First Defiance Financial (NASDAQ:FDEF) declared a quarterly dividend on Tuesday, July 17th, Wall Street Journal reports. Stockholders of record on Friday, August 17th will be paid a dividend of 0.17 per share by the savings and loans company on Friday, August 24th. This represents a $0.68 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, August 16th. This is a positive change from First Defiance Financial’s previous quarterly dividend of $0.15.
First Defiance Financial has increased its dividend by an average of 17.0% annually over the last three years and has raised its dividend every year for the last 5 years. First Defiance Financial has a dividend payout ratio of 30.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect First Defiance Financial to earn $2.29 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 29.7%.
Shares of NASDAQ FDEF opened at $32.13 on Wednesday. First Defiance Financial has a 1-year low of $23.50 and a 1-year high of $35.00. The stock has a market cap of $649.57 million, a PE ratio of 18.36 and a beta of 0.75. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.31.
In related news, insider John R. Reisner sold 750 shares of the company’s stock in a transaction dated Friday, June 1st. The shares were sold at an average price of $62.62, for a total value of $46,965.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders sold a total of 1,200 shares of company stock worth $75,121 in the last 90 days. 3.14% of the stock is currently owned by company insiders.
Several brokerages have recently weighed in on FDEF. ValuEngine lowered shares of First Defiance Financial from a “buy” rating to a “hold” rating in a report on Monday, May 7th. Zacks Investment Research lowered shares of First Defiance Financial from a “buy” rating to a “hold” rating in a report on Tuesday, June 19th. Sandler O’Neill lowered shares of First Defiance Financial from a “buy” rating to a “hold” rating and set a $35.00 target price on the stock. in a report on Tuesday, July 10th. Finally, BidaskClub lowered shares of First Defiance Financial from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $33.67.
About First Defiance Financial
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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