Stephen L. Boomer Sells 755 Shares of First Defiance Financial (FDEF) Stock
First Defiance Financial (NASDAQ:FDEF) Director Stephen L. Boomer sold 755 shares of the business’s stock in a transaction on Friday, December 1st. The shares were 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 directly owns 12,809 shares of the company’s stock, valued at approximately $681,694.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of First Defiance Financial (FDEF) opened at $54.25 on Wednesday. The company has a market cap of $554.41, a price-to-earnings ratio of 16.25 and a beta of 0.92. First Defiance Financial has a 52-week low of $46.27 and a 52-week 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 posted its quarterly earnings data on Monday, October 16th. The savings and loans company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.87 by $0.05. The business had revenue of $34.50 million for the quarter, compared to analysts’ expectations of $34.85 million. First Defiance Financial had a net margin of 21.47% and a return on equity of 9.51%. equities analysts predict that First Defiance Financial will post 3.45 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Friday, November 10th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $1.00 annualized dividend and a yield of 1.84%. First Defiance Financial’s dividend payout ratio is currently 32.36%.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc lifted its position in First Defiance Financial by 1.0% during the 1st quarter. Legal & General Group Plc now owns 2,400 shares of the savings and loans company’s stock worth $119,000 after buying an additional 23 shares in the last quarter. Highbridge Capital Management LLC bought a new stake in First Defiance Financial during the 3rd quarter worth about $226,000. OxFORD Asset Management LLP bought a new stake in First Defiance Financial during the 3rd quarter worth about $273,000. Acadian Asset Management LLC lifted its position in First Defiance Financial by 3.7% during the 2nd quarter. Acadian Asset Management LLC now owns 5,657 shares of the savings and loans company’s stock worth $298,000 after buying an additional 201 shares in the last quarter. Finally, Macquarie Group Ltd. bought a new stake in First Defiance Financial during the 3rd quarter worth about $301,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on FDEF shares. ValuEngine lowered shares of First Defiance Financial from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of First Defiance Financial from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research report on Wednesday, October 18th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $54.00 price objective on shares of First Defiance Financial in a research report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. First Defiance Financial currently has an average rating of “Hold” and a consensus target price of $57.67.
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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