KBW Keeps Their Hold Rating on First Defiance Financial

By Jason Carr

In a report issued on June 26, Damon Delmonte from KBW reiterated a Hold rating on First Defiance Financial (NASDAQ: FDEF), with a price target of $51. The company’s shares opened today at $52.63.

According to TipRanks.com, Delmonte is a 5-star analyst with an average return of 22.7% and a 85.1% success rate. Delmonte covers the Financial sector, focusing on stocks such as First Financial Corporation Indiana, Univest Corporation Of Pennsylvania, and Western New England Bancorp Inc.

Currently, the analyst consensus on First Defiance Financial is Hold and the average price target is $53.50, representing a 1.7% upside.

In a report issued on June 21, Sandler O’Neill also initiated coverage with a Hold rating on the stock with a $56 price target.

First Defiance Financial’s market cap is currently $531.9M and has a P/E ratio of 17.90. The company has a book value ratio of 1.5017.

Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FDEF in relation to earlier this year. Most recently, in April 2017, Gregory R. Allen, the EVP of FDEF bought 1,000 shares for a total of $27,410.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

First Defiance Financial Corp. is a holding company engages in the provision of banking business. Through its subsidiaries, it offers traditional banking services, property and casualty, life, and group health insurance products which include residential real estate loans, commercial real estate, commercial, home improvement and home equity loans as well as consumer loans. The company was founded in June 1995 and is headquartered in Defiance, OH.