LSV Asset Management raised its holdings in shares of First Defiance Financial Corp. (NASDAQ:FDEF) by 4.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 247,447 shares of the savings and loans company’s stock after acquiring an additional 10,600 shares during the period. LSV Asset Management owned approximately 2.43% of First Defiance Financial worth $14,183,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Schwab Charles Investment Management Inc. lifted its stake in First Defiance Financial by 5.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 19,822 shares of the savings and loans company’s stock valued at $1,031,000 after acquiring an additional 1,040 shares during the period. Handelsbanken Fonder AB acquired a new stake in First Defiance Financial during the 4th quarter valued at approximately $208,000. Wells Fargo & Company MN lifted its stake in First Defiance Financial by 27.6% during the 3rd quarter. Wells Fargo & Company MN now owns 27,825 shares of the savings and loans company’s stock valued at $1,461,000 after acquiring an additional 6,016 shares during the period. Allianz Asset Management GmbH lifted its stake in First Defiance Financial by 2.6% during the 4th quarter. Allianz Asset Management GmbH now owns 54,347 shares of the savings and loans company’s stock valued at $2,824,000 after acquiring an additional 1,372 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in First Defiance Financial by 7.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 45,219 shares of the savings and loans company’s stock valued at $2,350,000 after acquiring an additional 3,074 shares during the period. Institutional investors and hedge funds own 64.16% of the company’s stock.
First Defiance Financial opened at $61.61 on Friday, according to MarketBeat. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.28. First Defiance Financial Corp. has a 1 year low of $60.28 and a 1 year high of $60.28. The firm has a market capitalization of $621.92 million, a P/E ratio of 15.92 and a beta of 0.87.
First Defiance Financial (NASDAQ:FDEF) last posted its earnings results on Monday, April 16th. The savings and loans company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.16. First Defiance Financial had a net margin of 25.37% and a return on equity of 10.53%. The firm had revenue of $36.39 million during the quarter, compared to analysts’ expectations of $35.35 million. equities research analysts forecast that First Defiance Financial Corp. will post 4.29 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 25th. Investors of record on Friday, May 18th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Thursday, May 17th. First Defiance Financial’s dividend payout ratio is currently 34.19%.
In related news, insider Gregory R. Allen sold 2,193 shares of the business’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $56.56, for a total value of $124,036.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Donald P. Hileman sold 500 shares of the business’s stock in a transaction on Monday, April 23rd. The shares were sold at an average price of $61.35, for a total transaction of $30,675.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,193 shares of company stock valued at $602,127. Company insiders own 3.14% of the company’s stock.
Several brokerages have commented on FDEF. BidaskClub cut shares of First Defiance Financial from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 12th. ValuEngine cut shares of First Defiance Financial from a “buy” rating to a “hold” rating in a research note on Monday, May 7th. Zacks Investment Research cut shares of First Defiance Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 13th. Finally, Sandler O’Neill reiterated a “buy” rating and issued a $64.00 target price on shares of First Defiance Financial in a research note on Tuesday, January 23rd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $62.00.
First Defiance Financial Company Profile
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, and certificates of deposit, as well as Certificate of Deposit Account Registry Service; and consumer finance, 1-4 family residential real estate, commercial real estate, construction, consumer, commercial, and home equity and improvement loans.
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