Short Interest in First Savings Financial Group Inc (NASDAQ:FSFG) Decreases By 32.4%

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First Savings Financial Group Inc (NASDAQ:FSFG) saw a significant drop in short interest in the month of August. As of August 15th, there was short interest totalling 2,300 shares, a drop of 32.4% from the July 15th total of 3,400 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 7,100 shares, the days-to-cover ratio is presently 0.3 days.

In other First Savings Financial Group news, Director Frank Czeschin bought 3,592 shares of First Savings Financial Group stock in a transaction on Thursday, June 13th. The stock was bought at an average price of $58.98 per share, with a total value of $211,856.16. Following the completion of the acquisition, the director now owns 1,794 shares in the company, valued at $105,810.12. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 17.30% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new stake in shares of First Savings Financial Group during the 1st quarter worth $126,000. Morgan Stanley increased its position in First Savings Financial Group by 84.4% in the second quarter. Morgan Stanley now owns 2,967 shares of the bank’s stock worth $179,000 after buying an additional 1,358 shares during the period. Geode Capital Management LLC boosted its stake in 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 buying an additional 891 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of First Savings Financial Group in the 2nd quarter valued at $472,000. Finally, Paloma Partners Management Co purchased a new stake in First Savings Financial Group in the 2nd quarter worth about $528,000. Hedge funds and other institutional investors own 23.84% of the company’s stock.

Shares of NASDAQ:FSFG traded down $2.02 during midday trading on Tuesday, hitting $58.24. 3,500 shares of the stock were exchanged, compared to its average volume of 4,306. The stock has a market cap of $142.24 million, a P/E ratio of 9.91 and a beta of 0.35. The company has a current ratio of 1.08, a quick ratio of 0.98 and a debt-to-equity ratio of 1.80. First Savings Financial Group has a twelve month low of $45.36 and a twelve month high of $72.25. The company has a 50 day moving average price of $60.45 and a 200-day moving average price of $56.99.

First Savings Financial Group (NASDAQ:FSFG) last released its quarterly earnings results on Friday, August 2nd. The bank reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.72. The business had revenue of $23.39 million during the quarter. First Savings Financial Group had a return on equity of 13.43% and a net margin of 18.26%.

Separately, Maxim Group set a $75.00 price target on First Savings Financial Group and gave the stock a “buy” rating in a research note on Monday, August 12th.

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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