News Watch: First Savings Financial Group (NASDAQ:FSFG) releases net income of $33.4 million

First Savings Financial Group (NASDAQ:FSFG) spotted trading -21.40% off 52-week high price. On the other end, the stock has been noted 83.22% away from the low price over the last 52-weeks. The stock changed -1.28% to recent value of $54.05. The stock transacted 994 shares during most recent day however it has an average volume of 3.65K shares. The company has 2.37M of outstanding shares and 1.71M shares were floated in the market.

On Oct. 30, 2020, First Savings Financial Group (NASDAQ:FSFG) released net income of $33.4 million, or $14.04 per diluted share, for the year ended September 30, 2020 compared to net income of $16.2 million, or $6.82 per diluted share, for the year ended September 30, 2019, resulting in an increase of 106% on a per share basis.

Commenting on the Company’s performance, Larry W. Myers, President and CEO stated: We are very pleased with another outstanding quarter and fiscal year, including record earnings and asset growth for the year, resiliency of asset quality during a challenging environment, stability of the net interest margin, significant increase in stockholders’ equity, and substantial increase in shareholder value. The core bank and ancillary business lines continue to perform exceptionally well and generate meaningful returns for our shareholders. I continue to have confidence that the Company is well-positioned to thrive during what is otherwise a very challenging banking environment and I continue to be very proud of our Company and staff. Its earnings per share (EPS) expected to touch remained 50.40% for this year. FSFG has an operating margin of 70.00% while its profit margin remained 41.60% for the last 12 months.

The price moved ahead of 0.31% from the mean of 20 days, 9.05% from mean of 50 days SMA and performed 11.23% from mean of 200 days price. Company’s performance for the week was -1.03%, 2.35% for month and YTD performance remained -19.45%.

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