BidaskClub downgraded shares of First Defiance Financial (NASDAQ:FDEF) from a hold rating to a sell rating in a research report report published on Friday, January 5th.

Several other brokerages have also recently weighed in on FDEF. ValuEngine raised First Defiance Financial from a hold rating to a buy rating in a research note on Monday, October 2nd. Zacks Investment Research raised First Defiance Financial from a hold rating to a buy rating and set a $60.00 target price on the stock in a research note on Friday, December 29th. Finally, Keefe, Bruyette & Woods reissued a hold rating and issued a $54.00 target price on shares of First Defiance Financial in a research note on Thursday, October 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $61.33.

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Shares of First Defiance Financial (NASDAQ:FDEF) opened at $55.32 on Friday. The firm has a market capitalization of $566.46, a price-to-earnings ratio of 17.39 and a beta of 0.93. First Defiance Financial has a 12 month low of $46.71 and a 12 month high of $56.91. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.40.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Tuesday, February 6th will be issued a dividend of $0.30 per share. This is an increase from First Defiance Financial’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Monday, February 5th. First Defiance Financial’s dividend payout ratio is presently 31.25%.

In other First Defiance Financial news, Director Samuel S. Strausbaugh sold 3,319 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $53.85, for a total value of $178,728.15. Following the transaction, the director now owns 8,856 shares of the company’s stock, valued at $476,895.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephen L. Boomer sold 755 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $53.22, for a total value of $40,181.10. Following the completion of the transaction, the director now directly owns 12,809 shares in the company, valued at approximately $681,694.98. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,074 shares of company stock worth $496,139. Corporate insiders own 3.40% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its position in shares of First Defiance Financial by 0.9% during the third quarter. Dimensional Fund Advisors LP now owns 787,837 shares of the savings and loans company’s stock worth $41,354,000 after purchasing an additional 7,303 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of First Defiance Financial by 2.7% during the second quarter. The Manufacturers Life Insurance Company now owns 425,337 shares of the savings and loans company’s stock worth $22,406,000 after purchasing an additional 11,000 shares in the last quarter. Vanguard Group Inc. grew its position in shares of First Defiance Financial by 14.4% during the second quarter. Vanguard Group Inc. now owns 403,802 shares of the savings and loans company’s stock worth $21,272,000 after purchasing an additional 50,760 shares in the last quarter. LSV Asset Management grew its holdings in First Defiance Financial by 6.9% during the 2nd quarter. LSV Asset Management now owns 239,647 shares of the savings and loans company’s stock valued at $12,624,000 after buying an additional 15,566 shares in the last quarter. Finally, State Street Corp grew its holdings in First Defiance Financial by 14.2% during the 2nd quarter. State Street Corp now owns 177,102 shares of the savings and loans company’s stock valued at $9,332,000 after buying an additional 22,079 shares in the last quarter. Hedge funds and other institutional investors own 64.12% 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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