First Defiance Financial Corp. to Issue Quarterly Dividend of $0.25 (FDEF)
First Defiance Financial Corp. (NASDAQ:FDEF) declared a quarterly dividend on Monday, October 23rd, Wall Street Journal reports. Stockholders of record on Friday, November 10th will be given a dividend of 0.25 per share by the savings and loans company on Friday, November 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Thursday, November 9th.
First Defiance Financial Corp. (FDEF) traded down 0.16% on Monday, hitting $54.62. The stock had a trading volume of 27,720 shares. First Defiance Financial Corp. has a 52 week low of $36.91 and a 52 week high of $56.91. The firm has a 50-day moving average of $51.46 and a 200 day moving average of $51.97. The company has a market capitalization of $554.34 million, a price-to-earnings ratio of 17.59 and a beta of 0.92.
First Defiance Financial Corp. (NASDAQ:FDEF) last posted its quarterly earnings data on Monday, October 16th. The savings and loans company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.05. The company had revenue of $34.50 million during the quarter, compared to analysts’ expectations of $34.85 million. First Defiance Financial Corp. had a return on equity of 9.74% and a net margin of 21.47%. On average, analysts predict that First Defiance Financial Corp. will post $3.16 earnings per share for the current year.
FDEF has been the subject of a number of research reports. Zacks Investment Research upgraded First Defiance Financial Corp. from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Wednesday, October 18th. ValuEngine upgraded First Defiance Financial Corp. from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Sandler O’Neill upgraded First Defiance Financial Corp. from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Wednesday, July 19th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $54.00 price objective on shares of First Defiance Financial Corp. in a research report on Thursday. Finally, BidaskClub cut First Defiance Financial Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $57.67.
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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