First Defiance Financial (NASDAQ:FDEF) announced a quarterly dividend on Monday, January 21st, Zacks reports. Stockholders of record on Friday, February 15th will be paid a dividend of 0.19 per share by the savings and loans company on Friday, February 22nd. This represents a $0.76 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Thursday, February 14th. This is a positive change from First Defiance Financial’s previous quarterly dividend of $0.17.
First Defiance Financial has raised its dividend by an average of 18.2% annually over the last three years and has increased its dividend annually for the last 6 consecutive years. First Defiance Financial has a dividend payout ratio of 34.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect First Defiance Financial to earn $2.46 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 30.9%.
Shares of FDEF traded up $0.24 during mid-day trading on Friday, hitting $29.39. The company’s stock had a trading volume of 60,180 shares, compared to its average volume of 57,300. First Defiance Financial has a 52-week low of $22.78 and a 52-week high of $35.00. The stock has a market capitalization of $594.72 million, a PE ratio of 13.18 and a beta of 1.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.00 and a current ratio of 1.01.
FDEF has been the subject of several research reports. Zacks Investment Research raised shares of First Defiance Financial from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Wednesday, October 17th. BidaskClub raised shares of First Defiance Financial from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 22nd. Keefe, Bruyette & Woods raised shares of First Defiance Financial from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $32.00 to $33.00 in a research report on Monday, December 17th. Finally, ValuEngine raised shares of First Defiance Financial from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 2nd. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. First Defiance Financial presently has an average rating of “Buy” and an average price target of $33.33.
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, 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.
See Also: Coverage Ratio
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