First Defiance Financial (NASDAQ:FDEF) Downgraded by BidaskClub to “Strong Sell”

BidaskClub lowered shares of First Defiance Financial (NASDAQ:FDEF) from a sell rating to a strong sell rating in a report released on Saturday morning, BidAskClub reports.

Several other equities analysts also recently weighed in on the company. Zacks Investment Research upgraded First Defiance Financial from a sell rating to a hold rating in a research report on Tuesday, July 23rd. ValuEngine downgraded First Defiance Financial from a sell rating to a strong sell rating in a research report on Tuesday, July 2nd.

NASDAQ FDEF opened at $27.64 on Friday. The stock’s 50-day simple moving average is $27.92. First Defiance Financial has a twelve month low of $22.78 and a twelve month high of $33.34. The stock has a market capitalization of $545.06 million, a P/E ratio of 12.39 and a beta of 0.96. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.99 and a quick ratio of 0.98.

First Defiance Financial (NASDAQ:FDEF) last released its earnings results on Monday, July 22nd. The savings and loans company reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.04. First Defiance Financial had a return on equity of 11.72% and a net margin of 27.02%. The firm had revenue of $39.48 million for the quarter, compared to the consensus estimate of $39.58 million. Sell-side analysts predict that First Defiance Financial will post 2.39 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, August 16th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.76 annualized dividend and a yield of 2.75%. First Defiance Financial’s dividend payout ratio (DPR) is presently 34.08%.

In related news, insider John R. Reisner sold 1,700 shares of the stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $27.03, for a total transaction of $45,951.00. Following the transaction, the insider now directly owns 365 shares in the company, valued at $9,865.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Donald P. Hileman sold 1,000 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $29.08, for a total value of $29,080.00. Following the transaction, the insider now owns 72,960 shares in the company, valued at $2,121,676.80. The disclosure for this sale can be found here. Corporate insiders own 2.36% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings in shares of First Defiance Financial by 9.4% in the 1st quarter. JPMorgan Chase & Co. now owns 256,574 shares of the savings and loans company’s stock worth $7,375,000 after purchasing an additional 22,125 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of First Defiance Financial by 1.3% in the 4th quarter. Bank of New York Mellon Corp now owns 128,960 shares of the savings and loans company’s stock worth $3,161,000 after purchasing an additional 1,619 shares during the period. Acadian Asset Management LLC raised its holdings in shares of First Defiance Financial by 450.0% in the 1st quarter. Acadian Asset Management LLC now owns 71,631 shares of the savings and loans company’s stock worth $2,060,000 after purchasing an additional 58,607 shares during the period. Assenagon Asset Management S.A. purchased a new position in shares of First Defiance Financial in the 1st quarter worth about $2,897,000. Finally, Millennium Management LLC raised its holdings in shares of First Defiance Financial by 75.3% in the 4th quarter. Millennium Management LLC now owns 60,500 shares of the savings and loans company’s stock worth $1,483,000 after purchasing an additional 25,982 shares during the period. Hedge funds and other institutional investors own 64.20% of the company’s stock.

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, demand deposits, and certificates of deposits, as well as certificate of deposit account registry service; and commercial real estate, commercial, consumer finance, 1-4 family residential real estate, construction, and home equity and improvement loans.

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