First Savings Financial Group's Stock Price Dropped Off a Cliff

The company FSFG is the ticker we talked about the stock when it was at $48 per share today it's at $12.37 Price to book was 0.8 price to book today's 0.5 let's see you said the price to book was below one you were going off of its history that's what I thought was interesting was that return assets had tripled. They put out a release in let's see April of 2023 which says that aggressive measures taken to restructure the mortgage banking segment through expense reductions efforts and continue to focus on balance sheet management for the core banking segment positive results so we continue to be selective in lending adversely impacting that interest margin for the quarter