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FSFG

First Savings Financial Group NasdaqCM:FSFG Stock Report

Last Price

US$23.82

Market Cap

US$169.6m

7D

0.4%

1Y

-2.3%

Updated

29 Jun, 2022

Data

Company Financials +
FSFG fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance2/6
Financial Health6/6
Dividends2/6

FSFG Stock Overview

First Savings Financial Group, Inc. operates as the bank holding company for First Savings Bank that provides various financial services to consumers and businesses in southern Indiana.

First Savings Financial Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for First Savings Financial Group
Historical stock prices
Current Share PriceUS$23.82
52 Week HighUS$29.98
52 Week LowUS$23.38
Beta0.79
1 Month Change-5.96%
3 Month Change-2.93%
1 Year Change-2.32%
3 Year Change20.10%
5 Year Change38.60%
Change since IPO621.82%

Recent News & Updates

Shareholder Returns

FSFGUS BanksUS Market
7D0.4%-0.01%1.6%
1Y-2.3%-18.2%-20.8%

Return vs Industry: FSFG exceeded the US Banks industry which returned -16.9% over the past year.

Return vs Market: FSFG exceeded the US Market which returned -20.4% over the past year.

Price Volatility

Is FSFG's price volatile compared to industry and market?
FSFG volatility
FSFG Average Weekly Movement2.5%
Banks Industry Average Movement3.8%
Market Average Movement8.1%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.2%

Stable Share Price: FSFG is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: FSFG's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2008570Larry Myershttps://www.fsbbank.net

First Savings Financial Group, Inc. operates as the bank holding company for First Savings Bank that provides various financial services to consumers and businesses in southern Indiana. The company operates through three segments: Core Banking, SBA Lending, and Mortgage Banking. It accepts deposits, such as checking accounts, NOW and money market accounts, regular savings accounts, and time deposits.

First Savings Financial Group Fundamentals Summary

How do First Savings Financial Group's earnings and revenue compare to its market cap?
FSFG fundamental statistics
Market CapUS$169.56m
Earnings (TTM)US$20.50m
Revenue (TTM)US$130.80m

8.3x

P/E Ratio

0.9x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FSFG income statement (TTM)
RevenueUS$130.80m
Cost of RevenueUS$0
Gross ProfitUS$130.80m
Other ExpensesUS$110.31m
EarningsUS$20.50m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.88
Gross Margin100.00%
Net Profit Margin15.67%
Debt/Equity Ratio194.7%

How did FSFG perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

17%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is FSFG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FSFG?

Other financial metrics that can be useful for relative valuation.

FSFG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio1.7x

Price to Earnings Ratio vs Peers

How does FSFG's PE Ratio compare to its peers?

FSFG PE Ratio vs Peers
The above table shows the PE ratio for FSFG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average8.2x
PBAM Private Bancorp of America
7.1x-0.5%US$161.9m
CFST Communities First Financial
7.6xn/aUS$167.9m
VABK Virginia National Bankshares
12.1xn/aUS$163.5m
MRBK Meridian
5.7x0.3%US$177.9m
FSFG First Savings Financial Group
8.3x4.9%US$169.6m

Price-To-Earnings vs Peers: FSFG is expensive based on its Price-To-Earnings Ratio (8.3x) compared to the peer average (8.2x).


Price to Earnings Ratio vs Industry

How does FSFG's PE Ratio compare vs other companies in the US Banks Industry?

Price-To-Earnings vs Industry: FSFG is good value based on its Price-To-Earnings Ratio (8.3x) compared to the US Banks industry average (9.5x)


Price to Earnings Ratio vs Fair Ratio

What is FSFG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FSFG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.3x
Fair PE Ratio11.1x

Price-To-Earnings vs Fair Ratio: FSFG is good value based on its Price-To-Earnings Ratio (8.3x) compared to the estimated Fair Price-To-Earnings Ratio (11.1x).


Share Price vs Fair Value

What is the Fair Price of FSFG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FSFG ($23.82) is trading below our estimate of fair value ($50.31)

Significantly Below Fair Value: FSFG is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: FSFG is poor value based on its PEG Ratio (1.7x)


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Future Growth

How is First Savings Financial Group forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


4.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FSFG's forecast earnings growth (4.9% per year) is above the savings rate (1.9%).

Earnings vs Market: FSFG's earnings (4.9% per year) are forecast to grow slower than the US market (13.7% per year).

High Growth Earnings: FSFG's earnings are forecast to grow, but not significantly.

Revenue vs Market: FSFG's revenue is expected to decline over the next 3 years (-26% per year).

High Growth Revenue: FSFG's revenue is forecast to decline over the next 3 years (-26% 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


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Past Performance

How has First Savings Financial Group performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


29.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FSFG has high quality earnings.

Growing Profit Margin: FSFG's current net profit margins (15.7%) are lower than last year (21.5%).


Past Earnings Growth Analysis

Earnings Trend: FSFG's earnings have grown significantly by 29.8% per year over the past 5 years.

Accelerating Growth: FSFG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: FSFG had negative earnings growth (-59.8%) over the past year, making it difficult to compare to the Banks industry average (20.7%).


Return on Equity

High ROE: FSFG's Return on Equity (11.4%) is considered low.


Discover strong past performing companies

Financial Health

How is First Savings Financial Group's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: FSFG's Assets to Equity ratio (10x) is moderate.

Allowance for Bad Loans: FSFG has a sufficient allowance for bad loans (144%).

Low Risk Liabilities: 75% 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 (63%).

Low Risk Deposits: FSFG's Loans to Deposits ratio (92%) is appropriate.

Level of Bad Loans: FSFG has an appropriate level of bad loans (0.9%).


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Dividend

What is First Savings Financial Group current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.18%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: FSFG's dividend (2.18%) is higher than the bottom 25% of dividend payers in the US market (1.59%).

High Dividend: FSFG's dividend (2.18%) is low compared to the top 25% of dividend payers in the US market (4.25%).


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 9 years.


Current Payout to Shareholders

Earnings Coverage: With its low payout ratio (17%), FSFG's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

7.9yrs

Average management tenure


CEO

Larry Myers (63 yo)

14.42yrs

Tenure

US$1,093,923

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) since 2009 and 2007 respe...


CEO Compensation Analysis

Compensation vs Market: Larry's total compensation ($USD1.09M) is below average for companies of similar size in the US market ($USD1.76M).

Compensation vs Earnings: Larry's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: FSFG's management team is seasoned and experienced (7.9 years average tenure).


Board Members

Experienced Board: FSFG's board of directors are seasoned and experienced ( 12.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: FSFG insiders have bought more shares than they have sold 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 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
  • Implied Market Cap: US$169.563m
  • Shares outstanding: 7.12m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/29 00:00
Earnings2022/03/31
Annual Earnings2021/09/30


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.