Shares of First Defiance Financial (NASDAQ:FDEF) have earned a consensus broker rating score of 2.25 (Buy) from the four brokers that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company.
Brokerages have set a 12 month consensus target price of $32.50 for the company and are expecting that the company will post $0.66 EPS for the current quarter, according to Zacks. Zacks has also given First Defiance Financial an industry rank of 43 out of 255 based on the ratings given to its competitors.
FDEF has been the topic of a number of research reports. Sandler O’Neill upgraded First Defiance Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, September 11th. Zacks Investment Research upgraded First Defiance Financial from a “sell” rating to a “hold” rating and set a $36.00 target price for the company in a research report on Tuesday, October 29th. Finally, BidaskClub downgraded First Defiance Financial from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 3rd.
In other First Defiance Financial news, CEO Donald P. Hileman sold 1,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $30.02, for a total value of $30,020.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Timothy K. Harris sold 2,831 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $31.51, for a total value of $89,204.81. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,531 shares of company stock worth $140,449. 2.36% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC raised its holdings in First Defiance Financial by 43.3% during the 2nd quarter. Acadian Asset Management LLC now owns 102,677 shares of the savings and loans company’s stock worth $2,933,000 after purchasing an additional 31,046 shares during the last quarter. Aperio Group LLC lifted its position in shares of First Defiance Financial by 6.6% in the 2nd quarter. Aperio Group LLC now owns 22,327 shares of the savings and loans company’s stock worth $638,000 after purchasing an additional 1,391 shares during the period. Citadel Advisors LLC lifted its position in shares of First Defiance Financial by 205.2% in the 2nd quarter. Citadel Advisors LLC now owns 22,237 shares of the savings and loans company’s stock worth $636,000 after purchasing an additional 14,952 shares during the period. Chicago Equity Partners LLC boosted its stake in shares of First Defiance Financial by 10.1% in the 2nd quarter. Chicago Equity Partners LLC now owns 54,730 shares of the savings and loans company’s stock valued at $1,564,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Wedge Capital Management L L P NC boosted its stake in shares of First Defiance Financial by 6.3% in the 3rd quarter. Wedge Capital Management L L P NC now owns 63,585 shares of the savings and loans company’s stock valued at $1,842,000 after purchasing an additional 3,758 shares during the last quarter. Institutional investors own 65.40% of the company’s stock.
First Defiance Financial stock traded up $0.25 during mid-day trading on Thursday, reaching $30.04. The company had a trading volume of 96,655 shares, compared to its average volume of 58,836. The business has a fifty day simple moving average of $30.57 and a 200 day simple moving average of $28.47. The company has a market cap of $587.73 million, a P/E ratio of 13.47 and a beta of 0.97. First Defiance Financial has a fifty-two week low of $22.78 and a fifty-two week high of $31.83. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.29.
First Defiance Financial (NASDAQ:FDEF) last announced its quarterly earnings results on Monday, October 21st. The savings and loans company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.08. First Defiance Financial had a net margin of 27.21% and a return on equity of 12.03%. The company had revenue of $40.73 million during the quarter, compared to the consensus estimate of $40.15 million. Research analysts forecast that First Defiance Financial will post 2.5 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 15th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date was Thursday, November 14th. This is a positive change from First Defiance Financial’s previous quarterly dividend of $0.19. First Defiance Financial’s dividend payout ratio (DPR) is 39.46%.
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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