First Defiance Financial (NASDAQ:FDEF) Stock Rating Upgraded by Sandler O’Neill

First Defiance Financial (NASDAQ:FDEF) was upgraded by analysts at Sandler O’Neill from a “hold” rating to a “buy” rating in a research report issued on Wednesday, Marketbeat Ratings reports.

A number of other equities analysts have also recently commented on the stock. Zacks Investment Research raised shares of First Defiance Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, July 23rd. BidaskClub cut shares of First Defiance Financial from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 10th. Finally, ValuEngine cut shares of First Defiance Financial from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $33.00.

FDEF traded up $0.37 during trading on Wednesday, reaching $28.22. 1,479 shares of the stock were exchanged, compared to its average volume of 46,216. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.00 and a current ratio of 1.01. The stock’s 50 day moving average price is $27.18 and its two-hundred day moving average price is $28.42. First Defiance Financial has a twelve month low of $22.78 and a twelve month high of $31.77. The stock has a market cap of $549.82 million, a P/E ratio of 12.73 and a beta of 0.99.



First Defiance Financial (NASDAQ:FDEF) last released its quarterly earnings data on Monday, July 22nd. The savings and loans company reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.04. First Defiance Financial had a net margin of 27.02% and a return on equity of 11.64%. The firm had revenue of $39.48 million during the quarter, compared to analysts’ expectations of $39.58 million. Equities research analysts predict that First Defiance Financial will post 2.39 earnings per share for the current fiscal year.

In other First Defiance Financial news, CEO Donald P. Hileman sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $26.72, for a total transaction of $26,720.00. Following the completion of the transaction, the chief executive officer now owns 71,940 shares of the company’s stock, valued at $1,922,236.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.36% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of FDEF. BNP Paribas Arbitrage SA raised its stake in First Defiance Financial by 384.3% during the first quarter. BNP Paribas Arbitrage SA now owns 4,175 shares of the savings and loans company’s stock worth $120,000 after acquiring an additional 3,313 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of First Defiance Financial in the first quarter valued at approximately $28,000. SG Americas Securities LLC acquired a new position in shares of First Defiance Financial in the first quarter valued at approximately $142,000. Sigma Planning Corp acquired a new position in shares of First Defiance Financial in the first quarter valued at approximately $232,000. Finally, Victory Capital Management Inc. increased its stake in shares of First Defiance Financial by 20.0% in the first quarter. Victory Capital Management Inc. now owns 59,139 shares of the savings and loans company’s stock valued at $1,700,000 after buying an additional 9,839 shares during the period. 63.99% 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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