Strs Ohio decreased its position in shares of First Defiance Financial (NASDAQ:FDEF) by 4.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,900 shares of the savings and loans company’s stock after selling 600 shares during the period. Strs Ohio owned about 0.14% of First Defiance Financial worth $688,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in FDEF. Highbridge Capital Management LLC bought a new stake in shares of First Defiance Financial during the fourth quarter worth about $349,000. Peloton Wealth Strategists bought a new stake in shares of First Defiance Financial during the third quarter worth about $397,000. Summit Global Investments bought a new stake in shares of First Defiance Financial during the fourth quarter worth about $457,000. GSA Capital Partners LLP bought a new stake in shares of First Defiance Financial during the fourth quarter worth about $558,000. Finally, Teachers Advisors LLC raised its stake in shares of First Defiance Financial by 3.7% in the fourth quarter. Teachers Advisors LLC now owns 13,688 shares of the savings and loans company’s stock worth $695,000 after buying an additional 489 shares during the period. 67.55% of the stock is currently owned by hedge funds and other institutional investors.
First Defiance Financial (NASDAQ FDEF) opened at 53.23 on Thursday. First Defiance Financial has a 52 week low of $35.90 and a 52 week high of $56.20. The firm has a 50-day moving average price of $53.47 and a 200-day moving average price of $50.29. The stock has a market cap of $540.02 million, a P/E ratio of 18.17 and a beta of 0.95.
First Defiance Financial (NASDAQ:FDEF) last posted its earnings results on Monday, April 17th. The savings and loans company reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.07. First Defiance Financial had a net margin of 15.97% and a return on equity of 6.37%. The company had revenue of $32.19 million for the quarter, compared to analyst estimates of $31.79 million. On average, equities research analysts predict that First Defiance Financial will post $3.42 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 26th. Investors of record on Friday, May 19th were issued a $0.25 dividend. The ex-dividend date was Wednesday, May 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.88%. First Defiance Financial’s dividend payout ratio is presently 27.76%.
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A number of brokerages have recently issued reports on FDEF. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $51.00 target price on shares of First Defiance Financial in a research report on Wednesday, May 24th. Zacks Investment Research downgraded First Defiance Financial from a “buy” rating to a “hold” rating in a report on Tuesday, February 14th.
In other First Defiance Financial news, insider Gregory R. Allen sold 2,167 shares of the company’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $54.23, for a total value of $117,516.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.20% of the company’s stock.
About First Defiance Financial
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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