First Defiance Financial (NASDAQ:FDEF) – Research analysts at FIG Partners lifted their FY2018 earnings per share estimates for shares of First Defiance Financial in a note issued to investors on Wednesday, Zacks Investment Research reports. FIG Partners analyst C. Marinac now forecasts that the savings and loans company will post earnings per share of $3.76 for the year, up from their prior estimate of $3.63.
FDEF has been the subject of a number of other research reports. Zacks Investment Research downgraded First Defiance Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $60.00 price target on shares of First Defiance Financial in a research report on Friday, December 22nd. ValuEngine upgraded First Defiance Financial from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, BidaskClub downgraded First Defiance Financial from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $59.33.
First Defiance Financial (FDEF) opened at $53.79 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $546.29, a PE ratio of 17.41 and a beta of 0.93. First Defiance Financial has a twelve month low of $46.27 and a twelve month high of $56.91.
First Defiance Financial (NASDAQ:FDEF) last posted its earnings results on Monday, October 16th. The savings and loans company reported $0.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.05. The business had revenue of $34.50 million during the quarter, compared to analyst estimates of $34.85 million. First Defiance Financial had a return on equity of 9.51% and a net margin of 21.47%.
In related news, Director Stephen L. Boomer sold 755 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $53.22, for a total value of $40,181.10. Following the completion of the sale, the director now owns 12,809 shares in the company, valued at approximately $681,694.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gregory R. Allen sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $54.55, for a total value of $54,550.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,074 shares of company stock valued at $496,139. Corporate insiders own 3.40% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Summit Global Investments lifted its position in First Defiance Financial by 2.2% in the 2nd quarter. Summit Global Investments now owns 9,200 shares of the savings and loans company’s stock worth $485,000 after buying an additional 200 shares during the last quarter. Aperio Group LLC lifted its position in First Defiance Financial by 4.9% in the 2nd quarter. Aperio Group LLC now owns 6,328 shares of the savings and loans company’s stock worth $333,000 after buying an additional 294 shares during the last quarter. Symphony Asset Management LLC lifted its position in First Defiance Financial by 3.9% in the 2nd quarter. Symphony Asset Management LLC now owns 10,665 shares of the savings and loans company’s stock worth $562,000 after buying an additional 400 shares during the last quarter. Nordea Investment Management AB lifted its position in First Defiance Financial by 1.0% in the 2nd quarter. Nordea Investment Management AB now owns 52,900 shares of the savings and loans company’s stock worth $2,787,000 after buying an additional 500 shares during the last quarter. Finally, Teachers Advisors LLC lifted its position in First Defiance Financial by 3.7% in the 1st quarter. Teachers Advisors LLC now owns 14,191 shares of the savings and loans company’s stock worth $703,000 after buying an additional 503 shares during the last quarter. Institutional investors own 64.14% of the company’s stock.
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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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