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 stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating and one has given a buy rating to the company.
Brokerages have set a 1 year consensus price objective 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 given First Defiance Financial an industry rank of 64 out of 255 based on the ratings given to related companies.
Several research analysts recently weighed in on FDEF shares. Zacks Investment Research upgraded shares of First Defiance Financial from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a research report on Thursday, January 24th. BidaskClub upgraded shares of First Defiance Financial from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 18th. Keefe, Bruyette & Woods upgraded shares of First Defiance Financial from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $32.00 to $33.00 in a research report on Monday, December 17th. Finally, ValuEngine upgraded shares of First Defiance Financial from a “sell” rating to a “hold” rating in a research report on Thursday, February 7th.
In other First Defiance Financial news, CEO Donald P. Hileman sold 1,000 shares of the company’s stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $29.35, for a total transaction of $29,350.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark Andrew Robison purchased 887 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was purchased at an average cost of $30.04 per share, with a total value of $26,645.48. The disclosure for this purchase can be found here. Insiders own 3.14% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in shares of First Defiance Financial by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 243,882 shares of the savings and loans company’s stock valued at $5,977,000 after buying an additional 11,349 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of First Defiance Financial in the 4th quarter valued at $340,000. Millennium Management LLC grew its holdings in shares of First Defiance Financial by 75.3% in the 4th quarter. Millennium Management LLC now owns 60,500 shares of the savings and loans company’s stock valued at $1,483,000 after buying an additional 25,982 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of First Defiance Financial by 0.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 255,189 shares of the savings and loans company’s stock valued at $6,255,000 after buying an additional 999 shares during the period. Finally, Metropolitan Life Insurance Co. NY grew its holdings in shares of First Defiance Financial by 298.1% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,118 shares of the savings and loans company’s stock valued at $174,000 after buying an additional 5,330 shares during the period. 63.33% of the stock is owned by institutional investors.
FDEF stock opened at $30.68 on Friday. First Defiance Financial has a twelve month low of $22.78 and a twelve month high of $35.00. The stock has a market cap of $615.86 million, a P/E ratio of 13.76 and a beta of 1.01. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.00.
First Defiance Financial (NASDAQ:FDEF) last released 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. First Defiance Financial had a return on equity of 11.70% and a net margin of 28.21%. The company had revenue of $36.86 million for the quarter, compared to the consensus estimate of $37.40 million. On average, sell-side analysts predict that First Defiance Financial will post 2.32 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 22nd. Investors of record on Friday, February 15th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.48%. The ex-dividend date was Thursday, February 14th. This is a boost from First Defiance Financial’s previous quarterly dividend of $0.17. First Defiance Financial’s payout ratio is 34.08%.
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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