First Defiance Financial Corp. (NASDAQ:FDEF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The brokerage currently has a $61.00 target price on the savings and loans company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 9.18% from the company’s previous close.

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. “

A number of other analysts also recently weighed in on the stock. ValuEngine raised shares of First Defiance Financial Corp. from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. BidaskClub downgraded shares of First Defiance Financial Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Sandler O’Neill raised shares of First Defiance Financial Corp. from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research report on Wednesday, July 19th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $51.00 price objective on shares of First Defiance Financial Corp. in a research report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. First Defiance Financial Corp. currently has an average rating of “Hold” and an average price target of $56.67.

First Defiance Financial Corp. (FDEF) traded up 2.36% on Wednesday, hitting $55.87. 69,928 shares of the company’s stock were exchanged. First Defiance Financial Corp. has a 52-week low of $36.91 and a 52-week high of $56.91. The stock has a market cap of $567.02 million, a P/E ratio of 17.99 and a beta of 0.92. The firm has a 50 day moving average price of $51.10 and a 200-day moving average price of $51.92.

First Defiance Financial Corp. (NASDAQ:FDEF) last released its earnings results on Monday, October 16th. The savings and loans company reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.05. The firm had revenue of $34.50 million for the quarter, compared to the consensus estimate of $34.85 million. First Defiance Financial Corp. had a net margin of 21.47% and a return on equity of 9.74%. Analysts predict that First Defiance Financial Corp. will post $3.16 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Zacks Investment Research Upgrades First Defiance Financial Corp. (FDEF) to Buy” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another publication, it was illegally stolen and reposted in violation of international copyright legislation. The correct version of this report can be viewed at https://www.americanbankingnews.com/2017/10/18/zacks-investment-research-upgrades-first-defiance-financial-corp-fdef-to-buy.html.

A number of hedge funds have recently made changes to their positions in FDEF. Vanguard Group Inc. grew its position in First Defiance Financial Corp. by 14.4% during the 2nd quarter. Vanguard Group Inc. now owns 403,802 shares of the savings and loans company’s stock valued at $21,272,000 after purchasing an additional 50,760 shares during the last quarter. AQR Capital Management LLC grew its position in First Defiance Financial Corp. by 32.7% during the 1st quarter. AQR Capital Management LLC now owns 146,112 shares of the savings and loans company’s stock valued at $7,234,000 after purchasing an additional 35,984 shares during the last quarter. Thrivent Financial For Lutherans purchased a new stake in First Defiance Financial Corp. during the 2nd quarter valued at about $1,487,000. Northern Trust Corp grew its position in First Defiance Financial Corp. by 20.2% during the 2nd quarter. Northern Trust Corp now owns 166,214 shares of the savings and loans company’s stock valued at $8,756,000 after purchasing an additional 27,910 shares during the last quarter. Finally, State Street Corp grew its position in First Defiance Financial Corp. by 14.2% during the 2nd quarter. State Street Corp now owns 177,102 shares of the savings and loans company’s stock valued at $9,332,000 after purchasing an additional 22,079 shares during the last quarter. 63.90% of the stock is currently owned by institutional investors.

First Defiance Financial Corp. Company Profile

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).

Get a free copy of the Zacks research report on First Defiance Financial Corp. (FDEF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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