Bank of New York Mellon Corp Acquires 2,671 Shares of First Defiance Financial Corp. (NASDAQ:FDEF)

Bank of New York Mellon Corp boosted its position in First Defiance Financial Corp. (NASDAQ:FDEF) by 4.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,967 shares of the savings and loans company’s stock after buying an additional 2,671 shares during the period. Bank of New York Mellon Corp owned 0.60% of First Defiance Financial Corp. worth $3,018,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in FDEF. Highbridge Capital Management LLC bought a new stake in First Defiance Financial Corp. during the fourth quarter valued at $349,000. GSA Capital Partners LLP bought a new stake in First Defiance Financial Corp. during the fourth quarter valued at $558,000. Teachers Advisors LLC increased its stake in First Defiance Financial Corp. by 3.7% in the fourth quarter. Teachers Advisors LLC now owns 13,688 shares of the savings and loans company’s stock valued at $695,000 after buying an additional 489 shares during the period. Wells Fargo & Company MN increased its stake in First Defiance Financial Corp. by 8.6% in the first quarter. Wells Fargo & Company MN now owns 19,518 shares of the savings and loans company’s stock valued at $966,000 after buying an additional 1,538 shares during the period. Finally, Two Sigma Investments LP increased its stake in First Defiance Financial Corp. by 15.4% in the fourth quarter. Two Sigma Investments LP now owns 28,108 shares of the savings and loans company’s stock valued at $1,426,000 after buying an additional 3,754 shares during the period. Institutional investors and hedge funds own 62.97% of the company’s stock.

First Defiance Financial Corp. (FDEF) opened at 51.97 on Tuesday. First Defiance Financial Corp. has a 12 month low of $36.91 and a 12 month high of $56.90. The stock has a market cap of $527.44 million, a PE ratio of 17.56 and a beta of 0.90. The firm has a 50-day moving average of $53.19 and a 200 day moving average of $51.29.

First Defiance Financial Corp. (NASDAQ:FDEF) last released its quarterly earnings data on Monday, July 17th. The savings and loans company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by $0.02. First Defiance Financial Corp. had a return on equity of 9.71% and a net margin of 20.85%. The business had revenue of $34.77 million during the quarter, compared to analyst estimates of $33.88 million. Analysts anticipate that First Defiance Financial Corp. will post $3.45 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 18th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Wednesday, August 16th. First Defiance Financial Corp.’s payout ratio is currently 33.90%.

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Several analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of First Defiance Financial Corp. from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. Sandler O’Neill upgraded shares of First Defiance Financial Corp. from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report 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 report on Wednesday, June 28th.

In other news, insider Gregory R. Allen sold 2,167 shares of the stock in a transaction on Monday, May 1st. The shares were sold at an average price of $54.23, for a total value of $117,516.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.40% of the stock is owned by corporate insiders.

About First Defiance Financial Corp.

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).

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

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