WBI Investments Inc. Takes Position in First Defiance Financial Corp. (FDEF)

WBI Investments Inc. purchased a new stake in First Defiance Financial Corp. (NASDAQ:FDEF) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,960 shares of the savings and loans company’s stock, valued at approximately $577,000. WBI Investments Inc. owned 0.11% of First Defiance Financial Corp. at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of First Defiance Financial Corp. by 5.9% during the 1st quarter. Vanguard Group Inc. now owns 353,042 shares of the savings and loans company’s stock valued at $17,479,000 after buying an additional 19,582 shares in the last quarter. Bank of America Corp DE raised its position in First Defiance Financial Corp. by 1.1% in the 1st quarter. Bank of America Corp DE now owns 156,170 shares of the savings and loans company’s stock worth $7,732,000 after purchasing an additional 1,741 shares during the period. Prudential Financial Inc. raised its position in First Defiance Financial Corp. by 11.5% in the 1st quarter. Prudential Financial Inc. now owns 97,850 shares of the savings and loans company’s stock worth $4,845,000 after purchasing an additional 10,080 shares during the period. ClariVest Asset Management LLC raised its position in First Defiance Financial Corp. by 13.7% in the 1st quarter. ClariVest Asset Management LLC now owns 88,228 shares of the savings and loans company’s stock worth $4,368,000 after purchasing an additional 10,609 shares during the period. Finally, AQR Capital Management LLC raised its position in First Defiance Financial Corp. by 32.7% in the 1st quarter. AQR Capital Management LLC now owns 146,112 shares of the savings and loans company’s stock worth $7,234,000 after purchasing an additional 35,984 shares during the period. 63.89% of the stock is owned by hedge funds and other institutional investors.

First Defiance Financial Corp. (NASDAQ FDEF) opened at 52.49 on Friday. The firm has a 50-day moving average of $49.01 and a 200 day moving average of $51.41. The stock has a market capitalization of $532.77 million, a PE ratio of 17.73 and a beta of 0.91. First Defiance Financial Corp. has a one year low of $36.91 and a one year high of $56.90.

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

A number of equities analysts recently commented on FDEF shares. 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 on the stock in a research report on Wednesday, July 19th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $51.00 price target on shares of First Defiance Financial Corp. in a report on Wednesday, June 28th. Zacks Investment Research lowered shares of First Defiance Financial Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. ValuEngine lowered shares of First Defiance Financial Corp. from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, BidaskClub lowered shares of First Defiance Financial Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. First Defiance Financial Corp. presently has an average rating of “Hold” and an average price target of $55.33.

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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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