Shares of First Defiance Financial (NASDAQ:FDEF) have been given an average broker rating score of 2.67 (Hold) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company.
Brokers have set a 12-month consensus price objective of $31.75 for the company and are expecting that the company will post $0.58 EPS for the current quarter, according to Zacks. Zacks has also assigned First Defiance Financial an industry rank of 99 out of 256 based on the ratings given to its competitors.
Several equities analysts have issued reports on FDEF shares. BidaskClub upgraded shares of First Defiance Financial from a “sell” rating to a “hold” rating in a research note on Thursday, May 9th. Zacks Investment Research raised shares of First Defiance Financial from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Friday, April 12th. Finally, ValuEngine lowered shares of First Defiance Financial from a “hold” rating to a “sell” rating in a report on Tuesday, March 19th.
First Defiance Financial (NASDAQ:FDEF) last issued its earnings results on Monday, April 22nd. The savings and loans company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The firm had revenue of $39.08 million during the quarter, compared to the consensus estimate of $36.40 million. First Defiance Financial had a net margin of 27.21% and a return on equity of 11.51%. On average, equities analysts forecast that First Defiance Financial will post 2.37 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 17th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Thursday, May 16th. First Defiance Financial’s dividend payout ratio (DPR) is presently 34.08%.
In other First Defiance Financial news, CEO Donald P. Hileman sold 1,000 shares of the business’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $29.35, for a total transaction of $29,350.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark Andrew Robison bought 887 shares of First Defiance Financial stock in a transaction on Thursday, March 7th. The shares were purchased at an average cost of $30.04 per share, with a total value of $26,645.48. The disclosure for this purchase can be found here. Insiders own 2.36% of the company’s stock.
A number of institutional investors have recently bought and sold shares of FDEF. Bank of New York Mellon Corp raised its holdings in shares of First Defiance Financial by 101.1% in the third quarter. Bank of New York Mellon Corp now owns 127,341 shares of the savings and loans company’s stock valued at $3,834,000 after purchasing an additional 64,006 shares during the last quarter. Martingale Asset Management L P raised its stake in First Defiance Financial by 98.7% in the third quarter. Martingale Asset Management L P now owns 106,720 shares of the savings and loans company’s stock valued at $3,214,000 after purchasing an additional 53,010 shares in the last quarter. BlackRock Inc. raised its stake in First Defiance Financial by 86.6% in the third quarter. BlackRock Inc. now owns 2,139,575 shares of the savings and loans company’s stock valued at $64,422,000 after purchasing an additional 992,763 shares in the last quarter. Credit Suisse AG raised its stake in First Defiance Financial by 44.2% in the third quarter. Credit Suisse AG now owns 19,984 shares of the savings and loans company’s stock valued at $602,000 after purchasing an additional 6,123 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in First Defiance Financial by 105.0% in the third quarter. JPMorgan Chase & Co. now owns 213,718 shares of the savings and loans company’s stock valued at $6,436,000 after purchasing an additional 109,453 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.
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, demand deposits, and certificates of deposits, as well as certificate of deposit account registry service; and commercial real estate, commercial, consumer finance, 1-4 family residential real estate, construction, and home equity and improvement loans.
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