NasdaqCM:FSFG

Stock Analysis Report

First Savings Financial Group

Executive Summary

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

Rewards

PE ratio (9.7x) is below the US market (18.5x)

Earnings grew by 48.4% over the past year

Risk Analysis

Shareholders have been diluted in the past year



Snowflake Analysis

Flawless balance sheet with proven track record.


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.1%

FSFG

1.1%

US Banks

0.7%

US Market


1 Year Return

18.1%

FSFG

21.0%

US Banks

18.2%

US Market

Return vs Industry: FSFG underperformed the US Banks industry which returned 21% over the past year.

Return vs Market: FSFG matched the US Market which returned 18.2% over the past year.


Shareholder returns

FSFGIndustryMarket
7 Day2.1%1.1%0.7%
30 Dayn/a0.8%1.5%
90 Day13.8%10.5%5.0%
1 Year19.1%18.1%24.6%21.0%20.8%18.2%
3 Year57.7%53.2%31.6%22.4%45.2%35.8%
5 Year177.8%161.9%79.1%59.2%71.6%52.7%

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

Valuation

Is First Savings Financial Group undervalued compared to its fair value and its price relative to the market?

9.65x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FSFG ($67.42) is trading above our estimate of fair value ($57.02)

Significantly Below Fair Value: FSFG is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: FSFG is good value based on its PE Ratio (9.7x) compared to the Banks industry average (12.7x).

PE vs Market: FSFG is good value based on its PE Ratio (9.7x) compared to the US market (18.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FSFG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FSFG is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1.2x).


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?

0.4%

Forecasted Banks industry annual growth in earnings


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if FSFG's forecast earnings growth is above the savings rate (1.7%).

Earnings vs Market: Insufficient data to determine if FSFG's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if FSFG's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if FSFG's revenue is forecast to grow faster than 20% 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?

20.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FSFG has high quality earnings.

Growing Profit Margin: FSFG's current net profit margins (19.6%) are lower than last year (22.8%).


Past Earnings Growth Analysis

Earnings Trend: FSFG's earnings have grown significantly by 20.1% per year over the past 5 years.

Accelerating Growth: FSFG's earnings growth over the past year (48.4%) exceeds its 5-year average (20.1% per year).

Earnings vs Industry: FSFG earnings growth over the past year (48.4%) exceeded the Banks industry 27.1%.


Return on Equity

High ROE: FSFG's Return on Equity (14%) is considered low.


Return on Assets


Return on Capital Employed


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

Inventory Level: FSFG has a low level of unsold assets or inventory.

Debt Coverage by Assets: FSFG's debt is not covered by short term assets (assets are 0.6x debt).


Financial Institutions Analysis

Asset Level: FSFG's level of assets compared to its equity is moderate.

Allowance for Bad Loans: FSFG has a sufficient allowance for bad loans.

Low Risk Liabilities: FSFG's liabilities are made up of primarily low risk sources of funding.

Loan Level: FSFG has an acceptable proportion of non-loan assets held.

Low Risk Deposits: FSFG's loans are broadly funded by customer deposits.

Level of Bad Loans: FSFG has an appropriate level of bad loans (0.63%)


Next Steps

Dividend

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

0.95%

Current Dividend Yield


Upcoming Dividend Payment

Purchase First Savings Financial Group before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company0.9%marketbottom25%1.4%markettop25%3.7%industryaverage2.8%forecastin3Years0.9%

Current dividend yield vs market & industry

Notable Dividend: FSFG's dividend (0.95%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.43%).

High Dividend: FSFG's dividend (0.95%) is low compared to the top 25% of dividend payers in the US market (3.7%).


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 7 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (8.9%), 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

What is the CEO of First Savings Financial Group's salary, the management and board of directors tenure and is there insider trading?

11.9yrs

Average management tenure


CEO

Larry Myers (61yo)

11.9yrs

Tenure

US$587,894

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 ($USD587.89K) is below average for companies of similar size in the US market ($USD1.12M).

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


Management Age and Tenure

11.9yrs

Average Tenure

52yo

Average Age

Experienced Management: FSFG's management team is seasoned and experienced (11.9 years average tenure).


Board Age and Tenure

10.3yrs

Average Tenure

60.5yo

Average Age

Experienced Board: FSFG's board of directors are seasoned and experienced ( 10.3 years average tenure).


