First Defiance Financial (FDEF) Stock Rating Upgraded by Zacks Investment Research

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Zacks Investment Research upgraded shares of First Defiance Financial (NASDAQ:FDEF) from a hold rating to a buy rating in a research note published on Wednesday morning. They currently have $31.00 price objective on the savings and loans company’s stock.

According to Zacks, “First Defiance Financial Corp. is a unitary thrift holding company that, through its subsidiaries focuses on traditional banking, mortgage banking, and property and casualty, life and group health insurance products. Their traditional banking activities include originating and servicing residential, commercial, and consumer loans and providing a broad range of depository services. “

Other analysts have also recently issued reports about the company. BidaskClub upgraded First Defiance Financial from a hold rating to a buy rating in a research report on Thursday, August 23rd. ValuEngine upgraded First Defiance Financial from a hold rating to a buy rating in a research report on Thursday, July 5th. Finally, Sandler O’Neill cut First Defiance Financial from a buy rating to a hold rating and set a $35.00 price target for the company. in a research report on Tuesday, July 10th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $32.00.

Shares of FDEF opened at $26.83 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.00 and a quick ratio of 0.99. First Defiance Financial has a one year low of $25.14 and a one year high of $35.00. The company has a market cap of $552.25 million, a P/E ratio of 15.33 and a beta of 0.73.

First Defiance Financial (NASDAQ:FDEF) last issued its quarterly earnings results on Monday, October 15th. The savings and loans company reported $0.55 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.55. First Defiance Financial had a return on equity of 11.51% and a net margin of 27.15%. The firm had revenue of $37.45 million during the quarter, compared to analysts’ expectations of $37.50 million. As a group, equities analysts predict that First Defiance Financial will post 2.23 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 16th. Investors of record on Friday, November 9th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Thursday, November 8th. First Defiance Financial’s payout ratio is 38.86%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Ramsey Quantitative Systems increased its position in shares of First Defiance Financial by 188.2% during the third quarter. Ramsey Quantitative Systems now owns 3,654 shares of the savings and loans company’s stock worth $110,000 after purchasing an additional 2,386 shares in the last quarter. SG Americas Securities LLC acquired a new position in First Defiance Financial during the second quarter worth $140,000. Buckley Wealth Management LLC acquired a new position in First Defiance Financial during the second quarter worth $220,000. Peloton Wealth Strategists acquired a new position in First Defiance Financial during the second quarter worth $220,000. Finally, Private Harbour Investment Management & Counsel LLC acquired a new position in First Defiance Financial during the second quarter worth $230,000. Hedge funds and other institutional investors own 33.23% of the company’s stock.

First Defiance Financial Company Profile

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, and certificates of deposit, as well as Certificate of Deposit Account Registry Service; and consumer finance, 1-4 family residential real estate, commercial real estate, construction, consumer, commercial, and home equity and improvement loans.

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