The stock of First Defiance Financial (NASDAQ:FDEF) reached all time high today, Nov, 29 and still has $49.14 target or 5.00% above today’s $46.80 share price. This indicates more upside for the $414.70 million company. This technical setup was reported by Barchart.com. If the $49.14 PT is reached, the company will be worth $20.74 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 24,099 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 earnings per share, up 5.63% or $0.04 from last year’s $0.71 per share. FDEF’s profit will be $6.65M for 15.60 P/E if the $0.75 EPS becomes a reality. After $0.78 actual earnings per share 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. The rating was downgraded by Raymond James to “Mkt Perform” on Monday, October 5. The firm earned “Market Perform” rating on Monday, August 29 by Keefe Bruyette & Woods.
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.
First Quadrant L P Ca holds 0% or 2,000 shares in its portfolio. Ladenburg Thalmann Ser has invested 0% of its portfolio in First Defiance Financial (NASDAQ:FDEF). Private Cap Management Lc has 0.08% invested in the company for 14,912 shares. Wedge Capital L L P Nc last reported 0.01% of its portfolio in the stock. The California-based Menta Capital Ltd Liability Co has invested 0.08% in First Defiance Financial (NASDAQ:FDEF). Federated Investors Pa reported 39,982 shares or 0% of all its holdings. Park Oh holds 0.03% or 11,696 shares in its portfolio. Teachers Advsr has 13,656 shares for 0% of their US portfolio. Jpmorgan Chase Communications, a New York-based fund reported 82,075 shares. Tower Cap Lc (Trc) has 0% invested in the company for 496 shares. Wells Fargo & Company Mn has 16,260 shares for 0% of their US portfolio. Voya Inv Management Ltd Limited Liability Company has 6,006 shares for 0% of their US portfolio. Northern Trust owns 121,976 shares or 0% of their US portfolio. Millennium Mgmt Lc has 40,371 shares for 0% of their US portfolio. Goldman Sachs Grp has invested 0% of its portfolio in First Defiance Financial (NASDAQ:FDEF).
Insider Transactions: Since June 15, 2016, the stock had 0 insider purchases, and 5 selling transactions for $329,405 net activity. Mitzel Barbara A. also sold $219,968 worth of First Defiance Financial (NASDAQ:FDEF) shares. $62,410 worth of First Defiance Financial (NASDAQ:FDEF) was sold by SMALL WILLIAM J on Wednesday, June 15. The insider Hileman Donald P. sold 1 shares worth $42. Beard Brent L. sold $3,953 worth of stock. $43,032 worth of shares were sold by ALLEN GREGORY R on Tuesday, July 26.
More notable recent First Defiance Financial (NASDAQ:FDEF) news were published by: Streetinsider.com which released: “Form 4 FIRST DEFIANCE FINANCIAL For: Nov 09 Filed by: Reisner John R.” on November 29, 2016, also Businesswire.com with their article: “First Defiance Financial Corp. and Commercial Bancshares, Inc. Announce …” published on August 23, 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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