Insider Trading

Insider Buying: FSFG insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$13,98425 Nov 19
Samuel Eckart
EntityIndividual
Role
Member of the Board of Directors
Director
Shares235
Max PriceUS$59.53
SellUS$88,91013 Sep 19
John Lawson
EntityIndividual
Role
Member of the Board of Directors
COO, Corporate Secretary & Director
Shares1,500
Max PriceUS$59.50
BuyUS$96,07419 Jun 19
Frank Czeschin
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,700
Max PriceUS$56.70
BuyUS$211,84117 Jun 19
Frank Czeschin
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares3,592
Max PriceUS$59.00
SellUS$5,88523 May 19
Samuel Eckart
EntityIndividual
Role
Member of the Board of Directors
Director
Shares101
Max PriceUS$59.53
SellUS$18723 May 19
Samuel Eckart
EntityIndividual
Role
Member of the Board of Directors
Director
Shares3
Max PriceUS$62.34
SellUS$22,28023 May 19
Samuel Eckart
EntityIndividual
Role
Member of the Board of Directors
Director
Shares383
Max PriceUS$58.25
SellUS$3,84822 May 19
Samuel Eckart
EntityIndividual
Role
Member of the Board of Directors
Director
Shares66
Max PriceUS$58.41
BuyUS$1,44320 May 19
Marie Haley
EntityIndividual
Shares25
Max PriceUS$57.74
SellUS$11,68020 May 19
Samuel Eckart
EntityIndividual
Role
Member of the Board of Directors
Director
Shares200
Max PriceUS$58.50
SellUS$3,42209 May 19
Samuel Eckart
EntityIndividual
Role
Member of the Board of Directors
Director
Shares59
Max PriceUS$58.00
SellUS$5,82509 May 19
Samuel Eckart
EntityIndividual
Role
Member of the Board of Directors
Director
Shares100
Max PriceUS$58.25
SellUS$11,62302 May 19
Samuel Eckart
EntityIndividual
Role
Member of the Board of Directors
Director
Shares200
Max PriceUS$58.13
BuyUS$98,68414 Mar 19
Steven Stemler
EntityIndividual
Shares1,859
Max PriceUS$53.28
BuyUS$12,79113 Mar 19
Steven Stemler
EntityIndividual
Shares241
Max PriceUS$53.07
SellUS$44,83804 Mar 19
John Lawson
EntityIndividual
Role
Member of the Board of Directors
COO, Corporate Secretary & Director
Shares846
Max PriceUS$53.00
SellUS$8,18904 Mar 19
John Lawson
EntityIndividual
Role
Member of the Board of Directors
COO, Corporate Secretary & Director
Shares154
Max PriceUS$53.48
SellUS$28,06928 Feb 19
Samuel Eckart
EntityIndividual
Role
Member of the Board of Directors
Director
Shares538
Max PriceUS$52.53
SellUS$21,99919 Feb 19
Samuel Eckart
EntityIndividual
Role
Member of the Board of Directors
Director
Shares423
Max PriceUS$52.05
SellUS$249,97915 Feb 19
John Lawson
EntityIndividual
Role
Member of the Board of Directors
COO, Corporate Secretary & Director
Shares4,955
Max PriceUS$50.45
SellUS$99214 Feb 19
Samuel Eckart
EntityIndividual
Role
Member of the Board of Directors
Director
Shares19
Max PriceUS$53.33
SellUS$52,40014 Feb 19
Samuel Eckart
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,020
Max PriceUS$52.10
SellUS$102,09412 Feb 19
Samuel Eckart
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,000
Max PriceUS$51.60
BuyUS$32,61217 Dec 18
Larry Myers
EntityIndividual
Role
Chief Executive Officer
President
Shares620
Max PriceUS$52.60

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.6%.


Management Team

  • Larry Myers (61yo)

    President

    • Tenure: 11.9yrs
    • Compensation: US$587.89k
  • John Lawson (62yo)

    COO, Corporate Secretary & Director

    • Tenure: 11.9yrs
    • Compensation: US$335.15k
  • Tony Schoen (42yo)

    Executive VP & CFO

    • Tenure: 10.9yrs
    • Compensation: US$363.05k
  • Scott Carr (43yo)

    Chief Risk Officer

    • Tenure: 0yrs
  • Jackie Journell (52yo)

    Chief Accounting Officer

    • Tenure: 0yrs
  • Jonathan Handmaker

    • Tenure: 0yrs

Board Members

  • Mike Ludden (70yo)

    Vice Chairman

    • Tenure: 0yrs
    • Compensation: US$24.97k
  • Sam Eckart (69yo)

    Director

    • Tenure: 10.3yrs
    • Compensation: US$13.30k
  • Larry Myers (61yo)

    President

    • Tenure: 11.9yrs
    • Compensation: US$587.89k
  • John Lawson (62yo)

    COO, Corporate Secretary & Director

    • Tenure: 11.9yrs
    • Compensation: US$335.15k
  • Douglas York (57yo)

    Independent Director

    • Tenure: 11.9yrs
    • Compensation: US$16.49k
  • Pam Bennett-Martin (60yo)

    Independent Director

    • Tenure: 10.9yrs
    • Compensation: US$14.25k
  • Chris Fordyce (63yo)

    Independent Director

    • Tenure: 2.9yrs
    • Compensation: US$9.70k
  • Frank Czeschin (58yo)

    Independent Director

    • Tenure: 10.3yrs
    • Compensation: US$15.28k
  • John Colin (48yo)

    Chairman

    • Tenure: 2.8yrs
    • Compensation: US$16.41k
  • Martin Padgett (54yo)

    Independent Director

    • Tenure: 2.8yrs
    • Compensation: US$12.82k

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$157.550m
  • Shares outstanding: 2.34m
  • Website: https://www.fsbbank.net

Number of Employees


Location

  • First Savings Financial Group, Inc.
  • 501 East Lewis & Clark Parkway
  • Clarksville
  • Indiana
  • 47129
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FSFGNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDOct 2008

Biography

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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/10 00:07
End of Day Share Price2019/12/09 00:00
Earnings2019/09/30
Annual Earnings2019/09/30


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.