Shares of First Defiance Financial (NASDAQ:FDEF) have received an average broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation. First Defiance Financial’s rating score has declined by 28.8% from three months ago as a result of various analysts’ ratings changes.
Brokers have set a 12-month consensus target price of $35.50 for the company and are forecasting that the company will post $0.55 earnings per share for the current quarter, according to Zacks. Zacks has also assigned First Defiance Financial an industry rank of 121 out of 255 based on the ratings given to related companies.
FDEF has been the topic of a number of research reports. ValuEngine raised First Defiance Financial from a “hold” rating to a “buy” rating in a report on Saturday, May 26th. BidaskClub lowered First Defiance Financial from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 12th. Zacks Investment Research raised First Defiance Financial from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Friday, June 29th. Finally, Sandler O’Neill lowered First Defiance Financial from a “buy” rating to a “hold” rating and set a $35.00 target price on the stock. in a report on Tuesday, July 10th.
A number of institutional investors have recently bought and sold shares of the stock. Northern Trust Corp grew its holdings in First Defiance Financial by 0.6% in the first quarter. Northern Trust Corp now owns 165,728 shares of the savings and loans company’s stock valued at $9,500,000 after purchasing an additional 924 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in First Defiance Financial by 8.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 21,522 shares of the savings and loans company’s stock valued at $1,444,000 after purchasing an additional 1,700 shares during the period. California Public Employees Retirement System grew its holdings in First Defiance Financial by 5.4% in the first quarter. California Public Employees Retirement System now owns 37,251 shares of the savings and loans company’s stock valued at $2,135,000 after purchasing an additional 1,899 shares during the period. SG Americas Securities LLC acquired a new stake in First Defiance Financial in the second quarter valued at approximately $140,000. Finally, Millennium Management LLC grew its holdings in First Defiance Financial by 2.0% in the fourth quarter. Millennium Management LLC now owns 130,720 shares of the savings and loans company’s stock valued at $6,794,000 after purchasing an additional 2,563 shares during the period. 32.69% of the stock is currently owned by hedge funds and other institutional investors.
Shares of First Defiance Financial traded down $0.18, reaching $31.84, during mid-day trading on Tuesday, Marketbeat.com reports. The stock had a trading volume of 37,092 shares, compared to its average volume of 51,710. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.99 and a current ratio of 1.00. The firm has a market capitalization of $653.24 million, a PE ratio of 15.66 and a beta of 0.75. First Defiance Financial has a 1-year low of $23.50 and a 1-year high of $35.00.
First Defiance Financial (NASDAQ:FDEF) last announced its quarterly earnings data on Monday, July 16th. The savings and loans company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. The business had revenue of $36.76 million for the quarter, compared to analyst estimates of $36.60 million. First Defiance Financial had a return on equity of 11.09% and a net margin of 26.66%. sell-side analysts forecast that First Defiance Financial will post 2.21 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 24th. Investors of record on Friday, August 17th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.14%. This is a positive change from First Defiance Financial’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, August 16th. First Defiance Financial’s dividend payout ratio (DPR) is 34.29%.
About First Defiance Financial
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, and certificates of deposit, as well as Certificate of Deposit Account Registry Service; and consumer finance, 1-4 family residential real estate, commercial real estate, construction, consumer, commercial, and home equity and improvement loans.
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