Today, First Defiance Financial Corp. (FDEF) Raised to “Hold” at The Zacks Investment Research

Today, First Defiance Financial Corp. (FDEF) Raised to “Hold” at The Zacks Investment Research

First Defiance Financial Corp. (NASDAQ:FDEF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Friday.

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 increased their price objective on First Defiance Financial Corp. from $40.00 to $45.00 and gave the stock a “market perform” rating in a research report on Monday, August 29th.

First Defiance Financial Corp. (NASDAQ:FDEF) traded up 0.35% on Friday, hitting $46.43. The company had a trading volume of 8,100 shares. The firm has a market capitalization of $416.99 million, a PE ratio of 15.08 and a beta of 0.89. First Defiance Financial Corp. has a 12-month low of $34.80 and a 12-month high of $46.83. The firm has a 50-day moving average price of $42.69 and a 200-day moving average price of $42.14.

First Defiance Financial Corp. (NASDAQ:FDEF) last posted its quarterly earnings results on Monday, October 17th. The company reported $0.78 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.78. First Defiance Financial Corp. had a return on equity of 9.81% and a net margin of 23.51%. On average, equities research analysts anticipate that First Defiance Financial Corp. will post $3.12 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Friday, November 11th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Tuesday, November 8th. First Defiance Financial Corp.’s payout ratio is 28.66%.

A number of hedge funds and other institutional investors have recently bought and sold shares of FDEF. First Quadrant L P CA boosted its position in First Defiance Financial Corp. by 39.3% in the third quarter. First Quadrant L P CA now owns 2,785 shares of the company’s stock valued at $124,000 after buying an additional 785 shares during the last quarter. Acadian Asset Management LLC raised its stake in First Defiance Financial Corp. by 1,228.1% in the second quarter. Acadian Asset Management LLC now owns 3,028 shares of the company’s stock valued at $118,000 after buying an additional 2,800 shares during the period. US Bancorp DE raised its stake in First Defiance Financial Corp. by 1.9% in the second quarter. US Bancorp DE now owns 3,893 shares of the company’s stock valued at $152,000 after buying an additional 73 shares during the period. Credit Suisse AG raised its stake in First Defiance Financial Corp. by 35.4% in the third quarter. Credit Suisse AG now owns 7,140 shares of the company’s stock valued at $318,000 after buying an additional 1,866 shares during the period. Finally, Smith Asset Management Group LP raised its stake in First Defiance Financial Corp. by 69.0% in the second quarter. Smith Asset Management Group LP now owns 8,324 shares of the company’s stock valued at $323,000 after buying an additional 3,400 shares during the period. Hedge funds and other institutional investors own 65.85% of the company’s stock.

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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