Analysts Set $30.50 Price Target for First Defiance Financial (NASDAQ:FDEF)

Shares of First Defiance Financial (NASDAQ:FDEF) have been given an average broker rating score of 2.25 (Buy) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. First Defiance Financial’s rating score has improved by 15.7% in the last 90 days as a result of various analysts’ upgrades and downgrades.

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Brokers have set a 1-year consensus price target of $30.50 for the company and are forecasting that the company will post $0.63 EPS for the current quarter, according to Zacks. Zacks has also given First Defiance Financial an industry rank of 56 out of 255 based on the ratings given to related companies.

Several research analysts have commented on FDEF shares. BidaskClub raised shares of First Defiance Financial from a “sell” rating to a “hold” rating in a research note on Saturday, October 19th. Zacks Investment Research raised shares of First Defiance Financial from a “sell” rating to a “hold” rating and set a $36.00 price objective for the company in a research note on Tuesday, October 29th. Finally, Sandler O’Neill raised shares of First Defiance Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th.

NASDAQ FDEF traded down $0.13 on Tuesday, reaching $31.27. 41,700 shares of the stock were exchanged, compared to its average volume of 58,203. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.35. The company’s 50-day simple moving average is $29.52 and its two-hundred day simple moving average is $28.34. The firm has a market capitalization of $620.25 million, a PE ratio of 14.02 and a beta of 0.98. First Defiance Financial has a one year low of $22.78 and a one year high of $31.83.

First Defiance Financial (NASDAQ:FDEF) last posted its quarterly earnings data on Monday, October 21st. The savings and loans company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.60 by $0.08. The company had revenue of $40.73 million during the quarter, compared to analyst estimates of $40.15 million. First Defiance Financial had a net margin of 27.21% and a return on equity of 12.16%. Sell-side analysts forecast that First Defiance Financial will post 2.45 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 15th will be paid a dividend of $0.22 per share. This is a positive change from First Defiance Financial’s previous quarterly dividend of $0.19. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Thursday, November 14th. First Defiance Financial’s payout ratio is currently 34.08%.

In other news, CEO Donald P. Hileman sold 1,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $26.72, for a total transaction of $26,720.00. Following the completion of the sale, the chief executive officer now directly owns 71,940 shares of the company’s stock, valued at $1,922,236.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.36% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of FDEF. FMR LLC boosted its stake in shares of First Defiance Financial by 347.5% during the first quarter. FMR LLC now owns 1,544 shares of the savings and loans company’s stock valued at $44,000 after purchasing an additional 1,199 shares during the period. Meeder Asset Management Inc. boosted its stake in shares of First Defiance Financial by 123.1% during the second quarter. Meeder Asset Management Inc. now owns 1,709 shares of the savings and loans company’s stock valued at $49,000 after purchasing an additional 943 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of First Defiance Financial by 121.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,161 shares of the savings and loans company’s stock valued at $63,000 after purchasing an additional 1,187 shares during the period. Macquarie Group Ltd. purchased a new stake in shares of First Defiance Financial during the second quarter valued at $140,000. Finally, First Quadrant L P CA boosted its stake in shares of First Defiance Financial by 71.5% during the second quarter. First Quadrant L P CA now owns 5,080 shares of the savings and loans company’s stock valued at $145,000 after purchasing an additional 2,118 shares during the period. 63.96% of the stock is owned by hedge funds and other institutional investors.

About First Defiance Financial

First Defiance Financial Corp. operates as a unitary thrift holding company that provides community-based financial services in northwest Ohio, northeast Indiana, and southeastern Michigan. It offers checking accounts, money market accounts, savings accounts, term certificate accounts, demand deposits, and certificates of deposits, as well as certificate of deposit account registry service; and commercial real estate, commercial, consumer finance, 1-4 family residential real estate, construction, and home equity and improvement loans.

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