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The short interest in First Savings Financial Group, Inc. (NASDAQ:FSFG) has decreased by 7.0%.

The short interest in First Savings Financial Group, Inc. (NASDAQ:FSFG) has decreased by 7.0%.

During December, there was a sizeable reduction in the number of short positions held in First Savings Financial Group, Inc. (NASDAQ: FSFG). There were 5,300 shares in short interest as of December 15, a decrease of 7.0% from the 5,700 shares total in short interest as of November 30. The market has an average daily trading volume of 8,600 shares, which is used to calculate the short-interest ratio, which is currently 0.6 days. This ratio was calculated based on the data.
The number of hedge funds and other types of institutional investors has either increased or decreased the percentage of their holdings invested in the company over the past few months. BNP Paribas Arbitrage SA increased the proportion of First Savings Financial Group stock owned by 5,979.6% during the year’s first three months. BNP Paribas Arbitrage SA now has 5,654 shares of the bank’s stock thanks to additional purchases of 5,561 shares during the period. The total value of these shares is $818,000, making the total amount paid for these shares $818,000. During the second quarter, Renaissance Technologies LLC increased its stake in First Savings Financial Group to 50 percent, bringing its ownership to 100 percent. Renaissance Technologies LLC now has 16,700 shares of the bank’s stock after purchasing an additional 800 shares during the most recent quarter. The value of these shares is $400,000, which means that the company has a total investment of that amount. During the first three months of 2018, NewEdge Advisors LLC spent approximately 470,000 dollars on new investments in First Savings Financial Group. NewEdge Advisors LLC made this investment. The value of State Street Corporation’s holdings in First Savings Financial Group increased by 8.2% during the first three months of 2018. State Street Corp. now owns 24,583 shares of the bank’s stock, valued at $603,000 after the company purchased 1,853 shares during the most recent quarter. Last but not least, during the second quarter of 2018, Strategic Value Bank Partners LLC invested a total of $1,152,000 into a new position that they hold within First Savings Financial Group. At present, institutions own 25.95% of the total shares of stock that are outstanding.
In related news, on December 14, 50,000 shares of the company’s stock were sold by Larry W. Myers, the company’s CEO, and has been mentioned previously in connection with this topic. Because of the stock sale, the company could bring in a total of one million dollars (US), with the price of each share averaging twenty-two dollars (US). As a direct result of the transaction, the Chief Executive Officer now owns 63,085 company shares, which have an estimated market value of $1,387,870. When you click on this link, you will be taken to a document given to the SEC. This document contains information about the transaction and the presentation given to the SEC. Individuals employed by the company hold 14.26% of the company’s shares.
Recently, numerous brokerage firms have indicated their interest in FSFG by expressing their desire to learn more about the company. In a research note released on Friday, November 4, Piper Sandler stated that they would now set their price objective for First Savings Financial Group stock at $27.00. This information was included in the note. On Saturday, StockNews.com released a comprehensive research report that marked the beginning of the website’s coverage of shares of First Savings Financial Group. They recommended that shareholders “hold” their shares of the company.
On Wednesday morning, the FSFG shares price opened at $19.95. The price held throughout the day. The business has a price-to-earnings ratio of 8.67 and a beta value of 0.66; these two metrics combine to give it a market capitalization of $139.45 million. Currently, the share price is trading at $22.85, while its moving average price over the previous 50 days is $21.88. The current ratio is 1.01, the quick ratio is 0.97, and the debt-to-equity ratio is 2.34. All three ratios are in the same range. There is little difference between any of the three ratios. The lowest point for First Savings Financial Group over the past year was $19.95, while the highest point for the company over the past year was $28.55.
First Savings Financial Group’s (NASDAQ: FSFG) most recent quarterly results report was made available to the public on October 27. The bank’s earnings per share for the previous quarter came in at $0.35, which is $0.37 less than the consensus projection of $0.72 per share for the bank’s earnings per share for the previous quarter. In addition, the actual revenue for the company was only $21.36 million, which is significantly lower than the consensus, which predicted that the company would bring in $28.20 million for the quarter. First, Savings Financial Group had a return on equity of 9.59 percent, and the net margin for the company was 13.45 percent. This year, First Savings Financial Group should generate a profit of 2.98 cents per share, as indicated by the estimates provided by sell-side analysts.

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