BidaskClub upgraded shares of First Defiance Financial (NASDAQ:FDEF) from a hold rating to a buy rating in a research report released on Saturday morning.
A number of other research firms have also recently weighed in on FDEF. Zacks Investment Research raised First Defiance Financial from a hold rating to a buy rating and set a $60.00 price objective for the company in a research report on Friday, December 29th. ValuEngine cut First Defiance Financial from a buy rating to a hold rating in a research report on Friday, February 2nd. Sandler O’Neill reaffirmed a buy rating and set a $64.00 price target on shares of First Defiance Financial in a research report on Tuesday, January 23rd. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and set a $60.00 price target on shares of First Defiance Financial in a research report on Friday, December 22nd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $61.33.
Shares of First Defiance Financial (FDEF) opened at $58.38 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.00 and a quick ratio of 0.99. The firm has a market capitalization of $594.44, a price-to-earnings ratio of 18.13 and a beta of 0.93. First Defiance Financial has a 52-week low of $46.71 and a 52-week high of $59.14.
The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Tuesday, February 6th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, February 5th. This represents a $1.20 dividend on an annualized basis and a yield of 2.06%. This is a boost from First Defiance Financial’s previous quarterly dividend of $0.25. First Defiance Financial’s payout ratio is currently 37.27%.
In other First Defiance Financial news, insider John R. Reisner sold 850 shares of First Defiance Financial stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $58.17, for a total transaction of $49,444.50. Following the completion of the sale, the insider now owns 4,729 shares of the company’s stock, valued at approximately $275,085.93. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Gregory R. Allen sold 2,193 shares of First Defiance Financial stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $56.56, for a total value of $124,036.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,393 shares of company stock valued at $193,263. 3.40% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of FDEF. Vanguard Group Inc. lifted its position in First Defiance Financial by 14.4% during the 2nd quarter. Vanguard Group Inc. now owns 403,802 shares of the savings and loans company’s stock worth $21,272,000 after acquiring an additional 50,760 shares during the period. Parametric Portfolio Associates LLC lifted its position in First Defiance Financial by 103.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 25,048 shares of the savings and loans company’s stock worth $1,320,000 after acquiring an additional 12,761 shares during the period. Voya Investment Management LLC lifted its holdings in shares of First Defiance Financial by 10.3% in the 2nd quarter. Voya Investment Management LLC now owns 6,622 shares of the savings and loans company’s stock valued at $349,000 after buying an additional 616 shares during the period. State Street Corp lifted its holdings in shares of First Defiance Financial by 14.2% in the 2nd quarter. State Street Corp now owns 177,102 shares of the savings and loans company’s stock valued at $9,332,000 after buying an additional 22,079 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of First Defiance Financial by 20.9% in the 3rd quarter. Victory Capital Management Inc. now owns 25,500 shares of the savings and loans company’s stock valued at $1,338,000 after buying an additional 4,400 shares during the period. 64.38% of the stock is owned by institutional investors.
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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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