Keefe Bruyette & Woods Maintains First Defiance Financial to Market Perform with Price Target $45.00

Brokerage firm Keefe Bruyette & Woods Maintains its rating on First Defiance Financial(NASDAQ:FDEF). In a research note issued to the investors, the brokerage major Raises the price-target to $45.00 per share. The shares have been rated Market Perform. The rating by Keefe Bruyette & Woods was issued on Aug 29, 2016.

First Defiance Financial (FDEF) shares turned negative on Thursdays trading session with the shares closing down -0.6 points or -1.32% at a volume of 41,824. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $45.52. The peak price level was also seen at $45.52 while the days lowest was $44.42. Finally the shares closed at $44.89. The 52-week high of the shares is $46.83 while the 52-week low is $34.8. According to the latest information available, the market cap of the company is $403 M.

First Defiance Financial(FDEF) last announced its earnings results on Jul 18, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $19.40M. Analysts had an estimated revenue of $19.84M. Earnings per share were $0.80. Analysts had estimated an EPS of $0.70.

Several Insider Transactions has been reported to the SEC. On Aug 18, 2016, Barbara A. Mitzel (director) sold 5,275 shares at $41.70 per share price.Also, On Jul 27, 2016, Gregory R Allen (Executive Vice President) sold 1,000 shares at $43.03 per share price.On Jun 17, 2016, William J Small (director) sold 1,584 shares at $39.40 per share price, according to the Form-4 filing with the securities and exchange commission.

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’s banking activities include originating and servicing residential commercial and consumer loans and providing a range of depository services. First Insurance’s activities consist primarily of selling property and casualty life and group health insurance products. First Defiance Risk Management is a wholly owned insurance company subsidiary of the Company which insures the Company and its subsidiaries against risks of the operations of the Company. At December 31 2014 the Company had consolidated assets of $2.18 billion and consolidated deposits of $1.76 billion.

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