First Savings Financial Group Inc (NASDAQ:FSFG) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totalling 2,300 shares, a decline of 32.4% from the June 30th total of 3,400 shares. Based on an average daily volume of 7,100 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold.
In other news, Director Frank Czeschin acquired 3,592 shares of the stock in a transaction dated Thursday, June 13th. The shares were acquired at an average cost of $58.98 per share, for a total transaction of $211,856.16. Following the completion of the transaction, the director now owns 1,794 shares in the company, valued at approximately $105,810.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders have bought 5,317 shares of company stock worth $309,367. 17.30% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in FSFG. Renaissance Technologies LLC lifted its position in shares of First Savings Financial Group by 141.0% during the second quarter. Renaissance Technologies LLC now owns 9,400 shares of the bank’s stock worth $564,000 after acquiring an additional 5,500 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of First Savings Financial Group during the second quarter valued at approximately $472,000. SG Americas Securities LLC purchased a new position in shares of First Savings Financial Group during the first quarter valued at approximately $126,000. Geode Capital Management LLC lifted its holdings in shares of First Savings Financial Group by 13.8% during the fourth quarter. Geode Capital Management LLC now owns 7,342 shares of the bank’s stock valued at $381,000 after purchasing an additional 891 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of First Savings Financial Group by 5.4% during the fourth quarter. BlackRock Inc. now owns 82,272 shares of the bank’s stock valued at $4,273,000 after purchasing an additional 4,184 shares during the last quarter. Hedge funds and other institutional investors own 27.34% of the company’s stock.
NASDAQ:FSFG traded up $0.06 during trading hours on Tuesday, reaching $61.10. The company had a trading volume of 325 shares, compared to its average volume of 2,676. The business has a 50-day simple moving average of $60.06. First Savings Financial Group has a one year low of $45.36 and a one year high of $72.25. The firm has a market cap of $142.44 million, a price-to-earnings ratio of 9.94 and a beta of 0.35. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 1.64.
First Savings Financial Group (NASDAQ:FSFG) last announced its quarterly earnings results on Friday, August 2nd. The bank reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.72. First Savings Financial Group had a return on equity of 13.79% and a net margin of 18.26%. The firm had revenue of $23.39 million for the quarter.
First Savings Financial Group Company Profile
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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