Brokerages Set $64.50 Target Price for First Defiance Financial (FDEF)

First Defiance Financial (NASDAQ:FDEF) has been given an average broker rating score of 2.33 (Buy) from the three analysts that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.

Brokers have set a one year consensus price objective of $64.50 for the company and are predicting that the company will post $1.01 earnings per share for the current quarter, according to Zacks. Zacks has also given First Defiance Financial an industry rank of 190 out of 255 based on the ratings given to related companies.

FDEF has been the subject of several research reports. ValuEngine upgraded First Defiance Financial from a “hold” rating to a “buy” rating in a research note on Saturday, May 26th. BidaskClub downgraded First Defiance Financial from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 12th. Finally, Zacks Investment Research upgraded First Defiance Financial from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research note on Monday, March 26th.

In other First Defiance Financial news, Director Robert E. Beach sold 6,300 shares of First Defiance Financial stock in a transaction dated Wednesday, April 25th. The stock was sold at an average price of $60.03, for a total transaction of $378,189.00. Following the completion of the transaction, the director now owns 43,392 shares in the company, valued at approximately $2,604,821.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John R. Reisner sold 750 shares of First Defiance Financial stock in a transaction dated Friday, June 1st. The shares were sold at an average price of $62.62, for a total value of $46,965.00. The disclosure for this sale can be found here. Insiders have sold a total of 8,000 shares of company stock valued at $483,985 in the last quarter. Company insiders own 3.14% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Handelsbanken Fonder AB boosted its stake in shares of First Defiance Financial by 100.0% in the 1st quarter. Handelsbanken Fonder AB now owns 8,000 shares of the savings and loans company’s stock worth $459,000 after buying an additional 4,000 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of First Defiance Financial by 1.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 433,566 shares of the savings and loans company’s stock worth $24,852,000 after buying an additional 7,038 shares during the last quarter. Maltese Capital Management LLC boosted its stake in shares of First Defiance Financial by 28.5% in the 1st quarter. Maltese Capital Management LLC now owns 160,600 shares of the savings and loans company’s stock worth $9,206,000 after buying an additional 35,600 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of First Defiance Financial by 10.7% in the 1st quarter. Russell Investments Group Ltd. now owns 28,837 shares of the savings and loans company’s stock worth $1,653,000 after buying an additional 2,790 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of First Defiance Financial by 3.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 828,521 shares of the savings and loans company’s stock worth $47,491,000 after buying an additional 24,207 shares during the last quarter. Hedge funds and other institutional investors own 65.08% of the company’s stock.

Shares of FDEF opened at $63.90 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.00 and a quick ratio of 0.99. The stock has a market capitalization of $659.44 million, a PE ratio of 18.21 and a beta of 0.89. First Defiance Financial has a one year low of $47.01 and a one year high of $64.83.

First Defiance Financial (NASDAQ:FDEF) last issued its earnings results on Monday, April 16th. The savings and loans company reported $1.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.16. The company had revenue of $36.39 million during the quarter, compared to the consensus estimate of $35.35 million. First Defiance Financial had a return on equity of 10.53% and a net margin of 25.37%. sell-side analysts forecast that First Defiance Financial will post 4.29 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 25th. Shareholders of record on Friday, May 18th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, May 17th. This represents a $1.20 dividend on an annualized basis and a yield of 1.88%. First Defiance Financial’s dividend payout ratio (DPR) is currently 34.19%.

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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