JEFFERSONVILLE, Ind. - First Savings Financial Group, Inc. (NASDAQ:FSFG), the parent company of First Savings Bank, has announced a quarterly cash dividend of $0.15 per common share. The dividend is scheduled to be distributed on June 28, 2024, to shareholders who are on record as of June 14, 2024.
First Savings Bank, the company's subsidiary, is an entrepreneurial community bank with headquarters in Jeffersonville, Indiana, just across the Ohio River from Louisville, Kentucky. The bank operates fifteen branches in Southern Indiana and is involved in two national lending programs, which include single-tenant net lease commercial real estate and SBA lending, primarily in the Midwest.
The institution has established a reputation for leadership in its local communities and across the nation for its specialized lending programs. With a vision statement of aiming to be the best community bank, First Savings Bank emphasizes its commitment to excellence through its daily operations.
First Savings Financial Group's common shares are publicly traded on the NASDAQ Stock Market under the ticker symbol FSFG. This dividend declaration is part of the company's ongoing efforts to provide value to its stockholders.
This financial news is based on a press release statement from First Savings Financial Group, Inc.
InvestingPro Insights
As First Savings Financial Group, Inc. (NASDAQ:FSFG) continues to reward its shareholders with regular dividend payments, the company's financial health and future prospects remain a focal point for investors.
According to InvestingPro data, FSFG has a market capitalization of $113.65 million and maintains a Price to Earnings (P/E) ratio of 15.28, which adjusts to a slightly lower 12.93 when looking at the last twelve months as of Q2 2024. Despite a challenging environment reflected in a revenue decline of 14.18% over the same period, the company's commitment to shareholder returns is evident with a solid dividend yield of 3.6%.
One of the key InvestingPro Tips for FSFG is the company's impressive track record of raising its dividend for 10 consecutive years, showcasing a long-term commitment to delivering shareholder value. Moreover, the bank has maintained dividend payments for 13 consecutive years, reinforcing its status as a reliable income-generating stock.
On the flip side, analysts anticipate a sales decline in the current year, which could be a factor for investors to watch closely. However, it's worth noting that analysts also predict the company will remain profitable this year, a sentiment supported by FSFG's profitability over the last twelve months.
For investors seeking further insights and a deeper dive into FSFG's financials, additional InvestingPro Tips are available, providing a comprehensive analysis of the company's performance and potential. By using the coupon code PRONEWS24, investors can get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro, which currently lists a total of 6 additional tips for FSFG.
The InvestingPro Fair Value estimate stands at $16.74, closely aligned with the previous closing price of $16.65, suggesting that the stock is fairly valued at current levels. With the next earnings date slated for July 24, 2024, investors will be keenly awaiting updates on the company's financial health and strategic direction.
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