First Defiance Financial (NASDAQ:FDEF) has earned a consensus broker rating score of 2.67 (Hold) from the three brokers that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company.
Brokers have set a 12 month consensus target price of $31.75 for the company and are predicting that the company will post $0.58 EPS 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.
Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded General Moly from a “sell” rating to a “hold” rating in a report on Thursday. BidaskClub lowered Weyco Group from a “sell” rating to a “strong sell” rating in a research report on Saturday. Finally, ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd.
In related news, insider John R. Reisner sold 1,700 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $27.03, for a total value of $45,951.00. Following the completion of the sale, the insider now directly owns 365 shares in the company, valued at approximately $9,865.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Donald P. Hileman sold 1,000 shares of First Defiance Financial stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $29.08, for a total value of $29,080.00. Following the completion of the transaction, the insider now directly owns 72,960 shares of the company’s stock, valued at $2,121,676.80. The disclosure for this sale can be found here. Insiders own 2.36% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in shares of First Defiance Financial by 9.4% in the first quarter. JPMorgan Chase & Co. now owns 256,574 shares of the savings and loans company’s stock worth $7,375,000 after acquiring an additional 22,125 shares during the period. Bessemer Group Inc. raised its position in shares of First Defiance Financial by 52.1% in the fourth quarter. Bessemer Group Inc. now owns 43,200 shares of the savings and loans company’s stock worth $1,059,000 after buying an additional 14,800 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of First Defiance Financial by 1.3% in the fourth quarter. Bank of New York Mellon Corp now owns 128,960 shares of the savings and loans company’s stock worth $3,161,000 after buying an additional 1,619 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of First Defiance Financial by 20.3% in the fourth quarter. Acadian Asset Management LLC now owns 13,024 shares of the savings and loans company’s stock worth $320,000 after buying an additional 2,196 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in shares of First Defiance Financial by 43.4% in the fourth quarter. New York State Common Retirement Fund now owns 34,998 shares of the savings and loans company’s stock worth $858,000 after buying an additional 10,598 shares in the last quarter. 63.97% of the stock is owned by institutional investors.
First Defiance Financial stock traded down $0.39 during trading hours on Monday, reaching $27.44. 1,609 shares of the company were exchanged, compared to its average volume of 60,327. The firm has a market capitalization of $548.81 million, a price-to-earnings ratio of 12.33 and a beta of 0.98. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average price of $27.75. First Defiance Financial has a 12 month low of $22.78 and a 12 month high of $35.00.
First Defiance Financial (NASDAQ:FDEF) last released its quarterly earnings data on Monday, April 22nd. The savings and loans company reported $0.57 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $39.08 million during the quarter, compared to analyst estimates of $36.40 million. Equities research analysts forecast that First Defiance Financial will post 2.36 earnings per share for the current fiscal 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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