First Defiance Financial Corp. (FDEF) Upgraded to “Hold” at Zacks Investment Research
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. “
Separately, Keefe, Bruyette & Woods increased their target price on shares of First Defiance Financial Corp. from $40.00 to $45.00 and gave the company a market perform rating in a research report on Monday, August 29th.
Shares of First Defiance Financial Corp. (NASDAQ:FDEF) opened at 46.43 on Friday. First Defiance Financial Corp. has a 12 month low of $34.80 and a 12 month high of $46.83. The stock’s 50 day moving average is $42.69 and its 200-day moving average is $42.14. The company has a market cap of $416.99 million, a P/E ratio of 15.08 and a beta of 0.89.
First Defiance Financial Corp. (NASDAQ:FDEF) last posted its earnings results on Monday, October 17th. The company reported $0.78 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.78. First Defiance Financial Corp. had a net margin of 23.51% and a return on equity of 9.81%. On average, equities analysts forecast that First Defiance Financial Corp. will post $3.12 EPS for the current year.
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The business also recently declared a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Friday, November 11th were issued a $0.22 dividend. The ex-dividend date was Tuesday, November 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.90%. First Defiance Financial Corp.’s dividend payout ratio is currently 28.66%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Group LTD raised its stake in First Defiance Financial Corp. by 196.6% in the first quarter. BlackRock Group LTD now owns 21,799 shares of the company’s stock worth $837,000 after buying an additional 14,449 shares during the last quarter. Prudential Financial Inc. raised its stake in First Defiance Financial Corp. by 6.6% in the second quarter. Prudential Financial Inc. now owns 74,780 shares of the company’s stock worth $2,905,000 after buying an additional 4,600 shares during the last quarter. LSV Asset Management raised its stake in First Defiance Financial Corp. by 6.8% in the second quarter. LSV Asset Management now owns 192,261 shares of the company’s stock worth $7,469,000 after buying an additional 12,208 shares during the last quarter. JPMorgan Chase & Co. raised its stake in First Defiance Financial Corp. by 140.7% in the second quarter. JPMorgan Chase & Co. now owns 82,075 shares of the company’s stock worth $3,189,000 after buying an additional 47,975 shares during the last quarter. Finally, Systematic Financial Management LP raised its stake in First Defiance Financial Corp. by 1.0% in the second quarter. Systematic Financial Management LP now owns 31,350 shares of the company’s stock worth $1,217,000 after buying an additional 305 shares during the last quarter. 67.52% of the stock is owned by institutional investors and hedge funds.
About First Defiance Financial Corp.
First Defiance Financial Corp. (First Defiance) 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 Federal is a federally chartered stock savings bank.
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