First Defiance Financial (NASDAQ:FDEF) has earned an average broker rating score of 2.67 (Hold) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company.
Analysts have set a 12-month consensus price target of $30.50 for the company and are anticipating that the company will post $0.61 earnings per share for the current quarter, according to Zacks. Zacks has also given First Defiance Financial an industry rank of 94 out of 256 based on the ratings given to its competitors.
A number of equities research analysts have issued reports on FDEF shares. BidaskClub upgraded shares of First Defiance Financial from a “strong sell” rating to a “sell” rating in a report on Friday, August 2nd. ValuEngine lowered shares of First Defiance Financial from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 2nd. Finally, Zacks Investment Research upgraded shares of First Defiance Financial from a “sell” rating to a “hold” rating in a report on Tuesday, July 23rd.
Shares of FDEF stock traded down $0.24 during trading hours on Wednesday, hitting $27.21. The company had a trading volume of 27,089 shares, compared to its average volume of 52,456. The firm has a market capitalization of $536.58 million, a PE ratio of 12.20 and a beta of 0.96. First Defiance Financial has a fifty-two week low of $22.78 and a fifty-two week high of $33.34. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.23. The business’s fifty day moving average is $27.86.
First Defiance Financial (NASDAQ:FDEF) last released its earnings results on Monday, July 22nd. The savings and loans company reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.04. The company had revenue of $39.48 million for the quarter, compared to analyst estimates of $39.58 million. First Defiance Financial had a net margin of 27.02% and a return on equity of 11.72%. Equities research analysts expect that First Defiance Financial will post 2.39 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 16th will be issued a dividend of $0.19 per share. The ex-dividend date is Thursday, August 15th. This represents a $0.76 dividend on an annualized basis and a yield of 2.79%. First Defiance Financial’s dividend payout ratio (DPR) is presently 34.08%.
In other First Defiance Financial news, insider Donald P. Hileman sold 1,000 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $29.08, for a total value of $29,080.00. Following the sale, the insider now directly owns 72,960 shares of the company’s stock, valued at approximately $2,121,676.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider John R. Reisner sold 1,700 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $27.03, for a total transaction of $45,951.00. Following the completion of the sale, the insider now directly owns 365 shares in the company, valued at $9,865.95. The disclosure for this sale can be found here. 2.36% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in FDEF. Assenagon Asset Management S.A. purchased a new stake in shares of First Defiance Financial in the 1st quarter valued at approximately $2,897,000. Acadian Asset Management LLC increased its position in shares of First Defiance Financial by 450.0% in the 1st quarter. Acadian Asset Management LLC now owns 71,631 shares of the savings and loans company’s stock valued at $2,060,000 after purchasing an additional 58,607 shares during the last quarter. Dupont Capital Management Corp purchased a new stake in shares of First Defiance Financial in the 2nd quarter valued at approximately $816,000. Millennium Management LLC increased its position 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 purchasing an additional 25,982 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of First Defiance Financial by 9.4% in the 1st quarter. JPMorgan Chase & Co. now owns 256,574 shares of the savings and loans company’s stock valued at $7,375,000 after purchasing an additional 22,125 shares during the last quarter. 64.05% of the stock is currently owned by institutional investors.
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, demand deposits, and certificates of deposits, as well as certificate of deposit account registry service; and commercial real estate, commercial, consumer finance, 1-4 family residential real estate, construction, and home equity and improvement loans.
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