Strong Performance and Attractive Valuation Underpin Buy Rating for First Savings Financial Group
TipRanks (Tue, 30-Apr 7:35 AM ET)
Globe Newswire (Thu, 25-Apr 7:00 PM ET)
First Savings Financial Group, Inc. Announces Quarterly Cash Dividend
Globe Newswire (Wed, 28-Feb 5:22 PM ET)
First Savings Financial Group Inc provides various banking services to individuals and business customers in southern Indiana. The bank accepts deposits from the general public & uses those funds, along with other borrowings, mainly to originate a residential mortgage, commercial mortgage, construction, commercial business, & consumer loans, and to a lesser extent, to invest in mortgage-backed securities and other securities. It conducts lending and deposit activities mainly with individuals and small businesses in its market area. The bank operates in three segments: core banking, which accounts for majority revenue; SBA lending; and mortgage banking.
First Savings Financial Group trades on the NASDAQ stock market under the symbol FSFG.
As of May 3, 2024, FSFG stock price climbed to $16.39 with 8,480 million shares trading.
FSFG has a market cap of $112.83 million. This is considered a Micro Cap stock.
Last quarter First Savings Financial Group reported $14 million in Revenue and $.52 earnings per share. This fell short of revenue expectation by $-342,000 and exceeded earnings estimates by $.07.
In the last 3 years, FSFG stock traded as high as $29.98 and as low as $11.74.
The top ETF exchange traded funds that FSFG belongs to (by Net Assets): VTI, VXF, ITOT, BSVO, IWC.
FSFG has underperformed the market in the last year with a return of +21.8%, while the SPY ETF gained +26.0%. In the last 3 month period, FSFG fell short of the market, returning -7.2%, while SPY returned +3.7%. However, in the most recent 2 weeks FSFG has outperformed the stock market by returning +11.9%, while SPY returned +2.3%.
FSFG support price is $15.47 and resistance is $16.64 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FSFG stock will trade within this expected range on the day.