First Savings Financial Group, Inc. (NASDAQ:FSFG) Plans Quarterly Dividend of $0.15

First Savings Financial Group, Inc. (NASDAQ:FSFG) announced a quarterly dividend on Wednesday, November 27th,Wall Street Journal reports. Stockholders of record on Monday, December 16th will be given a dividend of 0.15 per share by the bank on Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Monday, December 16th.

First Savings Financial Group has raised its dividend by an average of 35.2% annually over the last three years and has raised its dividend annually for the last 11 consecutive years. First Savings Financial Group has a payout ratio of 21.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect First Savings Financial Group to earn $2.75 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 21.8%.

First Savings Financial Group Stock Down 3.0 %

Shares of NASDAQ:FSFG opened at $28.13 on Friday. The company has a 50-day moving average price of $27.36 and a 200 day moving average price of $22.88. The company has a current ratio of 1.16, a quick ratio of 1.09 and a debt-to-equity ratio of 2.83. First Savings Financial Group has a 12 month low of $14.55 and a 12 month high of $30.94. The company has a market cap of $193.53 million, a price-to-earnings ratio of 14.21 and a beta of 0.73.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FSFG. Hovde Group began coverage on First Savings Financial Group in a report on Wednesday, September 11th. They issued a “market perform” rating and a $24.00 target price for the company. Piper Sandler raised their price target on First Savings Financial Group from $27.50 to $31.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, StockNews.com upgraded shares of First Savings Financial Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th.

First Savings Financial Group Company Profile

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.