Keefe, Bruyette & Woods reiterated their hold rating on shares of First Defiance Financial (NASDAQ:FDEF) in a research note published on Wednesday, May 24th. They currently have a $51.00 price objective on the savings and loans company’s stock.
Separately, Zacks Investment Research lowered shares of First Defiance Financial from a buy rating to a hold rating in a report on Tuesday, February 14th.
Shares of First Defiance Financial (NASDAQ FDEF) traded up 1.24% during midday trading on Wednesday, reaching $53.89. 1,726 shares of the company’s stock traded hands. The stock has a 50 day moving average of $53.47 and a 200-day moving average of $50.29. First Defiance Financial has a 12 month low of $35.90 and a 12 month high of $56.20. The stock has a market cap of $546.71 million, a P/E ratio of 18.39 and a beta of 0.95.
First Defiance Financial (NASDAQ:FDEF) last issued its quarterly earnings data on Monday, April 17th. The savings and loans company reported $0.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.07. First Defiance Financial had a net margin of 15.97% and a return on equity of 6.37%. The firm had revenue of $32.19 million for the quarter, compared to analysts’ expectations of $31.79 million. On average, equities research analysts forecast that First Defiance Financial will post $3.42 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which was paid on Friday, May 26th. Shareholders of record on Friday, May 19th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Wednesday, May 17th. First Defiance Financial’s dividend payout ratio (DPR) is currently 27.76%.
In other First Defiance Financial news, insider Gregory R. Allen sold 2,167 shares of the stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $54.23, for a total transaction of $117,516.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.20% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its position in First Defiance Financial by 20.6% in the first quarter. Goldman Sachs Group Inc. now owns 12,877 shares of the savings and loans company’s stock worth $638,000 after buying an additional 2,200 shares during the period. AQR Capital Management LLC raised its position in First Defiance Financial by 32.7% in the first quarter. AQR Capital Management LLC now owns 146,112 shares of the savings and loans company’s stock worth $7,234,000 after buying an additional 35,984 shares during the period. Bank of America Corp DE raised its position in First Defiance Financial by 1.1% in the first quarter. Bank of America Corp DE now owns 156,170 shares of the savings and loans company’s stock worth $7,732,000 after buying an additional 1,741 shares during the period. Renaissance Technologies LLC raised its position in First Defiance Financial by 7.5% in the first quarter. Renaissance Technologies LLC now owns 306,500 shares of the savings and loans company’s stock worth $15,175,000 after buying an additional 21,305 shares during the period. Finally, Geode Capital Management LLC raised its position in First Defiance Financial by 5.4% in the first quarter. Geode Capital Management LLC now owns 86,139 shares of the savings and loans company’s stock worth $4,264,000 after buying an additional 4,384 shares during the period. 67.55% of the stock is owned by institutional investors and hedge funds.
First Defiance Financial Company Profile
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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