Zacks: First Defiance Financial (NASDAQ:FDEF) Given $31.75 Average Price Target by Analysts

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Shares of First Defiance Financial (NASDAQ:FDEF) have earned a consensus broker rating score of 2.67 (Hold) from the three brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating and one has given a buy rating to the company.

Brokerages have set a 1 year consensus price objective of $31.75 for the company and are expecting that the company will post $0.58 earnings per share for the current quarter, according to Zacks. Zacks has also given First Defiance Financial an industry rank of 160 out of 256 based on the ratings given to related companies.

A number of research firms have weighed in on FDEF. BidaskClub downgraded Weyco Group from a “sell” rating to a “strong sell” rating in a research report on Saturday. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, Zacks Investment Research raised General Moly from a “sell” rating to a “hold” rating in a research report on Thursday.

In other First Defiance Financial news, insider John R. Reisner sold 1,700 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $27.03, for a total transaction of $45,951.00. Following the completion of the transaction, the insider now owns 365 shares of the company’s stock, valued at approximately $9,865.95. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Donald P. Hileman sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $29.08, for a total value of $29,080.00. Following the transaction, the insider now directly owns 72,960 shares of the company’s stock, valued at approximately $2,121,676.80. The disclosure for this sale can be found here. Corporate insiders own 2.36% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of First Defiance Financial during the 1st quarter worth approximately $28,000. FMR LLC raised its stake in shares of First Defiance Financial by 347.5% during the 1st quarter. FMR LLC now owns 1,544 shares of the savings and loans company’s stock worth $44,000 after purchasing an additional 1,199 shares in the last quarter. Creative Financial Designs Inc. ADV bought a new stake in shares of First Defiance Financial during the 1st quarter worth approximately $95,000. BNP Paribas Arbitrage SA raised its stake in shares of First Defiance Financial by 384.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,175 shares of the savings and loans company’s stock worth $120,000 after purchasing an additional 3,313 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of First Defiance Financial during the 1st quarter worth approximately $142,000. Institutional investors own 63.94% of the company’s stock.

Shares of FDEF traded up $0.28 on Monday, hitting $27.83. The company’s stock had a trading volume of 53,246 shares, compared to its average volume of 60,069. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.23. The business has a fifty day moving average of $27.75. First Defiance Financial has a fifty-two week low of $22.78 and a fifty-two week high of $35.00. The stock has a market capitalization of $543.28 million, a price-to-earnings ratio of 12.48 and a beta of 0.98.

First Defiance Financial (NASDAQ:FDEF) last issued its quarterly earnings data on Monday, April 22nd. The savings and loans company reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.02. First Defiance Financial had a return on equity of 11.51% and a net margin of 27.21%. The business had revenue of $39.08 million during the quarter, compared to analyst estimates of $36.40 million. Sell-side analysts expect that First Defiance Financial will post 2.36 EPS for the current year.

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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