First Savings Financial Group, Inc. (NASDAQ:FSFG) to Issue 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 paid a dividend of 0.15 per share by the bank on Tuesday, December 31st. This represents a $0.60 annualized dividend 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 increased 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. Research 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 Performance

Shares of FSFG stock opened at $28.13 on Friday. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.09 and a current ratio of 1.16. The firm has a market cap of $193.53 million, a price-to-earnings ratio of 14.21 and a beta of 0.73. First Savings Financial Group has a 52 week low of $14.55 and a 52 week high of $30.94. The firm’s 50-day simple moving average is $27.36 and its two-hundred day simple moving average is $22.88.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FSFG. Hovde Group assumed coverage on First Savings Financial Group in a research report on Wednesday, September 11th. They issued a “market perform” rating and a $24.00 target price for the company. Piper Sandler increased their target price 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 First Savings Financial Group from a “buy” rating to a “strong-buy” rating in a research note 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.