Shares of First Defiance Financial (NASDAQ:FDEF) have been given a consensus broker rating score of 2.33 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Brokerages have set a 12 month consensus price target of $56.00 for the company and are predicting that the company will post $0.89 EPS for the current quarter, according to Zacks. Zacks has also given First Defiance Financial an industry rank of 15 out of 265 based on the ratings given to related companies.
Several research analysts have issued reports on FDEF shares. ValuEngine raised First Defiance Financial from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research raised First Defiance Financial from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research note on Wednesday, October 18th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $60.00 price target on shares of First Defiance Financial in a research note on Friday, December 22nd. Finally, BidaskClub downgraded First Defiance Financial from a “hold” rating to a “sell” rating in a research note on Friday, January 5th.
First Defiance Financial (NASDAQ:FDEF) last posted its quarterly earnings data on Monday, October 16th. The savings and loans company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.05. First Defiance Financial had a return on equity of 9.51% and a net margin of 21.47%. The firm had revenue of $34.50 million for the quarter, compared to the consensus estimate of $34.85 million. equities analysts expect that First Defiance Financial will post 3.45 earnings per share for the current year.
In other news, insider Gregory R. Allen sold 1,000 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $54.55, for a total value of $54,550.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert E. Beach sold 4,000 shares of the stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $55.67, for a total value of $222,680.00. Following the completion of the transaction, the director now directly owns 49,692 shares in the company, valued at approximately $2,766,353.64. The disclosure for this sale can be found here. In the last three months, insiders sold 9,074 shares of company stock worth $496,139. 3.40% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of FDEF. Vanguard Group Inc. lifted its stake in shares of First Defiance Financial by 14.4% in the 2nd quarter. Vanguard Group Inc. now owns 403,802 shares of the savings and loans company’s stock valued at $21,272,000 after purchasing an additional 50,760 shares during the period. Maltese Capital Management LLC raised its stake in First Defiance Financial by 96.8% during the 3rd quarter. Maltese Capital Management LLC now owns 86,200 shares of the savings and loans company’s stock worth $4,525,000 after buying an additional 42,400 shares during the period. Thrivent Financial For Lutherans acquired a new stake in First Defiance Financial during the 2nd quarter worth $1,487,000. Northern Trust Corp raised its stake in First Defiance Financial by 20.2% during the 2nd quarter. Northern Trust Corp now owns 166,214 shares of the savings and loans company’s stock worth $8,756,000 after buying an additional 27,910 shares during the period. Finally, State Street Corp raised its stake in First Defiance Financial by 14.2% during the 2nd quarter. State Street Corp now owns 177,102 shares of the savings and loans company’s stock worth $9,332,000 after buying an additional 22,079 shares during the period. 64.14% of the stock is currently owned by institutional investors.
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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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