First Savings Financial Group Inc (NASDAQ:FSFG) Short Interest Update

First Savings Financial Group Inc (NASDAQ:FSFG) saw a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 49,800 shares, a decrease of 9.9% from the April 30th total of 55,300 shares. Based on an average daily trading volume, of 2,800 shares, the short-interest ratio is currently 17.8 days. Approximately 3.0% of the shares of the stock are short sold.

In other news, Director Frank Czeschin purchased 1,700 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was bought at an average cost of $56.51 per share, with a total value of $96,067.00. Following the completion of the purchase, the director now owns 1,794 shares in the company, valued at $101,378.94. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have purchased 5,317 shares of company stock valued at $309,367 and have sold 693 shares valued at $40,311. 17.30% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in FSFG. BlackRock Inc. grew its stake in First Savings Financial Group by 5.4% during the 4th quarter. BlackRock Inc. now owns 82,272 shares of the bank’s stock worth $4,273,000 after buying an additional 4,184 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of First Savings Financial Group in the 1st quarter valued at about $126,000. Finally, Geode Capital Management LLC lifted its holdings in shares of First Savings Financial Group by 13.8% in the 4th quarter. Geode Capital Management LLC now owns 7,342 shares of the bank’s stock valued at $381,000 after buying an additional 891 shares during the period. Hedge funds and other institutional investors own 27.57% of the company’s stock.

Shares of NASDAQ:FSFG traded down $0.37 during trading on Friday, hitting $59.53. The company had a trading volume of 6,551 shares, compared to its average volume of 15,399. First Savings Financial Group has a one year low of $45.36 and a one year high of $74.30. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.98 and a current ratio of 1.04. The company has a market cap of $140.46 million, a PE ratio of 11.11 and a beta of 0.35. The stock has a fifty day moving average price of $59.11.

First Savings Financial Group (NASDAQ:FSFG) last released its quarterly earnings data on Monday, April 29th. The bank reported $1.50 EPS for the quarter, topping the consensus estimate of $1.27 by $0.23. First Savings Financial Group had a return on equity of 12.36% and a net margin of 18.27%. The company had revenue of $16.95 million for the quarter.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.64 annualized dividend and a yield of 1.08%.

About First Savings Financial Group

First Savings Financial Group, Inc operates as the holding company for First Savings Bank that provides various banking products and services to consumers and businesses in southern Indiana. The company operates through Core Banking and SBA Lending segments. It accepts deposits, such as checking accounts, NOW and money market accounts, regular savings accounts, and time deposits.

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