First Defiance Financial Corp. (NASDAQ:FDEF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “First Defiance Financial Corp. is a unitary thrift holding company that, through its subsidiaries focuses on traditional banking, mortgage banking, and property and casualty, life and group health insurance products. Their traditional banking activities include originating and servicing residential, commercial, and consumer loans and providing a broad range of depository services. “

Separately, Keefe, Bruyette & Woods lifted their price objective on shares of First Defiance Financial Corp. from $40.00 to $45.00 and gave the stock a “market perform” rating in a research note on Monday, August 29th.

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First Defiance Financial Corp. (NASDAQ:FDEF) traded up 0.47% during trading on Tuesday, reaching $44.69. 36,345 shares of the company’s stock were exchanged. First Defiance Financial Corp. has a 52 week low of $34.80 and a 52 week high of $46.83. The stock has a market capitalization of $401.14 million, a price-to-earnings ratio of 14.81 and a beta of 0.77. The company’s 50 day moving average price is $44.30 and its 200-day moving average price is $40.70.

First Defiance Financial Corp. (NASDAQ:FDEF) last released its quarterly earnings results on Monday, July 18th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.10. First Defiance Financial Corp. had a net margin of 23.67% and a return on equity of 9.80%. On average, equities analysts expect that First Defiance Financial Corp. will post $3.14 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, August 19th were paid a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $0.88 annualized dividend and a dividend yield of 1.97%. First Defiance Financial Corp.’s dividend payout ratio is currently 29.24%.

In other news, insider Gregory R. Allen sold 1,000 shares of First Defiance Financial Corp. stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $43.03, for a total value of $43,030.00. Following the transaction, the insider now owns 16,092 shares of the company’s stock, valued at approximately $692,438.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.20% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in FDEF. Envestnet Asset Management Inc. increased its position in First Defiance Financial Corp. by 13.3% in the first quarter. Envestnet Asset Management Inc. now owns 2,802 shares of the company’s stock valued at $108,000 after buying an additional 330 shares during the period. Acadian Asset Management LLC increased its position in First Defiance Financial Corp. by 1,228.1% in the second quarter. Acadian Asset Management LLC now owns 3,028 shares of the company’s stock valued at $118,000 after buying an additional 2,800 shares during the period. US Bancorp DE increased its position in First Defiance Financial Corp. by 1.9% in the second quarter. US Bancorp DE now owns 3,893 shares of the company’s stock valued at $152,000 after buying an additional 73 shares during the period. Smith Asset Management Group LP increased its position in First Defiance Financial Corp. by 69.0% in the second quarter. Smith Asset Management Group LP now owns 8,324 shares of the company’s stock valued at $323,000 after buying an additional 3,400 shares during the period. Finally, Sigma Planning Corp purchased a new position in First Defiance Financial Corp. during the second quarter valued at $433,000. 64.05% of the stock is currently owned by institutional investors.

First Defiance Financial Corp. Company Profile

First Defiance Financial Corp. (First Defiance) is a unitary thrift holding company that focuses on traditional banking and property and casualty, life and group health insurance products. The Company operates through its subsidiaries, First Federal Bank of the Midwest (First Federal or the Bank), First Insurance Group of the Midwest, Inc (First Insurance) and First Defiance Risk Management Inc First Federal is a federally chartered stock savings bank.

5 Day Chart for NASDAQ:FDEF

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