The stock of First Defiance Financial (NASDAQ:FDEF) hit a new 52-week high and has $49.98 target or 7.00% above today’s $46.71 share price. The 8 months bullish chart indicates low risk for the $413.90 million company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $49.98 price target is reached, the company will be worth $28.97 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 17,170 shares traded hands. First Defiance Financial (NASDAQ:FDEF) has risen 14.87% since April 26, 2016 and is uptrending. It has outperformed by 9.61% the S&P500.
Analysts await First Defiance Financial (NASDAQ:FDEF) to report earnings on January, 16. They expect $0.75 EPS, up 5.63% or $0.04 from last year’s $0.71 per share. FDEF’s profit will be $6.65M for 15.57 P/E if the $0.75 EPS becomes a reality. After $0.78 actual EPS reported by First Defiance Financial for the previous quarter, Wall Street now forecasts -3.85% negative EPS growth.
First Defiance Financial (NASDAQ:FDEF) Ratings Coverage
Out of 4 analysts covering First Defiance Financial Corp (NASDAQ:FDEF), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0 are positive. First Defiance Financial Corp has been the topic of 5 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Monday, August 29, the company rating was maintained by Keefe Bruyette & Woods. The rating was downgraded by Raymond James on Monday, October 5 to “Mkt Perform”.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment increased to 1.29 in Q2 2016. Its up 0.18, from 1.11 in 2016Q1. The ratio improved, as 8 funds sold all First Defiance Financial shares owned while 36 reduced positions. 11 funds bought stakes while 38 increased positions. They now own 5.71 million shares or 1.34% more from 5.63 million shares in 2016Q1.
Blackrock Inv Mngmt Ltd Liability Corp has invested 0% of its portfolio in First Defiance Financial (NASDAQ:FDEF). Ameriprise Inc has invested 0% of its portfolio in First Defiance Financial (NASDAQ:FDEF). Systematic Ltd Partnership last reported 0.02% of its portfolio in the stock. Plante Moran Fincl Advsr Ltd Liability Co has invested 0.04% of its portfolio in First Defiance Financial (NASDAQ:FDEF). Deutsche Bancorp Ag reported 38,138 shares or 0% of all its holdings. Aqr Mgmt Lc has 0.01% invested in the company for 84,938 shares. Victory Capital Management Inc holds 0% or 20,632 shares in its portfolio. Zacks Investment Mngmt last reported 33,895 shares in the company. Piermont Cap Management last reported 29,966 shares in the company. Wells Fargo And Company Mn last reported 16,260 shares in the company. Metropolitan Life Ins Com holds 0% of its portfolio in First Defiance Financial (NASDAQ:FDEF) for 7,068 shares. Susquehanna Group Limited Liability Partnership owns 14,400 shares or 0% of their US portfolio. Incorporated holds 0% or 5,070 shares in its portfolio. Blackrock Ltd Liability has 0% invested in the company for 32,205 shares. Smithfield Trust Communication last reported 0.03% of its portfolio in the stock.
Insider Transactions: Since June 15, 2016, the stock had 0 insider buys, and 5 sales for $329,405 net activity. On Friday, July 22 the insider Mitzel Barbara A. sold $219,968. SMALL WILLIAM J also sold $62,410 worth of First Defiance Financial (NASDAQ:FDEF) on Wednesday, June 15. 1,000 First Defiance Financial (NASDAQ:FDEF) shares with value of $43,032 were sold by ALLEN GREGORY R. Another trade for 1 shares valued at $42 was sold by Hileman Donald P.. On Tuesday, October 25 the insider Beard Brent L. sold $3,953.
More notable recent First Defiance Financial (NASDAQ:FDEF) news were published by: Businesswire.com which released: “First Defiance Financial Corp. and Commercial Bancshares, Inc. Announce …” on August 23, 2016, also Streetinsider.com with their article: “Form 4 FIRST DEFIANCE FINANCIAL For: Nov 09 Filed by: Reisner John R.” published on November 29, 2016, Businesswire.com published: “First Defiance Financial Corp. to Release Third Quarter Earnings on October 17 …” on September 22, 2016. More interesting news about First Defiance Financial (NASDAQ:FDEF) were released by: Businesswire.com and their article: “First Defiance Financial Corp. Announces Election of Thomas A. Reineke to Its …” published on May 03, 2016 as well as Seekingalpha.com‘s news article titled: “First Defiance Financial’s (FDEF) CEO Don Hileman on Q3 2016 Results …” with publication date: October 18, 2016.
FDEF Company Profile
First Defiance Financial Corp. (First Defiance), incorporated on June 7, 1995, is a unitary thrift holding firm that focuses on traditional banking and property and casualty, life and group health insurance products. The Firm 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’s banking activities include originating and servicing residential, commercial, and consumer loans, and providing a range of depository, trust and wealth management services. First Insurance offers property and casualty, and group health and life insurance products. First Defiance Risk Management is an insurance firm subsidiary of the Company.
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