Shares of First Defiance Financial (NASDAQ:FDEF) have been assigned an average broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating. First Defiance Financial’s rating score has declined by 28.8% in the last 90 days as a result of various analysts’ upgrades and downgrades.
Brokers have set a 12-month consensus target price of $35.50 for the company and are predicting that the company will post $0.55 EPS for the current quarter, according to Zacks. Zacks has also given First Defiance Financial an industry rank of 121 out of 255 based on the ratings given to related companies.
A number of equities analysts recently commented on FDEF shares. ValuEngine upgraded First Defiance Financial from a “hold” rating to a “buy” rating in a research report on Saturday, May 26th. Zacks Investment Research upgraded First Defiance Financial from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research report on Friday, June 29th. BidaskClub cut First Defiance Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. Finally, Sandler O’Neill cut First Defiance Financial from a “buy” rating to a “hold” rating and set a $35.00 target price for the company. in a research note on Tuesday, July 10th.
In other First Defiance Financial news, insider John R. Reisner sold 750 shares of the firm’s stock in a transaction on Friday, June 1st. The stock was sold at an average price of $62.62, for a total transaction of $46,965.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have sold 1,200 shares of company stock valued at $75,121. 3.14% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in First Defiance Financial during the second quarter worth $140,000. Buckley Wealth Management LLC acquired a new stake in shares of First Defiance Financial in the second quarter valued at $220,000. Private Harbour Investment Management & Counsel LLC acquired a new stake in shares of First Defiance Financial in the second quarter valued at $230,000. MetLife Investment Advisors LLC acquired a new stake in shares of First Defiance Financial in the fourth quarter valued at $262,000. Finally, Handelsbanken Fonder AB grew its stake in shares of First Defiance Financial by 100.0% in the first quarter. Handelsbanken Fonder AB now owns 8,000 shares of the savings and loans company’s stock valued at $459,000 after buying an additional 4,000 shares in the last quarter. 32.69% of the stock is owned by institutional investors.
First Defiance Financial stock traded down $0.18 during trading on Tuesday, reaching $31.84. 37,092 shares of the company were exchanged, compared to its average volume of 51,710. First Defiance Financial has a 52-week low of $23.50 and a 52-week high of $35.00. The company has a market cap of $653.24 million, a price-to-earnings ratio of 15.66 and a beta of 0.75. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.99 and a current ratio of 1.00.
First Defiance Financial (NASDAQ:FDEF) last announced its quarterly earnings data on Monday, July 16th. The savings and loans company reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.03. First Defiance Financial had a return on equity of 11.09% and a net margin of 26.66%. The firm had revenue of $36.76 million for the quarter, compared to the consensus estimate of $36.60 million. analysts predict that First Defiance Financial will post 2.21 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 24th. Shareholders of record on Friday, August 17th will be paid a dividend of $0.17 per share. This is a boost from First Defiance Financial’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, August 16th. This represents a $0.68 annualized dividend and a yield of 2.14%. First Defiance Financial’s dividend payout ratio (DPR) is 34.29%.
First Defiance Financial Company Profile
First Defiance Financial Corp. operates as a unitary thrift holding company that provides community-based financial services in northwest Ohio, northeast Indiana, and southeastern Michigan. It offers checking accounts, money market accounts, savings accounts, term certificate accounts, and certificates of deposit, as well as Certificate of Deposit Account Registry Service; and consumer finance, 1-4 family residential real estate, commercial real estate, construction, consumer, commercial, and home equity and improvement loans.
Featured Story: Diversification
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for First Defiance Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Defiance Financial and related companies with MarketBeat.com's FREE daily email newsletter.