First Defiance Financial (FDEF) Posts Earnings Results, Hits Expectations

First Defiance Financial (NASDAQ:FDEF) posted its earnings results on Monday. The savings and loans company reported $0.56 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.56, Morningstar.com reports. First Defiance Financial had a net margin of 27.15% and a return on equity of 11.40%. The firm had revenue of $36.86 million for the quarter, compared to the consensus estimate of $37.40 million.

Shares of NASDAQ:FDEF opened at $27.06 on Tuesday. The stock has a market cap of $552.08 million, a P/E ratio of 15.46 and a beta of 0.91. First Defiance Financial has a 12 month low of $22.78 and a 12 month high of $35.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.00 and a current ratio of 1.01.

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Hedge funds have recently modified their holdings of the business. Franklin Resources Inc. grew its stake in First Defiance Financial by 100.0% in the 3rd quarter. Franklin Resources Inc. now owns 201,600 shares of the savings and loans company’s stock worth $6,070,000 after acquiring an additional 100,800 shares in the last quarter. Federated Investors Inc. PA grew its stake in First Defiance Financial by 80.0% in the 3rd quarter. Federated Investors Inc. PA now owns 272,751 shares of the savings and loans company’s stock worth $8,213,000 after acquiring an additional 121,238 shares in the last quarter. Prudential Financial Inc. grew its stake in First Defiance Financial by 99.6% in the 3rd quarter. Prudential Financial Inc. now owns 220,212 shares of the savings and loans company’s stock worth $6,630,000 after acquiring an additional 109,863 shares in the last quarter. Systematic Financial Management LP grew its stake in First Defiance Financial by 94.6% in the 3rd quarter. Systematic Financial Management LP now owns 34,625 shares of the savings and loans company’s stock worth $1,043,000 after acquiring an additional 16,830 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in First Defiance Financial in the 2nd quarter worth about $140,000. Institutional investors and hedge funds own 64.90% of the company’s stock.

Several brokerages recently commented on FDEF. Zacks Investment Research downgraded shares of First Defiance Financial from a “buy” rating to a “hold” rating in a report on Tuesday, December 18th. BidaskClub upgraded shares of First Defiance Financial from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 18th. ValuEngine upgraded shares of First Defiance Financial from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 2nd. Finally, Keefe, Bruyette & Woods upgraded shares of First Defiance Financial from a “market perform” rating to an “outperform” rating and upped their price target for the company from $32.00 to $33.00 in a report on Monday, December 17th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. First Defiance Financial presently has a consensus rating of “Hold” and a consensus target price of $33.00.

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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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