First Defiance Financial Corp. (FDEF) Stake Raised by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in shares of First Defiance Financial Corp. (NASDAQ:FDEF) by 5.9% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 353,042 shares of the savings and loans company’s stock after acquiring an additional 19,582 shares during the quarter. Vanguard Group Inc. owned about 3.48% of First Defiance Financial Corp. worth $17,479,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FDEF. Prudential Financial Inc. raised its stake in shares of First Defiance Financial Corp. by 11.5% during the 1st quarter. Prudential Financial Inc. now owns 97,850 shares of the savings and loans company’s stock valued at $4,845,000 after buying an additional 10,080 shares during the last quarter. ClariVest Asset Management LLC raised its stake in shares of First Defiance Financial Corp. by 13.7% during the 1st quarter. ClariVest Asset Management LLC now owns 88,228 shares of the savings and loans company’s stock valued at $4,368,000 after buying an additional 10,609 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of First Defiance Financial Corp. by 4.6% during the 1st quarter. Bank of New York Mellon Corp now owns 60,967 shares of the savings and loans company’s stock valued at $3,018,000 after buying an additional 2,671 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of First Defiance Financial Corp. by 8.6% during the 1st 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 last quarter. Finally, Context BH Capital Management LP purchased a new position in shares of First Defiance Financial Corp. during the 1st quarter valued at about $539,000. 63.89% of the stock is owned by institutional investors.

A number of research firms have weighed in on FDEF. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $51.00 price objective on shares of First Defiance Financial Corp. in a research note on Wednesday, June 28th. BidaskClub lowered First Defiance Financial Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. ValuEngine lowered First Defiance Financial Corp. from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Sandler O’Neill began coverage on First Defiance Financial Corp. in a research note on Wednesday, June 21st. They issued a “hold” rating and a $56.00 price target for the company. Finally, Zacks Investment Research lowered First Defiance Financial Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $55.33.

Shares of First Defiance Financial Corp. (NASDAQ FDEF) opened at 47.80 on Friday. First Defiance Financial Corp. has a 12-month low of $36.91 and a 12-month high of $56.90. The company has a 50-day moving average price of $49.58 and a 200 day moving average price of $51.41. The firm has a market capitalization of $485.17 million, a PE ratio of 16.15 and a beta of 0.91.

First Defiance Financial Corp. (NASDAQ:FDEF) last released its quarterly earnings results on Monday, July 17th. The savings and loans company reported $0.82 earnings per share (EPS) for the quarter, missing the Zacks’ 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 9.35%. The firm had revenue of $34.77 million for the quarter, compared to analyst estimates of $33.88 million. On average, equities analysts expect that First Defiance Financial Corp. will post $3.14 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 18th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.09%. First Defiance Financial Corp.’s dividend payout ratio is currently 33.90%.

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First Defiance Financial Corp. 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).

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

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