Context BH Capital Management LP Holds Stake in First Defiance Financial Corp. (FDEF)

Context BH Capital Management LP continued to hold its position in shares of First Defiance Financial Corp. (NASDAQ:FDEF) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 10,887 shares of the savings and loans company’s stock at the end of the second quarter. Context BH Capital Management LP owned approximately 0.11% of First Defiance Financial Corp. worth $574,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legal & General Group Plc lifted its stake in shares of First Defiance Financial Corp. by 1.0% in the 1st quarter. Legal & General Group Plc now owns 2,400 shares of the savings and loans company’s stock valued at $119,000 after purchasing an additional 23 shares during the last quarter. Summit Global Investments lifted its stake in shares of First Defiance Financial Corp. by 2.2% in the 2nd quarter. Summit Global Investments now owns 9,200 shares of the savings and loans company’s stock valued at $485,000 after purchasing an additional 200 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of First Defiance Financial Corp. by 3.7% in the 2nd quarter. Acadian Asset Management LLC now owns 5,657 shares of the savings and loans company’s stock valued at $298,000 after purchasing an additional 201 shares during the last quarter. Aperio Group LLC lifted its stake in shares of First Defiance Financial Corp. by 4.9% in the 2nd quarter. Aperio Group LLC now owns 6,328 shares of the savings and loans company’s stock valued at $333,000 after purchasing an additional 294 shares during the last quarter. Finally, American International Group Inc. lifted its stake in shares of First Defiance Financial Corp. by 7.0% in the 1st quarter. American International Group Inc. now owns 5,415 shares of the savings and loans company’s stock valued at $268,000 after purchasing an additional 352 shares during the last quarter. Institutional investors and hedge funds own 63.89% of the company’s stock.

First Defiance Financial Corp. (FDEF) traded down 0.45% during midday trading on Wednesday, hitting $48.95. The stock had a trading volume of 337 shares. The company has a market cap of $496.84 million, a PE ratio of 16.54 and a beta of 0.91. The firm has a 50-day moving average of $49.01 and a 200-day moving average of $51.41. First Defiance Financial Corp. has a 12-month low of $36.91 and a 12-month high of $56.90.

First Defiance Financial Corp. (NASDAQ:FDEF) last posted its quarterly earnings results on Monday, July 17th. The savings and loans company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.02). The company had revenue of $34.77 million during the quarter, compared to analysts’ expectations of $33.88 million. First Defiance Financial Corp. had a net margin of 20.85% and a return on equity of 9.35%. Equities research analysts forecast that First Defiance Financial Corp. will post $3.14 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 18th were given a $0.25 dividend. 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 2.03%. First Defiance Financial Corp.’s dividend payout ratio (DPR) is presently 33.90%.

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Several equities research analysts have recently issued reports on FDEF shares. Sandler O’Neill raised First Defiance Financial Corp. from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Wednesday, July 19th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $51.00 price objective on shares of First Defiance Financial Corp. in a research note on Wednesday, June 28th. Zacks Investment Research lowered First Defiance Financial Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. ValuEngine lowered First Defiance Financial Corp. from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, BidaskClub lowered First Defiance Financial Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $55.33.

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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