First Defiance Financial Corp. (NASDAQ:FDEF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued 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 target price on First Defiance Financial Corp. from $40.00 to $45.00 and gave the company a “market perform” rating in a research note on Monday, August 29th.

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Shares of First Defiance Financial Corp. (NASDAQ:FDEF) traded up 0.47% during mid-day trading on Tuesday, reaching $44.69. 36,345 shares of the company’s stock traded hands. First Defiance Financial Corp. has a 1-year low of $34.80 and a 1-year high of $46.83. The company has a market capitalization of $401.14 million, a P/E ratio of 14.81 and a beta of 0.77. The firm has a 50-day moving average price of $44.30 and a 200-day moving average price of $40.70.

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

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

In other First Defiance Financial Corp. news, insider Gregory R. Allen sold 1,000 shares of First Defiance Financial Corp. stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $43.03, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.20% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its stake in shares of First Defiance Financial Corp. by 86.0% in the second quarter. Royal Bank of Canada now owns 55,021 shares of the company’s stock valued at $2,138,000 after buying an additional 25,438 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in shares of First Defiance Financial Corp. by 60.8% in the second quarter. Wedge Capital Management L L P NC now owns 33,600 shares of the company’s stock valued at $1,305,000 after buying an additional 12,700 shares in the last quarter. Numeric Investors LLC raised its stake in shares of First Defiance Financial Corp. by 2.7% in the second quarter. Numeric Investors LLC now owns 202,395 shares of the company’s stock valued at $7,863,000 after buying an additional 5,246 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of First Defiance Financial Corp. by 13.5% in the second quarter. AQR Capital Management LLC now owns 84,938 shares of the company’s stock valued at $3,300,000 after buying an additional 10,103 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its stake in shares of First Defiance Financial Corp. by 30.9% in the second quarter. Panagora Asset Management Inc. now owns 25,915 shares of the company’s stock valued at $1,007,000 after buying an additional 6,123 shares in the last quarter. 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.

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