First Defiance Financial (FDEF) Lifted to “Strong-Buy” at BidaskClub

First Defiance Financial (NASDAQ:FDEF) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Friday.

A number of other analysts have also weighed in on FDEF. Zacks Investment Research lowered First Defiance Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 27th. ValuEngine lowered First Defiance Financial from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Sandler O’Neill restated a “buy” rating and set a $64.00 target price on shares of First Defiance Financial in a report on Tuesday, January 23rd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $60.00 target price on shares of First Defiance Financial in a report on Friday, December 22nd. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. First Defiance Financial currently has a consensus rating of “Buy” and an average price target of $62.00.

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First Defiance Financial stock opened at $57.32 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.32. The firm has a market cap of $583.63, a price-to-earnings ratio of 16.42 and a beta of 0.93. First Defiance Financial has a twelve month low of $47.01 and a twelve month high of $59.85.

First Defiance Financial (NASDAQ:FDEF) last posted its earnings results on Monday, January 22nd. The savings and loans company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.05. The company had revenue of $35.28 million during the quarter, compared to analyst estimates of $35.00 million. First Defiance Financial had a return on equity of 9.59% and a net margin of 21.77%. analysts anticipate that First Defiance Financial will post 4.07 earnings per share for the current fiscal year.

In other news, insider John R. Reisner sold 850 shares of the company’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $58.17, for a total transaction of $49,444.50. Following the transaction, the insider now directly owns 4,729 shares of the company’s stock, valued at $275,085.93. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Gregory R. Allen sold 2,193 shares of the company’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $56.56, for a total value of $124,036.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,393 shares of company stock valued at $193,263. 3.14% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of First Defiance Financial during the fourth quarter worth $119,000. Handelsbanken Fonder AB acquired a new position in shares of First Defiance Financial during the fourth quarter worth $208,000. Highbridge Capital Management LLC acquired a new position in shares of First Defiance Financial during the third quarter worth $226,000. MetLife Investment Advisors LLC acquired a new position in shares of First Defiance Financial during the fourth quarter worth $262,000. Finally, OxFORD Asset Management LLP acquired a new position in shares of First Defiance Financial during the third quarter worth $273,000. 64.38% of the stock is currently owned by institutional investors and hedge funds.

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About First Defiance Financial

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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