Zacks: First Defiance Financial (FDEF) Given $30.75 Consensus Target Price by Analysts

First Defiance Financial (NASDAQ:FDEF) has received an average broker rating score of 2.67 (Hold) from the three brokers that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating and one has given a buy rating to the company. First Defiance Financial’s rating score has improved by 11% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.

Analysts have set a 12 month consensus price objective of $30.75 for the company and are predicting that the company will post $0.56 EPS for the current quarter, according to Zacks. Zacks has also given First Defiance Financial an industry rank of 107 out of 256 based on the ratings given to related companies.

Several brokerages have recently issued reports on FDEF. BidaskClub lowered First Defiance Financial from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 27th. ValuEngine raised First Defiance Financial from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 2nd. Zacks Investment Research lowered First Defiance Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, December 18th. Finally, Keefe, Bruyette & Woods raised First Defiance Financial from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $32.00 to $33.00 in a research report on Monday, December 17th.

Several large investors have recently made changes to their positions in FDEF. Legal & General Group Plc increased its position in First Defiance Financial by 100.0% during the 3rd quarter. Legal & General Group Plc now owns 3,312 shares of the savings and loans company’s stock valued at $100,000 after buying an additional 1,656 shares in the last quarter. Ramsey Quantitative Systems increased its position in First Defiance Financial by 188.2% during the 3rd quarter. Ramsey Quantitative Systems now owns 3,654 shares of the savings and loans company’s stock valued at $110,000 after buying an additional 2,386 shares in the last quarter. SG Americas Securities LLC bought a new position in First Defiance Financial during the 2nd quarter valued at approximately $140,000. Robeco Institutional Asset Management B.V. bought a new position in First Defiance Financial during the 3rd quarter valued at approximately $153,000. Finally, Peloton Wealth Strategists bought a new position in First Defiance Financial during the 2nd quarter valued at approximately $220,000. 64.90% of the stock is owned by hedge funds and other institutional investors.

NASDAQ FDEF opened at $26.35 on Wednesday. First Defiance Financial has a fifty-two week low of $22.78 and a fifty-two week high of $35.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.01 and a quick ratio of 1.00. The company has a market capitalization of $526.57 million, a price-to-earnings ratio of 15.06 and a beta of 0.91.

First Defiance Financial (NASDAQ:FDEF) last released its quarterly earnings data on Monday, October 15th. The savings and loans company reported $0.55 earnings per share for the quarter, hitting the consensus estimate of $0.55. First Defiance Financial had a return on equity of 11.40% and a net margin of 27.15%. The business had revenue of $37.45 million during the quarter, compared to analysts’ expectations of $37.50 million. As a group, research analysts expect that First Defiance Financial will post 2.23 earnings per share for the current year.

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, 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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