First Defiance Financial (NASDAQ:FDEF) Director Stephen L. Boomer sold 755 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $53.22, for a total value of $40,181.10. Following the sale, the director now directly owns 12,809 shares of the company’s stock, valued at approximately $681,694.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of First Defiance Financial (NASDAQ FDEF) opened at $54.59 on Tuesday. First Defiance Financial has a 52 week low of $46.26 and a 52 week high of $56.91. The company has a market capitalization of $549.53, a price-to-earnings ratio of 16.10 and a beta of 0.92. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.40.
First Defiance Financial (NASDAQ:FDEF) last announced its quarterly earnings results on Monday, October 16th. The savings and loans company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.05. First Defiance Financial had a return on equity of 9.51% and a net margin of 21.47%. The company had revenue of $34.50 million during the quarter, compared to analyst estimates of $34.85 million. analysts expect that First Defiance Financial will post 3.45 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Friday, November 10th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date was Thursday, November 9th. First Defiance Financial’s payout ratio is 32.36%.
A number of hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its stake in First Defiance Financial by 0.9% in the third quarter. Dimensional Fund Advisors LP now owns 787,837 shares of the savings and loans company’s stock worth $41,354,000 after acquiring an additional 7,303 shares during the period. The Manufacturers Life Insurance Company lifted its stake in First Defiance Financial by 2.7% in the second quarter. The Manufacturers Life Insurance Company now owns 425,337 shares of the savings and loans company’s stock worth $22,406,000 after acquiring an additional 11,000 shares during the period. Vanguard Group Inc. lifted its stake in First Defiance Financial by 14.4% in the second quarter. Vanguard Group Inc. now owns 403,802 shares of the savings and loans company’s stock worth $21,272,000 after acquiring an additional 50,760 shares during the period. LSV Asset Management lifted its stake in First Defiance Financial by 6.9% in the second quarter. LSV Asset Management now owns 239,647 shares of the savings and loans company’s stock worth $12,624,000 after acquiring an additional 15,566 shares during the period. Finally, State Street Corp lifted its stake in First Defiance Financial by 14.2% in the second quarter. State Street Corp now owns 177,102 shares of the savings and loans company’s stock worth $9,332,000 after acquiring an additional 22,079 shares during the period. 64.25% of the stock is owned by institutional investors.
A number of analysts have recently weighed in on FDEF shares. ValuEngine raised First Defiance Financial from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research raised First Defiance Financial from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research note on Wednesday, October 18th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $54.00 price objective on shares of First Defiance Financial in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $57.67.
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About First Defiance Financial
First Defiance Financial Corp. is a unitary thrift holding company that focuses on traditional banking and property and casualty, life and group health insurance products. The Company operates through its subsidiaries, First Federal Bank of the Midwest (First Federal or the Bank), First Insurance Group of the Midwest, Inc (First Insurance) and First Defiance Risk Management Inc (First Defiance Risk Management).
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