This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

10 Cheapest Bank Stocks to Forward Earnings (Update 3)

8. First Defiance Financial

FDEF Chart FDEF data by YCharts

Shares of First Defiance Financial (FDEF) of Defiance, Ohio, closed at $21.89 Friday, returning 15% this year, following a 33% return during 2012. The shares trade for 1.1 times tangible book value, and for 8.8 times the consensus 2014 EPS estimate of $2.49. The consensus 2013 EPS estimate is $2.09.

Based on a quarterly payout of 10 cents, the shares have a dividend yield of 1.83%.

The company reported first-quarter net income of $5.6 million, or 55 cents a share, increasing from $5.2 million, or 52 cents a share, in the fourth quarter, and $4.2 million, or 37 cents a share, in the first quarter of 2012. Like most of the banks in this group of 10, first-quarter returns were good, with an ROA of 1.09% and a return on average tangible common equity of 11.81%.

KBW analyst John Barber rates First Defiance "outperform," with a $24 price target, saying in a note to clients on April 24 that he was "pleased" to see the company's provision for loan losses decline to $425,000 in the first quarter from $2.6 million in the fourth quarter, and its annualized ratio of net charge-offs to average loans improve to 0.18% in the first quarter from 0.59% the previous quarter.

The provision for loan losses is the amount added to loan loss reserves each quarter. Net charge-offs are loan losses less recoveries.

Interested in more on First Defiance Financial? See TheStreet Ratings' report card for this stock.
4 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
WFC $55.15 -0.43%
COF $78.52 -0.61%
C $54.10 -0.20%
BAC $17.43 -0.29%
JPM $66.87 -0.45%


Chart of I:DJI
DOW 17,719.92 -78.57 -0.44%
S&P 500 2,080.41 -9.70 -0.46%
NASDAQ 5,108.6660 -18.8590 -0.37%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs