First Savings Financial Group
Market Cap
US$147.1m
Last Updated
2021/02/24 00:45 UTC
Data Sources
Company Financials +
Executive Summary
First Savings Financial Group, Inc. operates as a financial holding company for First Savings Bank in southern Indiana. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 32% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet and good value.
Similar Companies
Share Price & News
How has First Savings Financial Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FSFG is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: FSFG's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
0.3%
FSFG
4.3%
US Banks
-2.5%
US Market
1 Year Return
-2.2%
FSFG
12.4%
US Banks
34.1%
US Market
Return vs Industry: FSFG underperformed the US Banks industry which returned 12.4% over the past year.
Return vs Market: FSFG underperformed the US Market which returned 34.1% over the past year.
Shareholder returns
| FSFG | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.3% | 4.3% | -2.5% |
| 30 Day | 1.4% | 12.2% | 0.1% |
| 90 Day | -1.8% | 24.1% | 4.5% |
| 1 Year | -0.8%-2.2% | 16.5%12.4% | 37.1%34.1% |
| 3 Year | -2.0%-5.2% | 12.2%2.6% | 58.0%47.9% |
| 5 Year | 100.8%89.3% | 102.2%76.6% | 131.9%106.2% |
Long-Term Price Volatility Vs. Market
How volatile is First Savings Financial Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
How Does First Savings Financial Group, Inc. (NASDAQ:FSFG) Fare As A Dividend Stock?4 weeks ago | Simply Wall St
Here's Why We Think First Savings Financial Group (NASDAQ:FSFG) Is Well Worth Watching1 month ago | Simply Wall St
Could The First Savings Financial Group, Inc. (NASDAQ:FSFG) Ownership Structure Tell Us Something Useful?Valuation
Is First Savings Financial Group undervalued compared to its fair value and its price relative to the market?
10.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FSFG ($62.1) is trading below our estimate of fair value ($69.09)
Significantly Below Fair Value: FSFG is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: FSFG is good value based on its PE Ratio (3.7x) compared to the US Banks industry average (12.4x).
PE vs Market: FSFG is good value based on its PE Ratio (3.7x) compared to the US market (21.5x).
Price to Earnings Growth Ratio
PEG Ratio: FSFG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: FSFG is good value based on its PB Ratio (0.9x) compared to the US Banks industry average (1x).
Next Steps
Future Growth
How is First Savings Financial Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
-32.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FSFG's earnings are forecast to decline over the next 3 years (-32% per year).
Earnings vs Market: FSFG's earnings are forecast to decline over the next 3 years (-32% per year).
High Growth Earnings: FSFG's earnings are forecast to decline over the next 3 years.
Revenue vs Market: FSFG's revenue is expected to decline over the next 3 years (-74.7% per year).
High Growth Revenue: FSFG's revenue is forecast to decline over the next 3 years (-74.7% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if FSFG's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has First Savings Financial Group performed over the past 5 years?
32.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FSFG has a high level of non-cash earnings.
Growing Profit Margin: FSFG's current net profit margins (19.6%) are higher than last year (17.3%).
Past Earnings Growth Analysis
Earnings Trend: FSFG's earnings have grown significantly by 32.2% per year over the past 5 years.
Accelerating Growth: FSFG's earnings growth over the past year (139.4%) exceeds its 5-year average (32.2% per year).
Earnings vs Industry: FSFG earnings growth over the past year (139.4%) exceeded the Banks industry 0.5%.
Return on Equity
High ROE: Whilst FSFG's Return on Equity (24.62%) is high, this metric is skewed due to their high level of debt.
Next Steps
Financial Health
How is First Savings Financial Group's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: FSFG's Assets to Equity ratio (11.3x) is moderate.
Allowance for Bad Loans: FSFG has a sufficient allowance for bad loans (138%).
Low Risk Liabilities: 66% of FSFG's liabilities are made up of primarily low risk sources of funding.
Loan Level: FSFG has an appropriate level of Loans to Assets ratio (60%).
Low Risk Deposits: FSFG's Loans to Deposits ratio (99%) is appropriate.
Level of Bad Loans: FSFG has an appropriate level of bad loans (1.1%).
Next Steps
Dividend
What is First Savings Financial Group current dividend yield, its reliability and sustainability?
1.10%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FSFG's dividend (1.1%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: FSFG's dividend (1.1%) is low compared to the top 25% of dividend payers in the US market (3.75%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, FSFG has been paying a dividend for less than 10 years.
Growing Dividend: FSFG's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (4%), FSFG's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.6yrs
Average management tenure
CEO
Larry Myers (62 yo)
13.08yrs
Tenure
US$826,169
Compensation
Mr. Larry W. Myers serves as the Chief Executive Officer and President of First Savings Financial Group, Inc. and First Savings Bank, F.S.B. (Clarksville, IN) (First Savings Bank). Mr. Myers served as the ...
CEO Compensation Analysis
Compensation vs Market: Larry's total compensation ($USD826.17K) is above average for companies of similar size in the US market ($USD511.31K).
Compensation vs Earnings: Larry's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 13.08yrs | US$826.17k | 5.68% $ 8.4m | |
| Executive VP | 12.08yrs | US$524.57k | 2.25% $ 3.3m | |
| Chief Operating Officer | 1.08yrs | US$581.99k | 0.62% $ 912.4k | |
| Corporate Secretary & Director | 13.08yrs | US$27.48k | 0.82% $ 1.2m | |
| Executive VP & Chief Information Officer | 1.08yrs | no data | 0.26% $ 385.6k | |
| no data | no data | no data |
6.6yrs
Average Tenure
57yo
Average Age
Experienced Management: FSFG's management team is seasoned and experienced (6.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 13.08yrs | US$826.17k | 5.68% $ 8.4m | |
| Corporate Secretary & Director | 13.08yrs | US$27.48k | 0.82% $ 1.2m | |
| Independent Director | 2yrs | US$28.60k | 0.14% $ 206.8k | |
| Independent Director | 11.42yrs | US$35.69k | 0.38% $ 556.7k | |
| Independent Director | 13.08yrs | US$34.13k | 1.72% $ 2.5m | |
| Independent Director | 12.08yrs | US$29.11k | 0.34% $ 496.7k | |
| Independent Director | 4.08yrs | US$29.49k | 0.55% $ 814.4k | |
| Independent Director | 11.42yrs | US$31.57k | 0.62% $ 915.8k | |
| Independent Chairman | 4yrs | US$32.58k | 0.12% $ 176.7k | |
| Independent Vice Chairman of the Board | no data | US$35.45k | 0.084% $ 123.0k | |
| Independent Director | 1yr | US$26.00k | 0.021% $ 31.1k |
11.4yrs
Average Tenure
59yo
Average Age
Experienced Board: FSFG's board of directors are seasoned and experienced ( 11.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FSFG insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
First Savings Financial Group, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: First Savings Financial Group, Inc.
- Ticker: FSFG
- Exchange: NasdaqCM
- Founded: 2008
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$147.096m
- Shares outstanding: 2.37m
- Website: https://www.fsbbank.net
Number of Employees
Location
- First Savings Financial Group, Inc.
- 702 North Shore Drive
- Suite 300
- Jeffersonville
- Indiana
- 47130
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FSFG | NasdaqCM (Nasdaq Capital Market) | Yes | Common Stock | US | USD | Oct 2008 |
Biography
First Savings Financial Group, Inc. operates as a financial holding company for First Savings Bank in southern Indiana. The company operates through three segments: Core Banking, SBA Lending, and Mortgage ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/24 00:45 |
| End of Day Share Price | 2021/02/23 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/09/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.