Zacks: First Defiance Financial (FDEF) Given $31.00 Consensus Target Price by Analysts

Shares of First Defiance Financial (NASDAQ:FDEF) have earned an average broker rating score of 2.67 (Hold) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company.

Brokerages have set a 12 month consensus price target of $31.00 for the company and are forecasting that the company will post $0.55 EPS for the current quarter, according to Zacks. Zacks has also given First Defiance Financial an industry rank of 185 out of 255 based on the ratings given to its competitors.

Several equities research analysts have weighed in on the stock. BidaskClub raised shares of First Defiance Financial from a “hold” rating to a “buy” rating in a research note on Friday, February 22nd. ValuEngine downgraded shares of First Defiance Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, March 19th. Zacks Investment Research raised shares of First Defiance Financial from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Friday. Finally, Keefe, Bruyette & Woods raised shares of First Defiance Financial from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $32.00 to $33.00 in a research note on Monday, December 17th.

FDEF traded up $0.21 during midday trading on Tuesday, hitting $29.35. The company had a trading volume of 21,292 shares, compared to its average volume of 42,176. First Defiance Financial has a 52 week low of $22.78 and a 52 week high of $35.00. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.30. The company has a market cap of $586.45 million, a P/E ratio of 13.16 and a beta of 0.99.

First Defiance Financial (NASDAQ:FDEF) last posted its quarterly earnings results on Monday, January 21st. The savings and loans company reported $0.56 earnings per share for the quarter, meeting the consensus estimate of $0.56. First Defiance Financial had a net margin of 28.21% and a return on equity of 11.70%. The firm had revenue of $36.86 million during the quarter, compared to the consensus estimate of $37.40 million. On average, research analysts forecast that First Defiance Financial will post 2.34 EPS for the current fiscal year.

In related news, CEO Donald P. Hileman sold 1,000 shares of the business’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $29.35, for a total transaction of $29,350.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Mark Andrew Robison purchased 887 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were purchased at an average price of $30.04 per share, for a total transaction of $26,645.48. The disclosure for this purchase can be found here. Insiders own 2.36% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in FDEF. Geode Capital Management LLC boosted its stake in First Defiance Financial by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 243,882 shares of the savings and loans company’s stock valued at $5,977,000 after acquiring an additional 11,349 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in First Defiance Financial in the fourth quarter valued at about $340,000. Millennium Management LLC boosted its stake in First Defiance Financial by 75.3% in the fourth quarter. Millennium Management LLC now owns 60,500 shares of the savings and loans company’s stock valued at $1,483,000 after acquiring an additional 25,982 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in First Defiance Financial by 0.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 255,189 shares of the savings and loans company’s stock valued at $6,255,000 after acquiring an additional 999 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its stake in First Defiance Financial by 298.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,118 shares of the savings and loans company’s stock valued at $174,000 after acquiring an additional 5,330 shares during the last quarter. Institutional investors and hedge funds own 64.40% 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, demand deposits, and certificates of deposits, as well as certificate of deposit account registry service; and commercial real estate, commercial, consumer finance, 1-4 family residential real estate, construction, and home equity and improvement loans.

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