First Defiance Financial Corp. (FDEF) Sets New 12-Month High at $43.56
First Defiance Financial Corp. (NASDAQ:FDEF) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $43.56 and last traded at $43.28, with a volume of 12,957 shares changing hands. The stock had previously closed at $42.90.
Separately, Zacks Investment Research raised shares of First Defiance Financial Corp. from a “hold” rating to a “strong-buy” rating and set a $48.00 price objective on the stock in a research report on Friday, July 22nd.
The company has a market cap of $391.90 million and a price-to-earnings ratio of 14.48. The stock’s 50-day moving average price is $40.36 and its 200 day moving average price is $39.36.
First Defiance Financial Corp. (NASDAQ:FDEF) last posted its earnings results on Monday, July 18th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.10. On average, analysts predict that First Defiance Financial Corp. will post $3.16 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Friday, August 19th will be given a dividend of $0.22 per share. The ex-dividend date is Wednesday, August 17th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.01%.
In other news, insider Gregory R. Allen sold 1,000 shares of the stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $43.03, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William J. Small sold 1,584 shares of the stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $39.40, for a total value of $62,409.60. Following the transaction, the director now owns 52,082 shares of the company’s stock, valued at $2,052,030.80. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in First Defiance Financial Corp. stock. California Public Employees Retirement System boosted its position in shares of First Defiance Financial Corp. (NASDAQ:FDEF) by 19.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,200 shares of the company’s stock after buying an additional 11,700 shares during the period. California Public Employees Retirement System owned approximately 0.78% of First Defiance Financial Corp. worth $2,690,000 at the end of the most recent quarter.
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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