First Defiance Financial (NASDAQ:FDEF) Upgraded at ValuEngine

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ValuEngine upgraded shares of First Defiance Financial (NASDAQ:FDEF) from a strong sell rating to a sell rating in a report released on Wednesday, January 2nd.

FDEF has been the subject of a number of other reports. BidaskClub cut First Defiance Financial from a sell rating to a strong sell rating in a research note on Thursday, September 27th. Zacks Investment Research cut First Defiance Financial from a buy rating to a hold rating in a research note on Tuesday, December 18th. Finally, Keefe, Bruyette & Woods upgraded First Defiance Financial from a market perform rating to an outperform rating and raised their price objective for the stock from $32.00 to $33.00 in a research note on Monday, December 17th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $33.00.

Shares of FDEF stock opened at $26.48 on Wednesday. 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. The stock has a market cap of $536.77 million, a P/E ratio of 15.13 and a beta of 0.91.

First Defiance Financial (NASDAQ:FDEF) last released its quarterly earnings results on Monday, October 15th. The savings and loans company reported $0.55 EPS for the quarter, meeting analysts’ consensus estimates of $0.55. First Defiance Financial had a return on equity of 11.40% and a net margin of 27.15%. The company had revenue of $37.45 million during the quarter, compared to analysts’ expectations of $37.50 million. On average, equities analysts anticipate that First Defiance Financial will post 2.23 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in First Defiance Financial during the second quarter worth about $140,000. Peloton Wealth Strategists acquired a new stake in First Defiance Financial during the second quarter worth about $220,000. Legal & General Group Plc grew its holdings 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 valued at $100,000 after purchasing an additional 1,656 shares during the period. Ramsey Quantitative Systems grew its holdings 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 valued at $110,000 after purchasing an additional 2,386 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in First Defiance Financial in the second quarter valued at approximately $324,000. 64.90% of the stock is currently owned by hedge funds and other institutional investors.

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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