First Defiance Financial (FDEF) Stock Rating Lowered by BidaskClub

First Defiance Financial (NASDAQ:FDEF) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

A number of other research analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of First Defiance Financial from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Friday, December 29th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $60.00 price target on shares of First Defiance Financial in a research note on Friday, December 22nd. Finally, ValuEngine upgraded shares of First Defiance Financial from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $59.33.

Shares of First Defiance Financial (NASDAQ:FDEF) traded up $0.22 during trading on Friday, hitting $52.00. 24,109 shares of the stock were exchanged, compared to its average volume of 27,011. First Defiance Financial has a twelve month low of $46.27 and a twelve month high of $56.91. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $530.35, a price-to-earnings ratio of 16.83 and a beta of 0.93.

First Defiance Financial (NASDAQ:FDEF) last issued its quarterly earnings results on Monday, October 16th. The savings and loans company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.05. First Defiance Financial had a net margin of 21.47% and a return on equity of 9.51%. The business had revenue of $34.50 million for the quarter, compared to analyst estimates of $34.85 million. equities analysts forecast that First Defiance Financial will post 3.45 EPS for the current fiscal year.

In related news, Director Robert E. Beach sold 4,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $55.67, for a total transaction of $222,680.00. Following the sale, the director now owns 49,692 shares of the company’s stock, valued at $2,766,353.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Gregory R. Allen sold 1,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $54.55, for a total transaction of $54,550.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,074 shares of company stock worth $496,139. 3.40% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in FDEF. Schwab Charles Investment Management Inc. boosted its holdings in First Defiance Financial by 28.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 16,300 shares of the savings and loans company’s stock worth $859,000 after buying an additional 3,600 shares in the last quarter. Rhumbline Advisers boosted its holdings in First Defiance Financial by 5.1% during the second quarter. Rhumbline Advisers now owns 12,052 shares of the savings and loans company’s stock worth $635,000 after buying an additional 580 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in First Defiance Financial by 18.3% during the second quarter. Bank of New York Mellon Corp now owns 72,101 shares of the savings and loans company’s stock worth $3,798,000 after buying an additional 11,134 shares in the last quarter. Prudential Financial Inc. boosted its holdings in First Defiance Financial by 9.0% during the second quarter. Prudential Financial Inc. now owns 106,660 shares of the savings and loans company’s stock worth $5,619,000 after buying an additional 8,810 shares in the last quarter. Finally, Swiss National Bank purchased a new stake in First Defiance Financial during the second quarter worth about $890,000. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

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About First Defiance Financial

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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