First Savings Financial Group, Inc. (NASDAQ: FSFG – Get a rating) was the target of strong short-term interest growth in May. As of May 15, there was short interest totaling 2,500 shares, up 47.1% from the total of 1,700 shares as of April 30. Based on an average daily trading volume of 5,500 shares, the day-to-cover ratio is currently 0.5 days.
Separately, director Frank Czeschin purchased 3,000 shares of the company in a transaction that took place 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 transaction, the director now owns 30,876 shares of the company, valued at approximately $769,121.16. The acquisition was disclosed in a filing with the SEC, accessible via this hyperlink. Insiders of the company own 14.26% of the shares of the company.
Several hedge funds and other institutional investors have recently changed their positions in the company. Royal Bank of Canada increased its stake in 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 buying an additional 596 shares last quarter. Morgan Stanley increased its stake in First Savings Financial Group by 25.2% in the second quarter. Morgan Stanley now owns 820 shares of the bank worth $61,000 after buying an additional 165 shares in the last quarter. Copeland Capital Management LLC acquired a new position in First Savings Financial Group in the fourth quarter worth approximately $34,000. UBS Group AG increased its stake in First Savings Financial Group by 1,239.3% in the third quarter. UBS Group AG now owns 3,000 shares in the bank worth $84,000 after buying 2,776 more shares last quarter. Finally, Barclays PLC increased its stake in First Savings Financial Group by 198.2% in the third quarter. Barclays PLC now owns 4,145 shares in the bank worth $116,000 after buying an additional 2,755 shares last quarter. 30.48% of the shares are currently held by institutional investors and hedge funds.
Several brokerages have recently weighed in on FSFG. StockNews.com began covering First Savings Financial Group in a research report on Sunday. They issued a “holding” rating on the stock. Hovde Group took over coverage from First Savings Financial Group in a Wednesday, May 18 research report. They issued an “outperform” rating and a $30.00 price target on the stock. To finish, Zacks Investment Research upgraded First Savings Financial Group from a “sell” to a “hold” rating in a Tuesday, March 29 research report.
NASDAQ: FSFG held steady at $25.33 during midday trading on Friday. The company’s shares had a trading volume of 3,989 shares, compared to an average volume of 6,533. First Savings Financial Group has a one-year low of $23.38 and a one-year high of $29.98 $. The company has a market capitalization of $181.62 million, a price-earnings ratio of 8.89 and a beta of 0.79. The company has a quick ratio of 0.93, a current ratio of 1.05 and a debt ratio of 1.93. The company has a 50-day simple moving average of $24.81 and a two-hundred-day simple moving average of $25.74.
First financial savings group (NASDAQ: FSFG – Get a rating) last announced its results on Monday, April 25. The bank reported earnings per share (EPS) of $0.98 for the quarter, beating consensus analyst estimates of $0.54 by $0.44. First Savings Financial Group achieved a return on equity of 11.35% and a net margin of 15.08%. As a group, sell-side analysts expect First Savings Financial Group to post EPS of 2.92 for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30. Shareholders of record on Thursday, June 16 will receive a dividend of $0.13 per share. This represents a dividend of $0.52 on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Wednesday, June 15. First Savings Financial Group’s payout ratio is 18.25%.
About First Savings Financial Group (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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