First Defiance Financial (NASDAQ:FDEF) to Issue Dividend Increase – $0.22 Per Share

First Defiance Financial (NASDAQ:FDEF) declared a quarterly dividend on Monday, October 21st, Zacks reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.22 per share by the savings and loans company on Friday, November 22nd. This represents a $0.88 annualized dividend and a yield of 2.83%. The ex-dividend date is Thursday, November 14th. This is an increase from First Defiance Financial’s previous quarterly dividend of $0.19.

First Defiance Financial stock traded down $0.03 during mid-day trading on Tuesday, hitting $31.14. 617 shares of the company were exchanged, compared to its average volume of 82,156. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.35. The business has a fifty day moving average of $29.62 and a 200 day moving average of $28.37. First Defiance Financial has a 1-year low of $22.78 and a 1-year high of $31.83. The company has a market capitalization of $616.90 million, a PE ratio of 13.98 and a beta of 0.98.

First Defiance Financial (NASDAQ:FDEF) last released its quarterly earnings data on Monday, October 21st. The savings and loans company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.08. First Defiance Financial had a return on equity of 12.16% and a net margin of 27.21%. The firm had revenue of $40.73 million during the quarter, compared to analyst estimates of $40.15 million. Research analysts expect that First Defiance Financial will post 2.45 earnings per share for the current year.

A number of brokerages have recently weighed in on FDEF. Sandler O’Neill upgraded First Defiance Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. Zacks Investment Research upgraded First Defiance Financial from a “sell” rating to a “hold” rating and set a $36.00 target price for the company in a research note on Tuesday, October 29th. Finally, BidaskClub upgraded First Defiance Financial from a “sell” rating to a “hold” rating in a research note on Saturday, October 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. First Defiance Financial has a consensus rating of “Hold” and a consensus target price of $34.50.

In other news, CEO Donald P. Hileman sold 1,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $26.72, for a total value of $26,720.00. Following the completion of the sale, the chief executive officer now directly owns 71,940 shares in the company, valued at $1,922,236.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.36% of the company’s stock.

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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Dividend History for First Defiance Financial (NASDAQ:FDEF)

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