First Defiance Financial Corp. (FDEF) Hits New 52-Week High at $44.75
Shares of First Defiance Financial Corp. (NASDAQ:FDEF) reached a new 52-week high during trading on Monday . The stock traded as high as $44.75 and last traded at $44.68, with a volume of 15,856 shares trading hands. The stock had previously closed at $44.53.
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 target price for the company in a research note on Friday, July 22nd.
The company’s 50 day moving average is $41.54 and its 200 day moving average is $39.72. The stock has a market capitalization of $396.83 million and a price-to-earnings ratio of 14.65.
First Defiance Financial Corp. (NASDAQ:FDEF) last announced its quarterly earnings results on Monday, July 18th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.10. Analysts forecast that First Defiance Financial Corp. will post $3.16 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Friday, August 19th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.98%. The ex-dividend date is Wednesday, August 17th.
In related news, Director William J. Small sold 1,584 shares of First Defiance Financial Corp. stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of $39.40, for a total transaction of $62,409.60. Following the completion of the transaction, the director now directly owns 52,082 shares of the company’s stock, valued at approximately $2,052,030.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gregory R. Allen sold 1,000 shares of First Defiance Financial Corp. stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $43.03, for a total transaction of $43,030.00. Following the transaction, the insider now directly owns 16,092 shares of the company’s stock, valued at $692,438.76. 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 stake 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 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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