Analysts Expect First Defiance Financial (FDEF) to Post $0.89 EPS
Shares of First Defiance Financial (NASDAQ:FDEF) have earned an average broker rating score of 2.33 (Buy) from the three brokers that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Analysts have set a 12 month consensus target price of $57.50 for the company and are anticipating that the company will post $0.89 earnings per share for the current quarter, according to Zacks. Zacks has also assigned First Defiance Financial an industry rank of 97 out of 265 based on the ratings given to related companies.
A number of brokerages recently weighed in on FDEF. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $54.00 price objective on shares of First Defiance Financial in a research report on Thursday, October 19th. Zacks Investment Research raised shares of First Defiance Financial from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Wednesday, October 18th. Finally, ValuEngine raised shares of First Defiance Financial from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd.
In other First Defiance Financial news, Director Robert E. Beach sold 4,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $55.67, for a total value of $222,680.00. Following the completion of the transaction, the director now owns 49,692 shares in the company, valued at approximately $2,766,353.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Stephen L. Boomer sold 755 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $53.22, for a total transaction of $40,181.10. Following the completion of the transaction, the director now owns 12,809 shares of the company’s stock, valued at approximately $681,694.98. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,074 shares of company stock valued at $496,139. Insiders own 3.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GSA Capital Partners LLP grew its position in First Defiance Financial by 14.9% in the 3rd quarter. GSA Capital Partners LLP now owns 19,691 shares of the savings and loans company’s stock worth $1,034,000 after purchasing an additional 2,557 shares during the last quarter. Highbridge Capital Management LLC bought a new position in First Defiance Financial in the 3rd quarter worth about $226,000. Maltese Capital Management LLC grew its position in First Defiance Financial by 96.8% in the 3rd quarter. Maltese Capital Management LLC now owns 86,200 shares of the savings and loans company’s stock worth $4,525,000 after purchasing an additional 42,400 shares during the last quarter. OxFORD Asset Management LLP bought a new position in First Defiance Financial in the 3rd quarter worth about $273,000. Finally, Dimensional Fund Advisors LP grew its position in First Defiance Financial by 0.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 787,837 shares of the savings and loans company’s stock worth $41,354,000 after purchasing an additional 7,303 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.
Shares of First Defiance Financial (FDEF) opened at $52.87 on Friday. The firm has a market cap of $536.94, a PE ratio of 16.04 and a beta of 0.92. First Defiance Financial has a 1 year low of $46.27 and a 1 year high of $56.91. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.01 and a quick ratio of 1.00.
First Defiance Financial (NASDAQ:FDEF) last released its earnings results on Monday, October 16th. The savings and loans company reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.05. The company had revenue of $34.50 million during the quarter, compared to the consensus estimate of $34.85 million. First Defiance Financial had a net margin of 21.47% and a return on equity of 9.51%. equities research analysts forecast that First Defiance Financial will post 3.45 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Friday, November 10th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Thursday, November 9th. First Defiance Financial’s dividend payout ratio is presently 32.36%.
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).
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