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.
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.
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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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