Petiole USA ltd Makes New Investment in First Savings Financial Group, Inc. (NASDAQ:FSFG)

Petiole USA ltd bought a new position in First Savings Financial Group, Inc. (NASDAQ:FSFGGet Rating) during the 4th quarter, Holdings Channel.com reports. The fund bought 22,338 shares of the bank’s stock, valued at approximately $590,000.

A number of other large investors have also recently made changes to their positions in the business. Morgan Stanley boosted its position in First Savings Financial Group by 25.2% in the second quarter. Morgan Stanley now owns 820 shares of the bank’s stock worth $61,000 after purchasing an additional 165 shares during the last quarter. Royal Bank of Canada boosted its position in First Savings Financial Group by 365.6% in the second quarter. Royal Bank of Canada now owns 759 shares of the bank’s stock worth $56,000 after purchasing an additional 596 shares during the last quarter. Copeland Capital Management LLC purchased a new position in First Savings Financial Group in the fourth quarter worth about $34,000. Geneos Wealth Management Inc. raised its stake in shares of 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 worth $57,000 after buying an additional 1,368 shares during the period. Finally, Barclays PLC raised its stake in shares of First Savings Financial Group by 198.2% in the third quarter. Barclays PLC now owns 4,145 shares of the bank’s stock worth $116,000 after buying an additional 2,755 shares during the period. 30.48% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently commented on FSFG. StockNews.com began coverage on First Savings Financial Group in a research note on Friday. They issued a “hold” rating on the stock. Zacks Investment Research raised First Savings Financial Group from a “sell” rating to a “hold” rating in a research note on Tuesday, March 29th.

In other First Savings Financial Group news, Director Frank Czeschin bought 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 28th. The shares were bought at an average price of $24.91 per share, with a total value of $74,730.00. Following the purchase, the director now owns 30,876 shares of the company’s stock, valued at $769,121.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 14.26% of the stock is currently owned by company insiders.

Shares of NASDAQ FSFG traded up $0.32 during trading on Tuesday, hitting $24.57. The company had a trading volume of 1,257 shares, compared to its average volume of 5,938. The stock has a 50 day simple moving average of $24.92 and a 200 day simple moving average of $25.92. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.93 and a current ratio of 1.05. First Savings Financial Group, Inc. has a 12 month low of $23.00 and a 12 month high of $29.98. The firm has a market capitalization of $176.17 million, a P/E ratio of 8.51 and a beta of 0.79.

First Savings Financial Group (NASDAQ:FSFGGet Rating) last issued its earnings results on Monday, April 25th. The bank reported $0.98 earnings per share (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%. As a group, analysts predict that First Savings Financial Group, Inc. will post 2.92 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Thursday, March 17th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.12%. The ex-dividend date was Wednesday, March 16th. 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%.

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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Institutional Ownership by Quarter for First Savings Financial Group (NASDAQ:FSFG)

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