Vanguard Group Inc. Acquires 50,760 Shares of First Defiance Financial Corp. (FDEF)

Vanguard Group Inc. raised its holdings in First Defiance Financial Corp. (NASDAQ:FDEF) by 14.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 403,802 shares of the savings and loans company’s stock after purchasing an additional 50,760 shares during the period. Vanguard Group Inc. owned 3.98% of First Defiance Financial Corp. worth $21,272,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. LSV Asset Management increased its stake in shares of First Defiance Financial Corp. by 6.9% in the second quarter. LSV Asset Management now owns 239,647 shares of the savings and loans company’s stock worth $12,624,000 after purchasing an additional 15,566 shares in the last quarter. Northern Trust Corp boosted its position in shares of First Defiance Financial Corp. by 20.2% in the second quarter. Northern Trust Corp now owns 166,214 shares of the savings and loans company’s stock valued at $8,756,000 after acquiring an additional 27,910 shares during the period. Bank of America Corp DE boosted its position in shares of First Defiance Financial Corp. by 1.1% in the first quarter. Bank of America Corp DE now owns 156,170 shares of the savings and loans company’s stock valued at $7,732,000 after acquiring an additional 1,741 shares during the period. Prudential Financial Inc. boosted its position in shares of First Defiance Financial Corp. by 9.0% in the second quarter. Prudential Financial Inc. now owns 106,660 shares of the savings and loans company’s stock valued at $5,619,000 after acquiring an additional 8,810 shares during the period. Finally, Federated Investors Inc. PA boosted its position in shares of First Defiance Financial Corp. by 1.4% in the second quarter. Federated Investors Inc. PA now owns 106,503 shares of the savings and loans company’s stock valued at $5,611,000 after acquiring an additional 1,509 shares during the period. Hedge funds and other institutional investors own 63.65% of the company’s stock.

A number of equities analysts have recently commented on FDEF shares. Zacks Investment Research upgraded shares of First Defiance Financial Corp. from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Wednesday, October 18th. ValuEngine upgraded shares of First Defiance Financial Corp. from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Sandler O’Neill upgraded shares of 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 report on Wednesday, July 19th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $54.00 price objective on shares of First Defiance Financial Corp. in a research report on Thursday, October 19th. Finally, BidaskClub lowered shares of First Defiance Financial Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. First Defiance Financial Corp. presently has a consensus rating of “Hold” and a consensus target price of $57.67.

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First Defiance Financial Corp. (NASDAQ FDEF) opened at $53.23 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.01 and a quick ratio of 1.00. First Defiance Financial Corp. has a 1 year low of $42.61 and a 1 year high of $56.91. The company has a market cap of $530.13, a P/E ratio of 15.54 and a beta of 0.94.

First Defiance Financial Corp. (NASDAQ:FDEF) last announced its earnings results on Monday, October 16th. The savings and loans company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.05. First Defiance Financial Corp. had a net margin of 21.47% and a return on equity of 9.51%. The business had revenue of $34.50 million during the quarter, compared to analyst estimates of $34.85 million. analysts predict that First Defiance Financial Corp. will post 3.45 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Friday, November 10th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $1.00 annualized dividend and a yield of 1.88%. First Defiance Financial Corp.’s payout ratio is presently 32.36%.

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).

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

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