First Defiance Financial Corp. (NASDAQ:FDEF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

According to Zacks, “First Defiance Financial Corp. is a unitary thrift holding company that, through its subsidiaries focuses on traditional banking, mortgage banking, and property and casualty, life and group health insurance products. Their traditional banking activities include originating and servicing residential, commercial, and consumer loans and providing a broad range of depository services. “

Separately, Keefe, Bruyette & Woods boosted their target price on First Defiance Financial Corp. from $40.00 to $45.00 and gave the stock a “market perform” rating in a research report on Monday, August 29th.

First Defiance Financial Corp. (NASDAQ:FDEF) opened at 44.91 on Tuesday. The company has a market cap of $403.11 million, a price-to-earnings ratio of 14.88 and a beta of 0.77. First Defiance Financial Corp. has a 12 month low of $34.80 and a 12 month high of $46.83. The company’s 50-day moving average is $44.39 and its 200 day moving average is $40.73.

First Defiance Financial Corp. (NASDAQ:FDEF) last posted its earnings results on Monday, July 18th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.10. First Defiance Financial Corp. had a return on equity of 9.80% and a net margin of 23.67%. Equities analysts forecast that First Defiance Financial Corp. will post $3.14 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, August 19th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $0.88 annualized dividend and a dividend yield of 1.96%. First Defiance Financial Corp.’s payout ratio is currently 29.24%.

In related news, insider Gregory R. Allen sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $43.03, for a total value of $43,030.00. Following the completion of the transaction, the insider now directly owns 16,092 shares in the company, valued at approximately $692,438.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.20% of the stock is owned by corporate insiders.

Several institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its position in shares of First Defiance Financial Corp. by 13.3% in the first quarter. Envestnet Asset Management Inc. now owns 2,802 shares of the company’s stock valued at $108,000 after buying an additional 330 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of First Defiance Financial Corp. by 1,228.1% in the second quarter. Acadian Asset Management LLC now owns 3,028 shares of the company’s stock valued at $118,000 after buying an additional 2,800 shares in the last quarter. US Bancorp DE raised its position in shares of First Defiance Financial Corp. by 1.9% in the second quarter. US Bancorp DE now owns 3,893 shares of the company’s stock valued at $152,000 after buying an additional 73 shares in the last quarter. Smith Asset Management Group LP raised its position in shares of First Defiance Financial Corp. by 69.0% in the second quarter. Smith Asset Management Group LP now owns 8,324 shares of the company’s stock valued at $323,000 after buying an additional 3,400 shares in the last quarter. Finally, Sigma Planning Corp acquired a new position in shares of First Defiance Financial Corp. during the second quarter valued at about $433,000. Institutional investors and hedge funds own 64.05% of the company’s stock.

First Defiance Financial Corp. Company Profile

First Defiance Financial Corp. (First Defiance) 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 Federal is a federally chartered stock savings bank.

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