Zacks Investment Research lowered shares of First Defiance Financial (NASDAQ:FDEF) from a buy rating to a hold rating in a report released on Tuesday.
According to Zacks, “First Defiance Financial Corp. is a unitary thrift holding company that, through its subsidiaries focuses on traditional banking, mortgage banking, and property and casualty, life and group health insurance products. Their traditional banking activities include originating and servicing residential, commercial, and consumer loans and providing a broad range of depository services. “
Several other research analysts have also weighed in on the stock. ValuEngine lowered shares of First Defiance Financial from a buy rating to a hold rating in a report on Friday, September 1st. Keefe, Bruyette & Woods reissued a hold rating and set a $54.00 price objective on shares of First Defiance Financial in a report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $59.67.
First Defiance Financial (NASDAQ:FDEF) last announced its quarterly earnings data on Monday, October 16th. The savings and loans company reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.05. The company had revenue of $34.50 million during the quarter, compared to analyst estimates of $34.85 million. First Defiance Financial had a net margin of 21.47% and a return on equity of 9.51%. equities research analysts predict that First Defiance Financial will post 3.45 earnings per share for the current fiscal year.
In other news, Director Stephen L. Boomer sold 755 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $53.22, for a total value of $40,181.10. Following the transaction, the director now directly owns 12,809 shares in the company, valued at approximately $681,694.98. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Gregory R. Allen sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $54.55, for a total transaction of $54,550.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,074 shares of company stock worth $496,139. Insiders own 3.40% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Highbridge Capital Management LLC bought a new position in shares of First Defiance Financial in the 3rd quarter worth about $226,000. OxFORD Asset Management LLP bought a new position in shares of First Defiance Financial in the 3rd quarter worth about $273,000. Macquarie Group Ltd. bought a new position in shares of First Defiance Financial in the 3rd quarter worth about $301,000. Alliancebernstein L.P. bought a new position in shares of First Defiance Financial in the 2nd quarter worth about $327,000. Finally, Aperio Group LLC lifted its position in shares of First Defiance Financial by 4.9% in the 2nd quarter. Aperio Group LLC now owns 6,328 shares of the savings and loans company’s stock worth $333,000 after buying an additional 294 shares during the last quarter. Institutional investors own 64.25% of the company’s stock.
About First Defiance Financial
First Defiance Financial Corp. is a unitary thrift holding company that focuses on traditional banking and property and casualty, life and group health insurance products. The Company operates through its subsidiaries, First Federal Bank of the Midwest (First Federal or the Bank), First Insurance Group of the Midwest, Inc (First Insurance) and First Defiance Risk Management Inc (First Defiance Risk Management).
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