First Defiance Financial (NASDAQ:FDEF) – Equities research analysts at FIG Partners increased their Q3 2019 earnings estimates for First Defiance Financial in a report released on Tuesday, January 22nd. FIG Partners analyst C. Marinac now expects that the savings and loans company will post earnings per share of $0.61 for the quarter, up from their previous forecast of $0.60. FIG Partners also issued estimates for First Defiance Financial’s Q4 2019 earnings at $0.62 EPS, FY2019 earnings at $2.34 EPS, Q2 2020 earnings at $0.61 EPS, Q3 2020 earnings at $0.64 EPS, Q4 2020 earnings at $0.65 EPS and FY2020 earnings at $2.48 EPS.
Several other equities research analysts also recently issued reports on FDEF. Zacks Investment Research downgraded shares of First Defiance Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, December 18th. BidaskClub raised First Defiance Financial from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 18th. ValuEngine raised First Defiance Financial from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 2nd. Finally, Keefe, Bruyette & Woods raised First Defiance Financial from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $32.00 to $33.00 in a research report on Monday, December 17th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $33.33.
Shares of First Defiance Financial stock opened at $28.41 on Wednesday. The firm has a market capitalization of $552.08 million, a PE ratio of 12.74 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.00 and a current ratio of 1.01. First Defiance Financial has a 1 year low of $22.78 and a 1 year high of $35.00.
First Defiance Financial (NASDAQ:FDEF) last announced its quarterly earnings data on Monday, January 21st. The savings and loans company reported $0.56 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.56. The business had revenue of $36.86 million for the quarter, compared to the consensus estimate of $37.40 million. First Defiance Financial had a net margin of 28.21% and a return on equity of 11.80%.
Hedge funds have recently modified their holdings of the stock. Legal & General Group Plc lifted its position in First Defiance Financial by 100.0% in the third quarter. Legal & General Group Plc now owns 3,312 shares of the savings and loans company’s stock worth $100,000 after purchasing an additional 1,656 shares during the period. IFP Advisors Inc bought a new position in First Defiance Financial in the fourth quarter worth $104,000. Ramsey Quantitative Systems lifted its position in First Defiance Financial by 188.2% in the third quarter. Ramsey Quantitative Systems now owns 3,654 shares of the savings and loans company’s stock worth $110,000 after purchasing an additional 2,386 shares during the period. SG Americas Securities LLC bought a new position in First Defiance Financial in the second quarter worth $140,000. Finally, Robeco Institutional Asset Management B.V. bought a new position in First Defiance Financial in the third quarter worth $153,000. 64.90% of the stock is owned by hedge funds and other institutional investors.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 22nd. Investors of record on Friday, February 15th will be given a $0.19 dividend. This is a boost from First Defiance Financial’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 2.68%. The ex-dividend date is Thursday, February 14th. First Defiance Financial’s dividend payout ratio (DPR) is 30.49%.
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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