Bank of America Corp DE Buys 1,741 Shares of First Defiance Financial Corp. (NASDAQ:FDEF)

Bank of America Corp DE increased its stake in shares of First Defiance Financial Corp. (NASDAQ:FDEF) by 1.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 156,170 shares of the savings and loans company’s stock after buying an additional 1,741 shares during the period. Bank of America Corp DE owned approximately 1.54% of First Defiance Financial Corp. worth $7,732,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in FDEF. Vanguard Group Inc. raised its stake in First Defiance Financial Corp. by 5.9% in the first quarter. Vanguard Group Inc. now owns 353,042 shares of the savings and loans company’s stock worth $17,479,000 after buying an additional 19,582 shares during the last quarter. Renaissance Technologies LLC raised its stake in First Defiance Financial Corp. by 7.5% in the first quarter. Renaissance Technologies LLC now owns 306,500 shares of the savings and loans company’s stock worth $15,175,000 after buying an additional 21,305 shares during the last quarter. LSV Asset Management raised its stake in First Defiance Financial Corp. by 19.9% in the first quarter. LSV Asset Management now owns 224,081 shares of the savings and loans company’s stock worth $11,094,000 after buying an additional 37,220 shares during the last quarter. State Street Corp raised its stake in First Defiance Financial Corp. by 13.2% in the fourth quarter. State Street Corp now owns 170,717 shares of the savings and loans company’s stock worth $8,661,000 after buying an additional 19,894 shares during the last quarter. Finally, Prudential Financial Inc. raised its stake in First Defiance Financial Corp. by 11.5% in the first quarter. Prudential Financial Inc. now owns 97,850 shares of the savings and loans company’s stock worth $4,845,000 after buying an additional 10,080 shares during the last quarter. Institutional investors own 62.97% of the company’s stock.

Shares of First Defiance Financial Corp. (NASDAQ:FDEF) opened at 52.62 on Wednesday. First Defiance Financial Corp. has a 1-year low of $36.91 and a 1-year high of $56.90. The firm has a 50-day moving average price of $53.19 and a 200-day moving average price of $51.29. The stock has a market cap of $534.04 million, a price-to-earnings ratio of 17.78 and a beta of 0.90.

First Defiance Financial Corp. (NASDAQ:FDEF) last announced its quarterly earnings results on Monday, July 17th. The savings and loans company reported $0.82 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by $0.02. First Defiance Financial Corp. had a net margin of 20.85% and a return on equity of 9.71%. The business had revenue of $34.77 million during the quarter, compared to analyst estimates of $33.88 million. Equities analysts forecast that First Defiance Financial Corp. will post $3.14 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 18th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Wednesday, August 16th. First Defiance Financial Corp.’s dividend payout ratio (DPR) is presently 33.90%.

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A number of research firms have weighed in on FDEF. Zacks Investment Research lowered First Defiance Financial Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th. Sandler O’Neill upgraded First Defiance Financial Corp. from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research note on Wednesday, July 19th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $51.00 target price on shares of First Defiance Financial Corp. in a research note on Wednesday, June 28th.

In other news, insider Gregory R. Allen sold 2,167 shares of the company’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $54.23, for a total value of $117,516.41. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 3.40% of the company’s stock.

First Defiance Financial Corp. Company Profile

First Defiance Financial Corp. 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 Defiance Risk Management).

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Institutional Ownership by Quarter for First Defiance Financial Corp. (NASDAQ:FDEF)

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