CLARKSVILLE, Ind. (June 18, 2018) — First Savings Bank was selected as part of the Russell 2000 Index Fund. The Russell 2000 is a widely followed benchmark of small-cap stocks and tracks the 2,000 smallest companies of the whole-market-tracking Russell 3000 index.
It is an important barometer of the American economy because it measures the performance of smaller, domestically-focused businesses. Unlike your typical Dow component, the median market cap of the Russell 2000 is less than $500 million and these firms are not doing business in dozens of countries. According to data from Ibbotson Associates, over the long term, small-cap stocks have outperformed large-cap stocks by about 2 percentage points per year.
“This is an important milestone for our shareholders,”said Larry Myers, president and CEO of First Savings Bank. “First Savings Financial Group has consistently delivered increased shareholder value every year since joining the NASDAQ. Being included on the Russell 2000 is validation for all of our hard work.”