(NASDAQ:FSFG) shares saw light trading volume with 40 shares changing hands on Tuesday. Trading volume was down 95.26% under the stocks average daily volume.
Short traders are feeling a little more bearish on First Savings Financ lately if you watch the motion in short interest. The firm realized a rise in short interest between September 29, 2017 and October 13, 2017 of 103.32%. Short interest grew 623 over that period. With short interest at 1,226 and short average daily volume at 1,074, days to cover is 1.0 and the percentage of shorted shares was 0.00% on October 13.
There has been some selling insider activity on First Savings Financ (NASDAQ:FSFG) recently. President & CEO Larry W. Myers let go of 18 shares at an average price of $53.00 on Wed the 13th. That brings the President & CEO’s holdings to $245,390 as recorded in a recent Form 4 SEC filing. Director Samuel E. Eckart disclosed the sale of 17 shares of FSFG stock. The shares were purchased at an average price of $53.00. Eckart now owns $580,244 of the stock according to the SEC filing.
A few notable investment firms have updated their holdings. Tcw Group Inc downsized its holdings by selling 3,000 shares a decrease of 5.8% from 06/30/2017 to 09/30/2017. Tcw Group Inc currently owns 48,723 shares worth $2,577,000. The total value of its holdings decreased 9.0%. Wells Fargo & Company/mn trimmed its position by shedding 1 shares a decrease of 0.1%. Wells Fargo & Company/mn now holds 1,526 shares with a value of $82,000. The value of the position overall is up by 1.2%.
As of quarter end Wellington Management Group Llp had sold a total of 5,235 shares trimming its stake by 33.4%. The value of the total investment in First Savings Financ went from $857,000 to $551,000 decreasing 35.7% since the last quarter. Basswood Capital Management, L.l.c. augmented its investment by buying 3,040 shares an increase of 47.8% as of 09/30/2017. Basswood Capital Management, L.l.c. controls 9,402 shares valued at $502,000. The total value of its holdings increased 49.4%.
Maxim Group raised the price target of the stock on August 8 boosting the projection from $55.00 to $60.00 and issued a “Buy” rating.
The company is now unchanged since yesterday’s close of 56.60. The P/E ratio is currently 13.48 and market cap is 126.92M. As of the latest earnings report the EPS was $4.20 with 2.24M shares now outstanding.
First Savings Financial Group, Inc., launched on May 23, 2008, is a bank holding company for First Savings Bank (the Bank). The Business’s principal business activity is the ownership of the outstanding common stock of First Savings Bank. The Bank operates as a community-oriented financial institution offering traditional financial services to consumers and businesses in its primary market area. The Bank attracts deposits from the public and uses those funds to originate primarily residential and commercial mortgage loans. The Bank also originates commercial business loans, residential and commercial construction loans, multi-family loans, land and land development loans, and consumer loans. It conducts its lending and deposit activities primarily with individuals and small businesses in its primary market area. The Bank operates in Clark, Floyd, Harrison, Crawford and Washington counties, Indiana..