Trade Report: Today, First Defiance Financial Corp. (FDEF) Upgrade by The Zacks Investment Research to “Hold”

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

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

First Defiance Financial Corp. (NASDAQ:FDEF) opened at 46.43 on Friday. The stock’s 50 day moving average is $42.69 and its 200 day moving average is $42.14. First Defiance Financial Corp. has a 12-month low of $34.80 and a 12-month high of $46.83. The company has a market cap of $416.99 million, a P/E ratio of 15.08 and a beta of 0.89.

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

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

Several large investors have recently modified their holdings of the company. BlackRock Group LTD raised its stake in shares of First Defiance Financial Corp. by 196.6% in the first quarter. BlackRock Group LTD now owns 21,799 shares of the company’s stock worth $837,000 after buying an additional 14,449 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of First Defiance Financial Corp. by 6.6% in the second quarter. Prudential Financial Inc. now owns 74,780 shares of the company’s stock worth $2,905,000 after buying an additional 4,600 shares during the last quarter. LSV Asset Management raised its stake in shares of First Defiance Financial Corp. by 6.8% in the second quarter. LSV Asset Management now owns 192,261 shares of the company’s stock worth $7,469,000 after buying an additional 12,208 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of First Defiance Financial Corp. by 140.7% in the second quarter. JPMorgan Chase & Co. now owns 82,075 shares of the company’s stock worth $3,189,000 after buying an additional 47,975 shares during the last quarter. Finally, Systematic Financial Management LP raised its stake in shares of First Defiance Financial Corp. by 1.0% in the second quarter. Systematic Financial Management LP now owns 31,350 shares of the company’s stock worth $1,217,000 after buying an additional 305 shares during the last quarter. Institutional investors and hedge funds own 65.85% of the company’s stock.

About First Defiance Financial Corp.

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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