Zacks Investment Research upgraded shares of First Defiance Financial Corp. (NASDAQ:FDEF) from a sell rating to a hold rating in a report issued on Friday.

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 upped their price objective on shares of First Defiance Financial Corp. from $40.00 to $45.00 and gave the company a market perform rating in a report on Monday, August 29th.

Shares of First Defiance Financial Corp. (NASDAQ:FDEF) opened at 46.63 on Friday. The stock has a 50 day moving average of $42.74 and a 200-day moving average of $42.24. The firm has a market capitalization of $418.78 million, a P/E ratio of 15.14 and a beta of 0.89. First Defiance Financial Corp. has a 1-year low of $34.80 and a 1-year high of $46.83.

First Defiance Financial Corp. (NASDAQ:FDEF) last issued its quarterly earnings results on Monday, October 17th. The company reported $0.78 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.78. First Defiance Financial Corp. had a net margin of 23.51% and a return on equity of 9.81%. On average, equities analysts expect that First Defiance Financial Corp. will post $3.12 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Friday, November 11th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.89%. The ex-dividend date was Tuesday, November 8th. First Defiance Financial Corp.’s dividend payout ratio (DPR) is presently 28.66%.

A number of large investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company bought a new stake in shares of First Defiance Financial Corp. during the third quarter valued at $13,819,000. JPMorgan Chase & Co. boosted its stake in shares of First Defiance Financial Corp. by 67.0% in the third quarter. JPMorgan Chase & Co. now owns 137,027 shares of the company’s stock valued at $6,117,000 after buying an additional 54,952 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in shares of First Defiance Financial Corp. by 133.2% in the third quarter. Panagora Asset Management Inc. now owns 60,430 shares of the company’s stock valued at $2,698,000 after buying an additional 34,515 shares in the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of First Defiance Financial Corp. during the second quarter valued at $1,276,000. Finally, Piermont Capital Management Inc. bought a new stake in shares of First Defiance Financial Corp. during the second quarter valued at $1,164,000. 67.52% of the stock is currently owned by institutional investors and hedge funds.

About First Defiance Financial Corp.

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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