Zacks Investment Research cut shares of First Defiance Financial Corp. (NASDAQ:FDEF) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning.

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. “

Separately, Keefe, Bruyette & Woods lifted their price target on First Defiance Financial Corp. from $40.00 to $45.00 and gave the stock a market perform rating in a research note on Monday, August 29th.

First Defiance Financial Corp. (NASDAQ:FDEF) opened at 44.69 on Tuesday. First Defiance Financial Corp. has a 52-week low of $34.80 and a 52-week high of $46.83. The company has a market capitalization of $401.14 million, a P/E ratio of 14.81 and a beta of 0.77. The firm has a 50-day moving average price of $44.30 and a 200 day moving average price of $40.70.

First Defiance Financial Corp. (NASDAQ:FDEF) last issued its quarterly earnings results on Monday, July 18th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.10. First Defiance Financial Corp. had a return on equity of 9.80% and a net margin of 23.67%. On average, analysts predict that First Defiance Financial Corp. will post $3.14 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, August 19th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend was Wednesday, August 17th. First Defiance Financial Corp.’s dividend payout ratio (DPR) is presently 29.24%.

In other news, insider Gregory R. Allen sold 1,000 shares of the business’s stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $43.03, for a total value of $43,030.00. Following the completion of the sale, the insider now owns 16,092 shares of the company’s stock, valued at approximately $692,438.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 3.20% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its stake in First Defiance Financial Corp. by 13.3% in the first quarter. Envestnet Asset Management Inc. now owns 2,802 shares of the company’s stock worth $108,000 after buying an additional 330 shares during the period. Acadian Asset Management LLC raised its stake in First Defiance Financial Corp. by 1,228.1% in the second quarter. Acadian Asset Management LLC now owns 3,028 shares of the company’s stock worth $118,000 after buying an additional 2,800 shares during the period. US Bancorp DE raised its stake in First Defiance Financial Corp. by 1.9% in the second quarter. US Bancorp DE now owns 3,893 shares of the company’s stock worth $152,000 after buying an additional 73 shares during the period. Smith Asset Management Group LP raised its stake in First Defiance Financial Corp. by 69.0% in the second quarter. Smith Asset Management Group LP now owns 8,324 shares of the company’s stock worth $323,000 after buying an additional 3,400 shares during the period. Finally, Sigma Planning Corp bought a new stake in First Defiance Financial Corp. during the second quarter worth $433,000. 64.05% of the stock is owned by institutional investors.

First Defiance Financial Corp. Company Profile

First Defiance Financial Corp. (First Defiance) 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 Federal is a federally chartered stock savings bank.

5 Day Chart for NASDAQ:FDEF

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