First Savings Financial Group, Inc. (NASDAQ:FSFG) has reached a new 52-week high, with its stock price soaring to $19.56. This milestone marks a significant achievement for the company, reflecting a robust performance in the market. Over the past year, FSFG has seen a substantial increase in its value, with a 1-year change of 25.69%. This impressive growth rate underscores the company's strong financial health and its ability to generate shareholder value amidst a challenging economic environment.
In other recent news, First Savings Financial Group, the parent entity of First Savings Bank, declared a quarterly cash dividend of $0.15 per common share. This dividend is slated for distribution on June 28, 2024, to shareholders registered as of June 14, 2024. The bank, headquartered in Jeffersonville, Indiana, maintains fifteen branches in Southern Indiana and participates in two national lending programs. The institution has fostered a reputation for leadership both locally and nationally through its specialized lending programs. As part of its ongoing commitment to its shareholders, this dividend declaration is a key component of First Savings Financial Group's efforts to deliver value. These updates represent recent developments within the company.
InvestingPro Insights
First Savings Financial Group, Inc. (FSFG) has not only hit a new 52-week high but also exhibits a promising financial outlook as per the latest data from InvestingPro. With a market capitalization of $130.92 million, the company boasts a healthy P/E ratio of 17.6, which adjusts to an even more attractive 15.06 when looking at the last twelve months as of Q2 2024. Despite a revenue decline of 14.18% during the same period, FSFG has maintained a solid operating income margin of 14.66%. Investors might also find the dividend yield of 3.09% particularly appealing, especially considering FSFG's history of raising its dividend for 13 consecutive years—an indicator of the company's commitment to returning value to shareholders.
InvestingPro Tips highlight that FSFG is trading near its 52-week high and has delivered strong returns over the last month and three months, with total returns of 17.87% and 23.07% respectively. Moreover, analysts predict that the company will remain profitable this year, which is corroborated by its positive performance over the last twelve months. For those looking to delve deeper into FSFG's financials and future prospects, there are additional InvestingPro Tips available, which offer valuable insights for making informed investment decisions. To access these tips and enhance your investment strategy, visit https://www.investing.com/pro/FSFG and consider using the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription.
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