First Defiance Financial (FDEF) to Issue Quarterly Dividend of $0.19 on February 22nd

First Defiance Financial (NASDAQ:FDEF) declared a quarterly dividend on Monday, January 21st, Zacks reports. Investors of record on Friday, February 15th will be given a dividend of 0.19 per share by the savings and loans company on Friday, February 22nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date is Thursday, February 14th. This is an increase from First Defiance Financial’s previous quarterly dividend of $0.17.

First Defiance Financial has increased its dividend by an average of 18.2% annually over the last three years and has increased its dividend every year for the last 6 years. First Defiance Financial has a dividend payout ratio of 34.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect First Defiance Financial to earn $2.46 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 30.9%.

NASDAQ FDEF opened at $29.51 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.00 and a current ratio of 1.01. First Defiance Financial has a 52-week low of $22.78 and a 52-week high of $35.00. The stock has a market cap of $599.61 million, a P/E ratio of 13.23 and a beta of 1.00.

First Defiance Financial (NASDAQ:FDEF) last released its quarterly earnings results on Monday, January 21st. The savings and loans company reported $0.56 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.56. First Defiance Financial had a return on equity of 11.80% and a net margin of 28.21%. The firm had revenue of $36.86 million for the quarter, compared to analyst estimates of $37.40 million. Analysts predict that First Defiance Financial will post 2.32 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on FDEF shares. Zacks Investment Research raised First Defiance Financial from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Wednesday, October 17th. ValuEngine raised First Defiance Financial from a “sell” rating to a “hold” rating in a report on Thursday, February 7th. BidaskClub raised First Defiance Financial from a “sell” rating to a “hold” rating in a report on Friday, January 25th. Finally, Keefe, Bruyette & Woods raised First Defiance Financial from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $32.00 to $33.00 in a report on Monday, December 17th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. First Defiance Financial currently has a consensus rating of “Buy” and a consensus target price of $33.33.

TRADEMARK VIOLATION NOTICE: This news story was first published by Community Financial News and is the property of of Community Financial News. If you are viewing this news story on another publication, it was illegally stolen and republished in violation of U.S. & international copyright law. The legal version of this news story can be read at https://www.com-unik.info/2019/02/13/first-defiance-financial-fdef-to-issue-quarterly-dividend-of-0-19-on-february-22nd.html.

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.

Further Reading: How to find the components of the quick ratio

Dividend History for First Defiance Financial (NASDAQ:FDEF)

Receive News & Ratings for First Defiance Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Defiance Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit