Wedge Capital Management L L P NC increased its stake in shares of First Defiance Financial (NASDAQ:FDEF) by 6.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 63,585 shares of the savings and loans company’s stock after purchasing an additional 3,758 shares during the quarter. Wedge Capital Management L L P NC owned 0.32% of First Defiance Financial worth $1,842,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its holdings in First Defiance Financial by 43.3% during the 2nd quarter. Acadian Asset Management LLC now owns 102,677 shares of the savings and loans company’s stock valued at $2,933,000 after acquiring an additional 31,046 shares during the period. Aperio Group LLC lifted its holdings in shares of First Defiance Financial by 6.6% in the 2nd quarter. Aperio Group LLC now owns 22,327 shares of the savings and loans company’s stock worth $638,000 after buying an additional 1,391 shares during the period. Citadel Advisors LLC lifted its holdings in shares of First Defiance Financial by 205.2% in the 2nd quarter. Citadel Advisors LLC now owns 22,237 shares of the savings and loans company’s stock worth $636,000 after buying an additional 14,952 shares during the period. Chicago Equity Partners LLC lifted its holdings in shares of First Defiance Financial by 10.1% in the 2nd quarter. Chicago Equity Partners LLC now owns 54,730 shares of the savings and loans company’s stock worth $1,564,000 after buying an additional 5,000 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of First Defiance Financial by 4.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 268,877 shares of the savings and loans company’s stock worth $7,520,000 after buying an additional 12,303 shares during the period. 63.96% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Donald P. Hileman sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $26.72, for a total transaction of $26,720.00. Following the transaction, the chief executive officer now directly owns 71,940 shares of the company’s stock, valued at approximately $1,922,236.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.36% of the company’s stock.
Several equities research analysts have weighed in on FDEF shares. BidaskClub upgraded First Defiance Financial from a “sell” rating to a “hold” rating in a report on Saturday, October 19th. Zacks Investment Research upgraded First Defiance Financial from a “sell” rating to a “hold” rating and set a $36.00 target price for the company in a report on Tuesday, October 29th. Finally, Sandler O’Neill upgraded First Defiance Financial from a “hold” rating to a “buy” rating in a report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $34.50.
FDEF opened at $31.40 on Friday. The firm has a market cap of $620.25 million, a price-to-earnings ratio of 14.08 and a beta of 0.98. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.35. First Defiance Financial has a 12 month low of $22.78 and a 12 month high of $31.83. The stock has a fifty day moving average price of $29.48 and a 200-day moving average price of $28.33.
First Defiance Financial (NASDAQ:FDEF) last released its quarterly earnings results on Monday, October 21st. The savings and loans company reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.08. The firm had revenue of $40.73 million during the quarter, compared to analyst estimates of $40.15 million. First Defiance Financial had a return on equity of 12.16% and a net margin of 27.21%. On average, equities research analysts forecast that First Defiance Financial will post 2.45 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 15th will be given a dividend of $0.22 per share. This is a positive change from First Defiance Financial’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Thursday, November 14th. First Defiance Financial’s dividend payout ratio is currently 34.08%.
About First Defiance Financial
First Defiance Financial Corp. operates as a unitary thrift holding company that provides community-based financial services in northwest Ohio, northeast Indiana, and southeastern Michigan. It offers checking accounts, money market accounts, savings accounts, term certificate accounts, demand deposits, and certificates of deposits, as well as certificate of deposit account registry service; and commercial real estate, commercial, consumer finance, 1-4 family residential real estate, construction, and home equity and improvement loans.
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