First Savings Financial Group, Inc. (FSFG) To Go Ex-Dividend on June 15th

First Savings Financial Group, Inc. (NASDAQ:FSFGGet Rating) announced a quarterly dividend on Wednesday, May 25th, Zacks reports. Shareholders of record on Thursday, June 16th will be paid a dividend of 0.13 per share by the bank on Thursday, June 30th. This represents a $0.52 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Wednesday, June 15th.

First Savings Financial Group has increased its dividend by an average of 28.1% per year over the last three years and has raised its dividend every year for the last 9 years. First Savings Financial Group has a dividend payout ratio of 16.9% meaning its dividend is sufficiently covered by earnings. Analysts expect First Savings Financial Group to earn $3.07 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 16.9%.

FSFG traded up $0.97 during trading on Friday, reaching $25.33. 5,552 shares of the stock traded hands, compared to its average volume of 5,854. The company has a quick ratio of 0.93, a current ratio of 1.05 and a debt-to-equity ratio of 1.93. The stock has a market capitalization of $181.62 million, a PE ratio of 8.89 and a beta of 0.79. The stock’s 50-day moving average is $24.81 and its 200 day moving average is $25.77. First Savings Financial Group has a 12 month low of $23.38 and a 12 month high of $29.98.

First Savings Financial Group (NASDAQ:FSFGGet Rating) last issued its quarterly earnings results on Monday, April 25th. The bank reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.44. First Savings Financial Group had a net margin of 15.08% and a return on equity of 11.35%. As a group, equities research analysts anticipate that First Savings Financial Group will post 2.92 EPS for the current year.

A number of brokerages have commented on FSFG. Hovde Group initiated coverage on shares of First Savings Financial Group in a research report on Wednesday, May 18th. They set an “outperform” rating and a $30.00 price target on the stock. StockNews.com initiated coverage on shares of First Savings Financial Group in a research report on Saturday, May 21st. They set a “hold” rating on the stock. Finally, Zacks Investment Research raised shares of First Savings Financial Group from a “sell” rating to a “hold” rating in a research report on Tuesday, March 29th.

In related news, Director Frank Czeschin acquired 3,000 shares of the firm’s stock in a transaction on Thursday, April 28th. The stock was purchased at an average cost of $24.91 per share, with a total value of $74,730.00. Following the acquisition, the director now owns 30,876 shares of the company’s stock, valued at approximately $769,121.16. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 14.26% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in FSFG. Morgan Stanley grew its position in First Savings Financial Group by 25.2% in the 2nd quarter. Morgan Stanley now owns 820 shares of the bank’s stock worth $61,000 after purchasing an additional 165 shares in the last quarter. Royal Bank of Canada grew its holdings 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’s stock valued at $56,000 after acquiring an additional 596 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of First Savings Financial Group by 3.4% during the fourth quarter. Renaissance Technologies LLC now owns 21,600 shares of the bank’s stock valued at $570,000 after acquiring an additional 706 shares during the last quarter. BlackRock Inc. lifted its holdings in First Savings Financial Group by 2.0% during the fourth quarter. BlackRock Inc. now owns 50,677 shares of the bank’s stock worth $1,338,000 after acquiring an additional 982 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in First Savings Financial Group by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 51,312 shares of the bank’s stock worth $1,259,000 after purchasing an additional 1,220 shares during the last quarter. Institutional investors own 30.48% of the company’s stock.

About First Savings Financial Group (Get Rating)

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.

Featured Articles

Dividend History for First Savings Financial Group (NASDAQ:FSFG)

Receive News & Ratings for First Savings Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Savings Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.