First Savings Financial Group, Inc. (NASDAQ:FSFG) Short Interest Up 100.0% in April

First Savings Financial Group, Inc. (NASDAQ:FSFGGet Rating) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 3,000 shares, a growth of 100.0% from the March 31st total of 1,500 shares. Based on an average trading volume of 5,500 shares, the days-to-cover ratio is currently 0.5 days.

Shares of NASDAQ:FSFG traded down $0.01 during trading hours on Friday, reaching $24.94. The stock had a trading volume of 5,455 shares, compared to its average volume of 4,533. First Savings Financial Group has a 1 year low of $22.57 and a 1 year high of $29.98. The firm’s 50 day moving average is $25.15 and its 200-day moving average is $26.27. The stock has a market capitalization of $178.82 million, a price-to-earnings ratio of 8.75 and a beta of 0.85. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 1.05.

First Savings Financial Group (NASDAQ:FSFGGet Rating) last posted its earnings results on Monday, April 25th. The bank reported $0.98 EPS for the quarter, beating the consensus estimate of $0.54 by $0.44. First Savings Financial Group had a return on equity of 11.34% and a net margin of 15.08%. Analysts forecast that First Savings Financial Group will post 2.92 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Thursday, March 17th were issued a $0.13 dividend. The ex-dividend date was Wednesday, March 16th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.09%. This is an increase from First Savings Financial Group’s previous quarterly dividend of $0.12. First Savings Financial Group’s dividend payout ratio is presently 18.25%.

Several analysts have recently issued reports on the company. StockNews.com assumed coverage on First Savings Financial Group in a research note on Wednesday. They issued a “hold” rating on the stock. Zacks Investment Research upgraded First Savings Financial Group from a “sell” rating to a “hold” rating in a research note on Tuesday, March 29th.

In other news, Director Frank Czeschin bought 3,000 shares of the company’s stock in a transaction on Thursday, April 28th. The stock was bought at an average cost of $24.91 per share, with a total value of $74,730.00. Following the transaction, the director now directly owns 30,876 shares in the company, valued at approximately $769,121.16. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 14.26% of the company’s stock.

A number of hedge funds have recently bought and sold shares of FSFG. Copeland Capital Management LLC purchased a new position in First Savings Financial Group in the fourth quarter valued at approximately $34,000. Royal Bank of Canada raised its stake in First Savings Financial Group by 365.6% during the 2nd quarter. Royal Bank of Canada now owns 759 shares of the bank’s stock worth $56,000 after acquiring an additional 596 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in First Savings Financial Group by 200.0% in the third quarter. Geneos Wealth Management Inc. now owns 2,052 shares of the bank’s stock valued at $57,000 after acquiring an additional 1,368 shares during the last quarter. Morgan Stanley boosted its stake in First Savings Financial Group by 25.2% in the second quarter. Morgan Stanley now owns 820 shares of the bank’s stock valued at $61,000 after acquiring an additional 165 shares in the last quarter. Finally, UBS Group AG grew its holdings in shares of First Savings Financial Group by 1,239.3% during the third quarter. UBS Group AG now owns 3,000 shares of the bank’s stock worth $84,000 after purchasing an additional 2,776 shares during the last quarter. Hedge funds and other institutional investors own 30.05% 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.

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