First Defiance Financial (NASDAQ:FDEF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

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. “

FDEF has been the subject of several other research reports. Keefe, Bruyette & Woods restated a “hold” rating and issued a $54.00 price target on shares of First Defiance Financial in a report on Thursday, October 19th. ValuEngine cut First Defiance Financial from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $57.67.

Shares of First Defiance Financial (NASDAQ FDEF) opened at $53.68 on Tuesday. The company has a market capitalization of $559.89, a PE ratio of 16.41 and a beta of 0.92. First Defiance Financial has a 52-week low of $46.27 and a 52-week high of $56.91. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.00 and a current ratio of 1.01.

First Defiance Financial (NASDAQ:FDEF) last posted its quarterly earnings data on Monday, October 16th. The savings and loans company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.05. The firm had revenue of $34.50 million during the quarter, compared to analysts’ expectations of $34.85 million. First Defiance Financial had a return on equity of 9.51% and a net margin of 21.47%. analysts expect that First Defiance Financial will post 3.45 earnings per share for the current year.

In other First Defiance Financial news, Director Samuel S. Strausbaugh sold 3,319 shares of First Defiance Financial stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $53.85, for a total value of $178,728.15. Following the completion of the sale, the director now owns 8,856 shares in the company, valued at approximately $476,895.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen L. Boomer sold 755 shares of First Defiance Financial stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $53.22, for a total value of $40,181.10. Following the completion of the sale, the director now owns 12,809 shares of the company’s stock, valued at approximately $681,694.98. The disclosure for this sale can be found here. Insiders sold a total of 9,074 shares of company stock valued at $496,139 in the last 90 days. 3.40% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FDEF. Vanguard Group Inc. lifted its stake in shares of First Defiance Financial by 14.4% in the 2nd quarter. Vanguard Group Inc. now owns 403,802 shares of the savings and loans company’s stock valued at $21,272,000 after purchasing an additional 50,760 shares in the last quarter. Maltese Capital Management LLC lifted its stake in shares of First Defiance Financial by 96.8% in the 3rd quarter. Maltese Capital Management LLC now owns 86,200 shares of the savings and loans company’s stock valued at $4,525,000 after purchasing an additional 42,400 shares in the last quarter. Thrivent Financial For Lutherans acquired a new position in shares of First Defiance Financial in the 2nd quarter valued at about $1,487,000. Northern Trust Corp lifted its stake in shares of First Defiance Financial by 20.2% in the 2nd quarter. Northern Trust Corp now owns 166,214 shares of the savings and loans company’s stock valued at $8,756,000 after purchasing an additional 27,910 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of First Defiance Financial by 14.2% in the 2nd quarter. State Street Corp now owns 177,102 shares of the savings and loans company’s stock valued at $9,332,000 after purchasing an additional 22,079 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

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First Defiance Financial Company Profile

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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