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.

Snowflake

Fundamentals

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


Market Performance


7 Day Return

-0.4%

FSFG

1.2%

US Banks

0.6%

US Market


1 Year Return

-5.4%

FSFG

0.03%

US Banks

6.2%

US Market

Return vs Industry: FSFG underperformed the US Banks industry which returned 0% over the past year.

Return vs Market: FSFG underperformed the US Market which returned 6.2% over the past year.


Share holder returns

FSFGIndustryMarket
7 Day-0.4%1.2%0.6%
30 Day3.8%-2.2%-1.8%
90 Day4.5%-0.06%-2.0%
1 Year-4.4%-5.4%2.9%0.03%8.6%6.2%
3 Year77.4%71.9%51.4%40.9%45.7%36.3%
5 Year167.3%151.0%70.7%52.1%68.5%50.0%

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 based on future cash flows and its price relative to the stock market?

9.99x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: FSFG ($62.71) is trading above our estimate of fair value ($46.2)

Significantly Undervalued: FSFG is trading above our estimate of fair value.


Price Based on Earnings

PE vs Industry: FSFG is good value based on its PE Ratio (10x) compared to the Banks industry average (12.5x).

PE vs Market: FSFG is good value based on its PE Ratio (10x) compared to the US market (17.5x).


Price Based on Expected Growth

Low PEG Ratio: FSFG is poor value based on its PEG Ratio (5.1x)


Price Based on Value of Assets

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 expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

2.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: FSFG's forecast earnings growth (2% per year) is below the savings rate (2.7%).

Earnings vs Market: FSFG's earnings (2% per year) are forecast to grow slower than the US market (14.5% 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 (-19% per year).

High Growth Revenue: FSFG's revenue is forecast to decline over the next 3 years (-19%).


Earnings per Share Growth Estimates


Future Return on Equity

High 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?

18.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: FSFG's earnings have grown by 18.8% per year over the past 5 years.

Accelerating Growth: FSFG's earnings growth over the past year (37.6%) exceeds its 5-year average (18.8% per year).

Earnings vs Industry: FSFG earnings growth over the past year (37.6%) exceeded the Banks industry 31.8%.


Return on Equity

High ROE: FSFG's Return on Equity (13%) is considered low.


Return on Assets

ROA vs Industry: FSFG has a higher Return on Assets than the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate FSFG's Return on Capital Employed to determine if it has improved over the past 3 years.


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 0.8x 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?

1.02%

Expected Dividend Yield


Dividend Yield vs Market

company1.0%marketbottom25%1.5%markettop25%3.8%industryaverage2.5%forecastin3Years1.0%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: FSFG's dividend (1.02%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: FSFG's dividend (1.02%) is low compared to the top 25% of dividend payers in the US market (3.77%).

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 (9.9%), 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?

11.8yrs

Average management tenure


CEO

Larry Myers (61yo)

11.8yrs

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 ($USD587.89K) is about average for companies of similar size in the US market ($USD495.85K).

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


Management Age and Tenure

11.8yrs

Average Tenure

51yo

Average Age

Experienced Management: FSFG's management team is seasoned and experienced (11.8 years average tenure).


Board Age and Tenure

10.1yrs

Average Tenure

60.5yo

Average Age

Experienced Board: FSFG's board of directors are seasoned and experienced ( 10.1 years average tenure).


Insider Trading

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


Recent Insider Transactions

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
Director
Shares1,700
Max PriceUS$56.70
BuyUS$211,84117 Jun 19
Frank Czeschin
EntityIndividual
Role
Member of the Board of Directors
Director
Shares3,592
Max PriceUS$59.00
SellUS$18723 May 19
Samuel Eckart
EntityIndividual
Role
Member of the Board of Directors
Director
Shares3
Max PriceUS$62.34
SellUS$5,88523 May 19
Samuel Eckart
EntityIndividual
Role
Member of the Board of Directors
Director
Shares101
Max PriceUS$59.53
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
SellUS$38,64830 Nov 18
Samuel Eckart
EntityIndividual
Role
Member of the Board of Directors
Director
Shares666
Max PriceUS$58.03
BuyUS$6,07720 Nov 18
Larry Myers
EntityIndividual
Role
Chief Executive Officer
President
Shares103
Max PriceUS$59.00

Ownership Breakdown


Management Team

  • Larry Myers (61yo)

    President

    • Tenure: 11.8yrs
    • Compensation: US$587.89k
  • John Lawson (62yo)

    COO, Corporate Secretary & Director

    • Tenure: 11.8yrs
    • Compensation: US$335.15k
  • Tony Schoen (42yo)

    Executive VP & CFO

    • Tenure: 10.8yrs
    • Compensation: US$363.05k
  • Scott Carr (43yo)

    Chief Risk Officer

    • Tenure: 0yrs
  • Jackie Journell (51yo)

    Chief Accounting Officer

    • Tenure: 0yrs
  • Jonathan Handmaker

    • Tenure: 0yrs

Board Members

  • Michael Ludden (70yo)

    Vice Chairman

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

    Director

    • Tenure: 10.1yrs
    • Compensation: US$13.30k
  • Larry Myers (61yo)

    President

    • Tenure: 11.8yrs
    • Compensation: US$587.89k
  • John Lawson (62yo)

    COO, Corporate Secretary & Director

    • Tenure: 11.8yrs
    • Compensation: US$335.15k
  • Douglas York (57yo)

    Director

    • Tenure: 11.8yrs
    • Compensation: US$16.49k
  • Pam Bennett-Martin (60yo)

    Director

    • Tenure: 10.8yrs
    • Compensation: US$14.25k
  • Chris Fordyce (63yo)

    Director

    • Tenure: 2.8yrs
    • Compensation: US$9.70k
  • Frank Czeschin (58yo)

    Director

    • Tenure: 10.1yrs
    • Compensation: US$15.28k
  • John Colin (48yo)

    Chairman

    • Tenure: 2.7yrs
    • Compensation: US$16.41k
  • Martin Padgett (54yo)

    Director

    • Tenure: 2.6yrs
    • 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$146.539m
  • 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 Analysis2019/10/13 01:00
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
Annual Earnings2018/09/30


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.

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