Zacks Investment Research upgraded shares of First Defiance Financial (NASDAQ:FDEF) from a hold rating to a buy rating in a research report report published on Wednesday morning. They currently have $31.00 target price 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 equities research analysts also recently issued research reports about the company. Sandler O’Neill downgraded First Defiance Financial from a buy rating to a hold rating and set a $35.00 target price for the company. in a report on Tuesday, July 10th. BidaskClub downgraded First Defiance Financial from a buy rating to a hold rating in a report on Wednesday, August 29th. Finally, ValuEngine raised First Defiance Financial from a hold rating to a buy rating in a report on Thursday, July 5th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $32.00.

First Defiance Financial stock 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 52 week low of $25.14 and a 52 week high of $35.00. The stock 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 released its earnings results on Monday, October 15th. The savings and loans company reported $0.55 EPS for the quarter, hitting the Zacks’ 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 the consensus estimate of $37.50 million. On average, equities analysts anticipate that First Defiance Financial will post 2.23 EPS for the current fiscal year.

The business 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 yield of 2.53%. The ex-dividend date of this dividend is Thursday, November 8th. First Defiance Financial’s dividend payout ratio is currently 38.86%.

A number of hedge funds have recently made changes to their positions in the stock. Northern Trust Corp raised its position in First Defiance Financial by 0.6% during the first quarter. Northern Trust Corp now owns 165,728 shares of the savings and loans company’s stock valued at $9,500,000 after acquiring an additional 924 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in First Defiance Financial by 8.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 21,522 shares of the savings and loans company’s stock valued at $1,444,000 after acquiring an additional 1,700 shares in the last quarter. California Public Employees Retirement System raised its position in First Defiance Financial by 5.4% during the first quarter. California Public Employees Retirement System now owns 37,251 shares of the savings and loans company’s stock valued at $2,135,000 after acquiring an additional 1,899 shares in the last quarter. SG Americas Securities LLC purchased a new position in First Defiance Financial during the second quarter valued at approximately $140,000. Finally, Ramsey Quantitative Systems raised its position in 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 valued at $110,000 after acquiring an additional 2,386 shares in the last quarter. 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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