Zacks Investment Research upgraded shares of First Defiance Financial (NASDAQ:FDEF) from a hold rating to a buy rating in a research note released on Friday morning. The firm currently has $60.00 target price on the savings and loans company’s stock.
According to Zacks, “First Defiance Financial Corp. is a unitary thrift holding company that, through its subsidiaries focuses on traditional banking, mortgage banking, and property and casualty, life and group health insurance products. Their traditional banking activities include originating and servicing residential, commercial, and consumer loans and providing a broad range of depository services. “
A number of other brokerages also recently issued reports on FDEF. ValuEngine upgraded shares of First Defiance Financial from a hold rating to a buy rating in a report on Monday, October 2nd. Keefe, Bruyette & Woods restated a hold rating and set a $54.00 price target on shares of First Defiance Financial in a report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $59.33.
First Defiance Financial (NASDAQ FDEF) opened at $51.97 on Friday. First Defiance Financial has a 1 year low of $46.27 and a 1 year high of $56.91. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.00 and a current ratio of 1.01. The firm has a market cap of $527.80, a PE ratio of 16.82 and a beta of 0.93.
First Defiance Financial (NASDAQ:FDEF) last released its quarterly earnings results on Monday, October 16th. The savings and loans company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.05. The firm had revenue of $34.50 million during the quarter, compared to the consensus estimate of $34.85 million. First Defiance Financial had a net margin of 21.47% and a return on equity of 9.51%. analysts forecast that First Defiance Financial will post 3.45 earnings per share for the current year.
In other First Defiance Financial news, insider Gregory R. Allen sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $54.55, for a total value of $54,550.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert E. Beach sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $55.67, for a total transaction of $222,680.00. Following the completion of the transaction, the director now directly owns 49,692 shares of the company’s stock, valued at approximately $2,766,353.64. The disclosure for this sale can be found here. Insiders have sold a total of 9,074 shares of company stock valued at $496,139 in the last ninety days. 3.40% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the business. Summit Global Investments raised its holdings in shares of First Defiance Financial by 2.2% in the 2nd quarter. Summit Global Investments now owns 9,200 shares of the savings and loans company’s stock valued at $485,000 after purchasing an additional 200 shares in the last quarter. Symphony Asset Management LLC raised its stake in First Defiance Financial by 3.9% during the 2nd quarter. Symphony Asset Management LLC now owns 10,665 shares of the savings and loans company’s stock worth $562,000 after acquiring an additional 400 shares in the last quarter. Nordea Investment Management AB raised its stake in First Defiance Financial by 1.0% during the 2nd quarter. Nordea Investment Management AB now owns 52,900 shares of the savings and loans company’s stock worth $2,787,000 after acquiring an additional 500 shares in the last quarter. Teachers Advisors LLC raised its stake in First Defiance Financial by 3.7% during the 1st quarter. Teachers Advisors LLC now owns 14,191 shares of the savings and loans company’s stock worth $703,000 after acquiring an additional 503 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in First Defiance Financial by 5.1% during the 2nd quarter. Rhumbline Advisers now owns 12,052 shares of the savings and loans company’s stock worth $635,000 after acquiring an additional 580 shares in the last quarter. 64.25% of the stock is owned by institutional investors.
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First Defiance Financial Company Profile
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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