First Defiance Financial (FDEF) Plans Dividend Increase – $0.19 Per Share

First Defiance Financial (NASDAQ:FDEF) announced a quarterly dividend on Monday, January 21st, Zacks reports. Shareholders of record on Friday, February 15th will be given a dividend of 0.19 per share by the savings and loans company on Friday, February 22nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Thursday, February 14th. This is a positive change from First Defiance Financial’s previous quarterly dividend of $0.17.

First Defiance Financial has raised its dividend by an average of 18.2% per year over the last three years and has raised its dividend every year for the last 6 years. First Defiance Financial has a payout ratio of 34.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect First Defiance Financial to earn $2.46 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 30.9%.

Shares of NASDAQ FDEF traded up $0.24 during trading on Friday, reaching $29.39. The company had a trading volume of 60,180 shares, compared to its average volume of 57,300. First Defiance Financial has a 12 month low of $22.78 and a 12 month high of $35.00. The firm has a market capitalization of $594.72 million, a PE ratio of 13.18 and a beta of 1.00. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.35.

First Defiance Financial (NASDAQ:FDEF) last released its quarterly earnings results on Monday, January 21st. The savings and loans company reported $0.56 EPS for the quarter, meeting analysts’ consensus estimates of $0.56. First Defiance Financial had a return on equity of 11.80% and a net margin of 28.21%. The firm had revenue of $36.86 million for the quarter, compared to analyst estimates of $37.40 million. As a group, analysts forecast that First Defiance Financial will post 2.32 earnings per share for the current fiscal year.

A number of equities research analysts have commented on the company. ValuEngine upgraded First Defiance Financial from a “sell” rating to a “hold” rating in a research report on Thursday. BidaskClub upgraded First Defiance Financial from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. Zacks Investment Research upgraded First Defiance Financial from a “hold” rating to a “strong-buy” rating and set a $32.00 price target on the stock in a research report on Thursday, January 24th. Finally, Keefe, Bruyette & Woods upgraded First Defiance Financial from a “market perform” rating to an “outperform” rating and upped their price target for the company from $32.00 to $33.00 in a research report on Monday, December 17th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $33.33.

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About First Defiance Financial

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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Dividend History for First Defiance Financial (NASDAQ:FDEF)

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