Keefe, Bruyette & Woods Reiterates Hold Rating for First Defiance Financial (FDEF)

First Defiance Financial (NASDAQ:FDEF)‘s stock had its “hold” rating reiterated by research analysts at Keefe, Bruyette & Woods in a research note issued to investors on Wednesday. They currently have a $51.00 target price on the savings and loans company’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential downside of 1.54% from the company’s current price.

Separately, Zacks Investment Research cut First Defiance Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, February 14th.

First Defiance Financial (NASDAQ:FDEF) opened at 51.80 on Wednesday. The stock has a 50 day moving average price of $53.10 and a 200-day moving average price of $49.59. The stock has a market capitalization of $525.51 million, a P/E ratio of 17.68 and a beta of 0.95. First Defiance Financial has a one year low of $35.90 and a one year high of $56.20.

First Defiance Financial (NASDAQ:FDEF) last announced its quarterly earnings data on Monday, April 17th. The savings and loans company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.07. The business had revenue of $32.19 million for the quarter, compared to analysts’ expectations of $31.79 million. First Defiance Financial had a return on equity of 10.04% and a net margin of 23.67%. Analysts anticipate that First Defiance Financial will post $3.42 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 26th. Shareholders of record on Friday, May 19th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Wednesday, May 17th. First Defiance Financial’s payout ratio is 27.76%.

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In other First Defiance Financial news, insider Gregory R. Allen sold 2,167 shares of the firm’s stock in a transaction dated Monday, May 1st. The stock was 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 SEC, which is accessible through this hyperlink. Company insiders own 3.20% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Legal & General Group Plc raised its position in shares of First Defiance Financial by 1.0% in the first quarter. Legal & General Group Plc now owns 2,400 shares of the savings and loans company’s stock valued at $119,000 after buying an additional 23 shares during the last quarter. American International Group Inc. raised its position in shares of First Defiance Financial by 7.0% in the first quarter. American International Group Inc. now owns 5,415 shares of the savings and loans company’s stock valued at $268,000 after buying an additional 352 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in shares of First Defiance Financial by 1.4% in the first quarter. TIAA CREF Investment Management LLC now owns 31,519 shares of the savings and loans company’s stock valued at $1,561,000 after buying an additional 431 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in shares of First Defiance Financial by 3.8% in the first quarter. Parametric Portfolio Associates LLC now owns 12,287 shares of the savings and loans company’s stock valued at $608,000 after buying an additional 453 shares during the last quarter. Finally, Teachers Advisors LLC raised its position in shares of First Defiance Financial by 3.7% in the fourth quarter. Teachers Advisors LLC now owns 13,688 shares of the savings and loans company’s stock valued at $695,000 after buying an additional 489 shares during the last quarter. 67.55% of the stock is currently owned by institutional investors.

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).

12 Month Chart for NASDAQ:FDEF

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