Piermont Capital Management Inc. reduced its stake in shares of First Defiance Financial (NASDAQ:FDEF) by 8.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,186 shares of the savings and loans company’s stock after selling 2,220 shares during the period. Piermont Capital Management Inc. owned approximately 0.25% of First Defiance Financial worth $1,247,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company purchased a new position in First Defiance Financial during the third quarter valued at approximately $13,819,000. LSV Asset Management increased its position in First Defiance Financial by 19.9% in the first quarter. LSV Asset Management now owns 224,081 shares of the savings and loans company’s stock valued at $11,094,000 after buying an additional 37,220 shares during the last quarter. Seizert Capital Partners LLC purchased a new position in First Defiance Financial during the first quarter valued at approximately $1,832,000. Russell Investments Group Ltd. purchased a new position in First Defiance Financial during the fourth quarter valued at approximately $1,446,000. Finally, Federated Investors Inc. PA increased its position in First Defiance Financial by 59.2% in the fourth quarter. Federated Investors Inc. PA now owns 73,137 shares of the savings and loans company’s stock valued at $3,711,000 after buying an additional 27,194 shares during the last quarter. 67.55% of the stock is currently owned by institutional investors.
Shares of First Defiance Financial (FDEF) traded up 2.49% during midday trading on Friday, reaching $55.99. The company had a trading volume of 43,157 shares. The firm has a market capitalization of $568.02 million, a P/E ratio of 19.11 and a beta of 0.95. First Defiance Financial has a one year low of $35.90 and a one year high of $56.63. The company has a 50 day moving average price of $53.71 and a 200-day moving average price of $50.40.
First Defiance Financial (NASDAQ:FDEF) last issued its earnings results on Monday, April 17th. The savings and loans company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $32.19 million for the quarter, compared to analysts’ expectations of $31.79 million. On average, analysts anticipate that First Defiance Financial will post $3.42 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 26th. Shareholders of record on Friday, May 19th were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, May 17th. This represents a $1.00 dividend on an annualized basis and a yield of 1.79%. First Defiance Financial’s payout ratio is 27.76%.
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Several equities analysts have recently commented on FDEF shares. Keefe, Bruyette & Woods set a $50.00 target price on First Defiance Financial and gave the company a “hold” rating in a research report on Monday, April 10th. Zacks Investment Research downgraded First Defiance Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, February 14th.
In other First Defiance Financial news, insider Gregory R. Allen sold 2,167 shares of the business’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $54.23, for a total transaction of $117,516.41. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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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