First Savings Financial Group, Inc. (NASDAQ:FSFG) Declares Quarterly Dividend of $0.16

First Savings Financial Group, Inc. (NASDAQ:FSFG) announced a quarterly dividend on Monday, December 1st. Stockholders of record on Monday, December 15th will be given a dividend of 0.16 per share by the bank on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, December 15th.

First Savings Financial Group has increased its dividend by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 12 consecutive years. First Savings Financial Group has a payout ratio of 18.6% indicating that its dividend is sufficiently covered by earnings. Equities 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 $0.64 annual dividend with an expected future payout ratio of 24.6%.

First Savings Financial Group Trading Down 0.3%

Shares of FSFG traded down $0.08 during mid-day trading on Tuesday, reaching $31.27. The stock had a trading volume of 442 shares, compared to its average volume of 21,282. The business’s fifty day moving average is $30.41 and its 200 day moving average is $27.72. The firm has a market cap of $218.45 million, a price-to-earnings ratio of 9.46 and a beta of 0.54. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.16 and a quick ratio of 1.12. First Savings Financial Group has a 52-week low of $21.63 and a 52-week high of $33.00.

First Savings Financial Group (NASDAQ:FSFG) last posted its earnings results on Thursday, October 30th. The bank reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.06. The firm had revenue of $21.79 million during the quarter, compared to the consensus estimate of $17.21 million. First Savings Financial Group had a net margin of 15.82% and a return on equity of 11.73%. On average, sell-side analysts predict that First Savings Financial Group will post 2.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on FSFG shares. Wall Street Zen downgraded shares of First Savings Financial Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of First Savings Financial Group in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, First Savings Financial Group currently has an average rating of “Buy” and a consensus target price of $32.33.

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.