First Savings Financial Group, Inc. (NASDAQ:FSFG) Increases Dividend to $0.16 Per Share

First Savings Financial Group, Inc. (NASDAQ:FSFG) announced a quarterly dividend on Friday, February 28th, RTT News reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.16 per share by the bank on Monday, March 31st. This represents a $0.64 annualized dividend and a yield of 2.50%. This is a boost from First Savings Financial Group’s previous quarterly dividend of $0.15.

First Savings Financial Group has increased its dividend by an average of 12.6% annually over the last three years and has raised its dividend every year for the last 11 years. First Savings Financial Group has a dividend payout ratio of 20.1% meaning its dividend is sufficiently covered by earnings. 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 $0.60 annual dividend with an expected future payout ratio of 23.1%.

First Savings Financial Group Stock Performance

FSFG stock opened at $25.62 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.96. The firm has a 50 day moving average of $25.16 and a two-hundred day moving average of $25.61. The company has a market capitalization of $177.16 million, a price-to-earnings ratio of 9.35 and a beta of 0.74. First Savings Financial Group has a 12 month low of $14.55 and a 12 month high of $30.94.

First Savings Financial Group (NASDAQ:FSFG) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.06). First Savings Financial Group had a return on equity of 8.79% and a net margin of 13.34%. As a group, equities analysts anticipate that First Savings Financial Group will post 2.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on FSFG shares. Maxim Group set a $28.00 price objective on shares of First Savings Financial Group and gave the stock a “buy” rating in a report on Tuesday, February 4th. StockNews.com cut shares of First Savings Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 14th. Finally, Piper Sandler cut their target price on shares of First Savings Financial Group from $33.00 to $30.00 and set an “overweight” rating for the company in a research note on Friday, January 31st.

About First Savings Financial Group

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.