Do you consider "Female" a derogatory term to the Ladies?

I can’t tell you how many time I’ve heard a Man call a Woman “Female”. This absolutely drives me up the wall.

“Gosh that female with the brunette hair is stunning” (urbandictionary.com)

Its more of a Southern thing right now that ‘young people’ are doing. But I really find it insanely disrespectful.
People keep finding more and more ways to objectify women. I’m not even in favor of “pet names” like Babe, more or less being called “Female”.

*I might be blowing this out of proportion. But man, this is ridiculous.