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

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

Zacks Investment Research upgraded shares of First Defiance Financial Corp. (NASDAQ:FDEF) from a sell rating to a hold rating in a research report released on Friday morning.

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 boosted their price target 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.

Shares of First Defiance Financial Corp. (NASDAQ:FDEF) opened at 46.43 on Friday. The firm has a market cap of $416.99 million, a price-to-earnings ratio of 15.08 and a beta of 0.89. The stock has a 50 day moving average of $42.69 and a 200-day moving average of $42.14. First Defiance Financial Corp. has a 1-year low of $34.80 and a 1-year high of $46.83.

First Defiance Financial Corp. (NASDAQ:FDEF) last announced its quarterly earnings data 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 net margin of 23.51% and a return on equity of 9.81%. Equities analysts anticipate that First Defiance Financial Corp. will post $3.12 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Friday, November 11th were issued 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 dividend payout ratio (DPR) is presently 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 period. Acadian Asset Management LLC increased its stake in shares of 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 in the last quarter. US Bancorp DE increased its stake in shares of 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 in the last quarter. Credit Suisse AG increased its stake in shares of 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 in the last quarter. Finally, Smith Asset Management Group LP increased its stake in shares of 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 in the last quarter. Institutional investors own 67.52% 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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