Keefe, Bruyette & Woods reissued their hold rating on shares of First Defiance Financial Corp. (NASDAQ:FDEF) in a report issued on Wednesday, June 28th. They currently have a $51.00 price objective on the savings and loans company’s stock.
A number of other equities analysts also recently issued reports on FDEF. Sandler O’Neill began coverage on First Defiance Financial Corp. in a research note on Wednesday, June 21st. They issued a hold rating and a $56.00 price target on the stock. Zacks Investment Research downgraded First Defiance Financial Corp. from a buy rating to a hold rating in a research report on Tuesday, June 20th.
First Defiance Financial Corp. (NASDAQ:FDEF) traded down 0.31% on Wednesday, hitting $51.42. The company had a trading volume of 24,316 shares. The firm has a market capitalization of $521.86 million, a PE ratio of 17.37 and a beta of 0.90. The firm has a 50-day moving average price of $53.00 and a 200-day moving average price of $51.34. First Defiance Financial Corp. has a 12-month low of $36.91 and a 12-month high of $56.90.
First Defiance Financial Corp. (NASDAQ:FDEF) last released its quarterly earnings results on Monday, July 17th. The savings and loans company reported $0.82 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.84 by $0.02. The firm had revenue of $34.77 million during the quarter, compared to analysts’ expectations of $33.88 million. First Defiance Financial Corp. had a return on equity of 9.71% and a net margin of 20.85%. On average, equities research analysts anticipate that First Defiance Financial Corp. will post $3.14 earnings per share for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, August 18th will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, August 16th. This represents a $1.00 dividend on an annualized basis and a yield of 1.94%. First Defiance Financial Corp.’s dividend payout ratio is presently 33.90%.
In other First Defiance Financial Corp. news, insider Gregory R. Allen sold 2,167 shares of the firm’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $54.23, for a total transaction of $117,516.41. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.40% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. LSV Asset Management boosted its stake in First Defiance Financial Corp. by 19.9% in the first quarter. LSV Asset Management now owns 224,081 shares of the savings and loans company’s stock worth $11,094,000 after buying an additional 37,220 shares in the last quarter. Seizert Capital Partners LLC purchased a new stake in shares of First Defiance Financial Corp. during the first quarter valued at about $1,832,000. AQR Capital Management LLC boosted its stake in shares of First Defiance Financial Corp. by 32.7% in the first quarter. AQR Capital Management LLC now owns 146,112 shares of the savings and loans company’s stock valued at $7,234,000 after buying an additional 35,984 shares during the period. Russell Investments Group Ltd. purchased a new stake in shares of First Defiance Financial Corp. during the fourth quarter valued at about $1,446,000. Finally, Federated Investors Inc. PA boosted its stake in shares of First Defiance Financial Corp. by 59.2% in the fourth quarter. Federated Investors Inc. PA now owns 73,137 shares of the savings and loans company’s stock valued at $3,711,000 after buying an additional 27,194 shares during the period. 62.97% of the stock is currently owned by institutional investors and hedge funds.
About First Defiance Financial Corp.
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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