Shares of First Defiance Financial (NASDAQ:FDEF) have earned a consensus broker rating score of 2.67 (Hold) from the three brokers that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. First Defiance Financial’s rating score has improved by 11% in the last 90 days as a result of a number of analysts’ ratings changes.
Brokers have set a twelve-month consensus price target of $31.00 for the company and are expecting that the company will post $0.55 earnings per share for the current quarter, according to Zacks. Zacks has also assigned First Defiance Financial an industry rank of 55 out of 255 based on the ratings given to related companies.
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A number of brokerages have recently weighed in on FDEF. ValuEngine raised First Defiance Financial from a “sell” rating to a “hold” rating in a report on Thursday, February 7th. BidaskClub lowered First Defiance Financial from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 5th. Zacks Investment Research upgraded First Defiance Financial from a “hold” rating to a “strong-buy” rating and set a $32.00 target price on the stock in a research note on Thursday, January 24th. Finally, Keefe, Bruyette & Woods upgraded First Defiance Financial from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $32.00 to $33.00 in a research note on Monday, December 17th.
Shares of FDEF stock traded up $0.92 during mid-day trading on Friday, reaching $30.25. The stock had a trading volume of 76,357 shares, compared to its average volume of 57,974. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.00 and a current ratio of 1.01. The firm has a market capitalization of $605.53 million, a PE ratio of 13.57 and a beta of 1.00. First Defiance Financial has a 1-year low of $22.78 and a 1-year high of $35.00.
First Defiance Financial (NASDAQ:FDEF) last announced its quarterly earnings data on Monday, January 21st. The savings and loans company reported $0.56 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.56. The business had revenue of $36.86 million for the quarter, compared to analyst estimates of $37.40 million. First Defiance Financial had a return on equity of 11.80% and a net margin of 28.21%. Sell-side analysts forecast that First Defiance Financial will post 2.32 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 22nd. Stockholders of record on Friday, February 15th will be paid a $0.19 dividend. This is an increase from First Defiance Financial’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.51%. First Defiance Financial’s dividend payout ratio is presently 30.49%.
In other news, CEO Donald P. Hileman sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $29.35, for a total value of $29,350.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold 2,060 shares of company stock worth $59,025 in the last 90 days. Company insiders own 3.14% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Federated Investors Inc. PA boosted its stake in shares of First Defiance Financial by 80.0% in the third quarter. Federated Investors Inc. PA now owns 272,751 shares of the savings and loans company’s stock worth $8,213,000 after buying an additional 121,238 shares during the last quarter. Franklin Resources Inc. boosted its position in First Defiance Financial by 100.0% during the third quarter. Franklin Resources Inc. now owns 201,600 shares of the savings and loans company’s stock worth $6,070,000 after purchasing an additional 100,800 shares in the last quarter. Prudential Financial Inc. boosted its position in First Defiance Financial by 99.6% during the third quarter. Prudential Financial Inc. now owns 220,212 shares of the savings and loans company’s stock worth $6,630,000 after purchasing an additional 109,863 shares in the last quarter. Wells Fargo & Company MN boosted its position in First Defiance Financial by 106.7% during the third quarter. Wells Fargo & Company MN now owns 80,357 shares of the savings and loans company’s stock worth $2,419,000 after purchasing an additional 41,473 shares in the last quarter. Finally, Vanguard Group Inc boosted its position in First Defiance Financial by 101.9% during the third quarter. Vanguard Group Inc now owns 873,117 shares of the savings and loans company’s stock worth $26,290,000 after purchasing an additional 440,571 shares in the last quarter. Hedge funds and other institutional investors own 64.43% 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, 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.
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