First Defiance Financial’s (FDEF) Hold Rating Reaffirmed at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their hold rating on shares of First Defiance Financial (NASDAQ:FDEF) in a report released on Friday. They currently have a $60.00 target price on the savings and loans company’s stock.

A number of other analysts have also recently issued reports on FDEF. ValuEngine upgraded shares of First Defiance Financial from a hold rating to a buy rating in a research note on Monday, October 2nd. Zacks Investment Research cut shares of First Defiance Financial from a buy rating to a hold rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $59.67.

First Defiance Financial (NASDAQ:FDEF) traded down $1.26 during midday trading on Friday, reaching $53.61. 18,918 shares of the company’s stock were exchanged, compared to its average volume of 28,392. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.01 and a quick ratio of 1.00. The firm has a market capitalization of $531.95, a PE ratio of 17.35 and a beta of 0.92. First Defiance Financial has a 1 year low of $46.27 and a 1 year high of $56.91.

First Defiance Financial (NASDAQ:FDEF) last posted its earnings results on Monday, October 16th. The savings and loans company reported $0.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.05. The firm had revenue of $34.50 million during the quarter, compared to analysts’ expectations of $34.85 million. First Defiance Financial had a net margin of 21.47% and a return on equity of 9.51%. analysts expect that First Defiance Financial will post 3.45 EPS for the current fiscal year.

In other news, insider Gregory R. Allen sold 1,000 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $54.55, for a total value of $54,550.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen L. Boomer sold 755 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $53.22, for a total transaction of $40,181.10. Following the completion of the sale, the director now owns 12,809 shares of the company’s stock, valued at $681,694.98. The disclosure for this sale can be found here. Insiders sold 9,074 shares of company stock valued at $496,139 over the last quarter. Corporate insiders own 3.40% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Highbridge Capital Management LLC acquired a new stake in shares of First Defiance Financial in the third quarter worth $226,000. OxFORD Asset Management LLP acquired a new stake in shares of First Defiance Financial in the third quarter worth $273,000. Macquarie Group Ltd. acquired a new stake in shares of First Defiance Financial in the third quarter worth $301,000. Alliancebernstein L.P. acquired a new position in First Defiance Financial during the 2nd quarter valued at $327,000. Finally, Aperio Group LLC raised its stake in First Defiance Financial by 4.9% during the 2nd quarter. Aperio Group LLC now owns 6,328 shares of the savings and loans company’s stock valued at $333,000 after purchasing an additional 294 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

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First Defiance Financial Company Profile

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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