Chicago Equity Partners LLC increased its holdings in shares of First Defiance Financial (NASDAQ:FDEF) by 10.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 54,730 shares of the savings and loans company’s stock after purchasing an additional 5,000 shares during the period. Chicago Equity Partners LLC owned 0.28% of First Defiance Financial worth $1,564,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the company. Assenagon Asset Management S.A. bought a new stake in shares of First Defiance Financial during the first quarter worth approximately $2,897,000. Acadian Asset Management LLC raised its position in First Defiance Financial by 450.0% during the first quarter. Acadian Asset Management LLC now owns 71,631 shares of the savings and loans company’s stock valued at $2,060,000 after purchasing an additional 58,607 shares in the last quarter. Dupont Capital Management Corp acquired a new position in shares of First Defiance Financial during the second quarter worth $816,000. Millennium Management LLC increased its holdings in shares of First Defiance Financial by 75.3% during the fourth quarter. Millennium Management LLC now owns 60,500 shares of the savings and loans company’s stock worth $1,483,000 after buying an additional 25,982 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of First Defiance Financial by 9.4% during the first quarter. JPMorgan Chase & Co. now owns 256,574 shares of the savings and loans company’s stock worth $7,375,000 after buying an additional 22,125 shares in the last quarter. Institutional investors own 63.99% of the company’s stock.
In related news, CEO Donald P. Hileman sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $26.72, for a total transaction of $26,720.00. Following the sale, the chief executive officer now owns 71,940 shares of the company’s stock, valued at $1,922,236.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.36% of the company’s stock.
A number of analysts recently weighed in on the company. BidaskClub downgraded First Defiance Financial from a “sell” rating to a “strong sell” rating in a report on Saturday, August 10th. Zacks Investment Research raised shares of First Defiance Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, July 23rd. Sandler O’Neill upgraded shares of First Defiance Financial from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, ValuEngine lowered shares of First Defiance Financial from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. First Defiance Financial has an average rating of “Hold” and an average price target of $33.00.
FDEF opened at $28.55 on Friday. First Defiance Financial has a 12 month low of $22.78 and a 12 month high of $31.77. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.35. The company has a market cap of $563.23 million, a PE ratio of 12.80 and a beta of 0.99. The company has a 50 day moving average of $27.19 and a 200 day moving average of $28.41.
First Defiance Financial (NASDAQ:FDEF) last posted its quarterly earnings data on Monday, July 22nd. The savings and loans company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. First Defiance Financial had a net margin of 27.02% and a return on equity of 11.64%. The company had revenue of $39.48 million during the quarter, compared to the consensus estimate of $39.58 million. Research analysts forecast that First Defiance Financial will post 2.39 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 16th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend was Thursday, August 15th. First Defiance Financial’s payout ratio is 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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