BidaskClub upgraded shares of First Defiance Financial (NASDAQ:FDEF) from a hold rating to a buy rating in a report published on Saturday.
Other analysts also recently issued research reports about the company. Sandler O’Neill restated a buy rating and issued a $64.00 price target on shares of First Defiance Financial in a research note on Tuesday, January 23rd. Zacks Investment Research upgraded First Defiance Financial from a hold rating to a buy rating and set a $60.00 price target on the stock in a research note on Friday, December 29th. ValuEngine downgraded First Defiance Financial from a buy rating to a hold rating in a research note on Friday, February 2nd. Finally, Keefe, Bruyette & Woods restated a hold rating and issued a $60.00 price target on shares of First Defiance Financial in a research note on Friday, December 22nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. First Defiance Financial has an average rating of Buy and an average target price of $61.33.
First Defiance Financial (NASDAQ FDEF) traded up $1.19 during trading on Friday, hitting $57.65. The company had a trading volume of 25,323 shares, compared to its average volume of 29,060. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market cap of $586.99, a P/E ratio of 16.52 and a beta of 0.93. First Defiance Financial has a 52 week low of $46.71 and a 52 week high of $58.06.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Tuesday, February 6th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.08%. This is an increase from First Defiance Financial’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, February 5th. First Defiance Financial’s dividend payout ratio (DPR) is currently 37.50%.
In other First Defiance Financial news, Director Mark Andrew Robison bought 1,071 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were acquired at an average cost of $55.70 per share, for a total transaction of $59,654.70. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.40% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Voya Investment Management LLC boosted its stake in First Defiance Financial by 10.3% during 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 purchasing an additional 616 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of First Defiance Financial by 5.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 19,822 shares of the savings and loans company’s stock valued at $1,031,000 after buying an additional 1,040 shares during the period. Allianz Asset Management GmbH lifted its holdings in shares of First Defiance Financial by 2.6% during the 4th quarter. Allianz Asset Management GmbH now owns 54,347 shares of the savings and loans company’s stock valued at $2,824,000 after buying an additional 1,372 shares during the period. Bank of Montreal Can lifted its holdings in shares of First Defiance Financial by 9.0% during the 4th quarter. Bank of Montreal Can now owns 18,723 shares of the savings and loans company’s stock valued at $973,000 after buying an additional 1,540 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in shares of First Defiance Financial by 3.0% during the 3rd quarter. Nordea Investment Management AB now owns 54,500 shares of the savings and loans company’s stock valued at $2,861,000 after buying an additional 1,600 shares during the period. Institutional investors and hedge funds own 64.57% of the company’s stock.
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About First Defiance Financial
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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