $61,000 after acquiring 165 more shares in the last quarter. Royal Bank of Canada increased its stake in shares of First Savings Financial Group by 365.6% in the second quarter. Royal Bank of Canada now owns 759 shares of the bank worth $56,000 after acquiring 596 more shares last quarter. PNC Financial Services Group Inc. increased its stake in shares of First Savings Financial Group by 177.5% in the third quarter. PNC Financial Services Group Inc. now owns 11,100 shares of the bank worth $310,000 after acquiring an additional 7,100 shares last quarter. Russell Investments Group Ltd. increased its stake in shares of First Savings Financial Group by 200.0% in the third quarter. Russell Investments Group Ltd. now owns 13,224 shares of the bank worth $371,000 after acquiring 8,816 additional shares in the last quarter. Finally, BlackRock Inc. increased its stake in shares of First Savings Financial Group by 198.3% in the third quarter. BlackRock Inc. now owns 49,695 shares of the bank worth $1,390,000 after acquiring 33,037 additional shares last quarter. Hedge funds and other institutional investors hold 30.48% of the company’s shares.
Shares of NASDAQ FSFG traded at $0.28 in Friday’s midday session, reaching $24.29. 7,463 shares were traded, against an average volume of 7,676. The company has a 50-day simple moving average of $24.93 and a 200-day simple moving average of $25.95. The stock has a market capitalization of $174.16 million, a P/E ratio of 8.52 and a beta of 0.79. The company has a debt ratio of 1.51, a quick ratio of 0.93 and a current ratio of 1.05. First Savings Financial Group has a 12-month low of $22.57 and a 12-month high of $29.98.
First financial savings group (NASDAQ: FSFG – Get a rating) last released its results on Monday, April 25. The bank reported earnings per share of $0.98 for the quarter, beating the consensus estimate of $0.54 by $0.44. First Savings Financial Group posted a net margin of 15.08% and a return on equity of 11.34%. On average, research analysts expect First Savings Financial Group to post earnings per share of 2.92 for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 31. Investors of record on Thursday, March 17 received a dividend of $0.13. This represents an annualized dividend of $0.52 and a yield of 2.14%. The ex-dividend date was Wednesday, March 16. This is an increase from First Savings Financial Group’s previous quarterly dividend of $0.12. First Savings Financial Group’s dividend payout ratio (DPR) is 18.25%.
A number of analysts have recently released reports on the stock. StockNews.com purported coverage of First Savings Financial Group shares in a report released Friday. They set a “holding” rating for the company. Zacks Investment Research upgraded shares of First Savings Financial Group from a “sell” rating to a “hold” rating in a Tuesday, March 29 report.
First Savings Financial Group Company Profile (Get a rating)
First Savings Financial Group, Inc operates as a bank holding company for First Savings Bank which 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 term deposits.
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