Zacks: First Defiance Financial Corp. (FDEF) Receives Consensus Rating of “Hold” from Analysts
Shares of First Defiance Financial Corp. (NASDAQ:FDEF) have received an average broker rating score of 2.50 (Hold) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. Three equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. First Defiance Financial Corp.’s rating score has improved by 16.7% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a 12-month consensus target price of $50.50 for the company and are predicting that the company will post $0.87 EPS for the current quarter, according to Zacks. Zacks has also assigned First Defiance Financial Corp. an industry rank of 93 out of 265 based on the ratings given to related companies.
Several equities research analysts have recently issued reports on FDEF shares. Sandler O’Neill started coverage on shares of First Defiance Financial Corp. in a research report on Wednesday, June 21st. They issued a “hold” rating and a $56.00 price objective for the company. Zacks Investment Research lowered shares of First Defiance Financial Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $51.00 price target on shares of First Defiance Financial Corp. in a report on Wednesday, May 24th. Finally, BidaskClub lowered shares of First Defiance Financial Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st.
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First Defiance Financial Corp. (NASDAQ FDEF) traded up 1.46% during mid-day trading on Friday, reaching $48.07. 36,835 shares of the company traded hands. The stock has a market capitalization of $487.91 million, a PE ratio of 16.24 and a beta of 0.90. First Defiance Financial Corp. has a 52-week low of $36.91 and a 52-week high of $56.90. The stock has a 50-day moving average of $51.42 and a 200 day moving average of $51.44.
First Defiance Financial Corp. (NASDAQ:FDEF) last released its quarterly earnings data on Monday, July 17th. The savings and loans company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by $0.02. First Defiance Financial Corp. had a return on equity of 9.35% and a net margin of 20.85%. The business had revenue of $34.77 million during the quarter, compared to analyst estimates of $33.88 million. Equities research analysts expect that First Defiance Financial Corp. will post $3.14 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 18th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Wednesday, August 16th. First Defiance Financial Corp.’s payout ratio is 33.90%.
A number of large investors have recently added to or reduced their stakes in FDEF. Vanguard Group Inc. raised its stake in First Defiance Financial Corp. by 14.4% in the second quarter. Vanguard Group Inc. now owns 403,802 shares of the savings and loans company’s stock worth $21,272,000 after buying an additional 50,760 shares during the last quarter. LSV Asset Management raised its stake in First Defiance Financial Corp. by 19.9% in the first quarter. LSV Asset Management now owns 224,081 shares of the savings and loans company’s stock worth $11,094,000 after buying an additional 37,220 shares during the last quarter. Seizert Capital Partners LLC purchased a new stake in First Defiance Financial Corp. during the first quarter worth $1,832,000. AQR Capital Management LLC raised its stake in First Defiance Financial Corp. by 32.7% in the first quarter. AQR Capital Management LLC now owns 146,112 shares of the savings and loans company’s stock worth $7,234,000 after buying an additional 35,984 shares during the last quarter. Finally, Thrivent Financial For Lutherans purchased a new stake in First Defiance Financial Corp. during the second quarter worth $1,487,000. 63.18% of the stock is owned by institutional investors and hedge funds.
About First Defiance Financial Corp.
First Defiance Financial Corp. 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 Defiance Risk Management).
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