BidaskClub Downgrades First Defiance Financial Corp. (FDEF) to Sell

First Defiance Financial Corp. (NASDAQ:FDEF) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Tuesday, August 1st.

Several other equities analysts have also issued reports on the stock. Sandler O’Neill raised shares of First Defiance Financial Corp. from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a report on Wednesday, July 19th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $51.00 price target on shares of First Defiance Financial Corp. in a report on Wednesday, May 24th. Finally, Zacks Investment Research lowered shares of First Defiance Financial Corp. from a “hold” rating to a “sell” rating in a report on Thursday, July 20th.

First Defiance Financial Corp. (NASDAQ FDEF) opened at 48.07 on Tuesday. The firm’s 50 day moving average price is $51.26 and its 200-day moving average price is $51.44. First Defiance Financial Corp. has a 12-month low of $36.91 and a 12-month high of $56.90. The stock has a market cap of $487.91 million, a P/E ratio of 16.24 and a beta of 0.90.

First Defiance Financial Corp. (NASDAQ:FDEF) last released its quarterly earnings results on Monday, July 17th. The savings and loans company reported $0.82 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by $0.02. First Defiance Financial Corp. had a return on equity of 9.35% and a net margin of 20.85%. The firm had revenue of $34.77 million during the quarter, compared to analysts’ expectations of $33.88 million. Equities research analysts anticipate that First Defiance Financial Corp. will post $3.14 earnings per share for the current fiscal year.

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Large investors have recently made changes to their positions in the stock. Legal & General Group Plc raised its stake in shares of First Defiance Financial Corp. by 1.0% in the first quarter. Legal & General Group Plc now owns 2,400 shares of the savings and loans company’s stock worth $119,000 after buying an additional 23 shares during the period. First Quadrant L P CA raised its stake in shares of First Defiance Financial Corp. by 78.5% in the second quarter. First Quadrant L P CA now owns 2,644 shares of the savings and loans company’s stock worth $139,000 after buying an additional 1,163 shares during the period. American International Group Inc. raised its stake in shares of First Defiance Financial Corp. by 7.0% in the first quarter. American International Group Inc. now owns 5,415 shares of the savings and loans company’s stock worth $268,000 after buying an additional 352 shares during the period. Acadian Asset Management LLC raised its stake in shares of First Defiance Financial Corp. by 3.7% in the second quarter. Acadian Asset Management LLC now owns 5,657 shares of the savings and loans company’s stock worth $298,000 after buying an additional 201 shares during the period. Finally, Karp Capital Management Corp bought a new stake in shares of First Defiance Financial Corp. during the first quarter worth $299,000. 63.18% of the stock is currently owned by hedge funds and other institutional investors.

First Defiance Financial Corp. Company Profile

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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