Seizert Capital Partners LLC bought a new stake in shares of First Defiance Financial (NASDAQ:FDEF) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 37,003 shares of the savings and loans company’s stock, valued at approximately $1,832,000. Seizert Capital Partners LLC owned approximately 0.36% of First Defiance Financial as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in FDEF. The Manufacturers Life Insurance Company bought a new stake in shares of First Defiance Financial during the third quarter valued at approximately $13,819,000. LSV Asset Management increased its stake in shares of 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 in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of First Defiance Financial during the fourth quarter valued at approximately $1,446,000. Federated Investors Inc. PA increased its stake in shares of 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 in the last quarter. Finally, Siena Capital Management LLC bought a new stake in shares of First Defiance Financial during the fourth quarter valued at approximately $1,361,000. 67.55% of the stock is owned by institutional investors and hedge funds.
Shares of First Defiance Financial (NASDAQ:FDEF) traded down 1.02% during midday trading on Friday, hitting $52.16. The stock had a trading volume of 56,150 shares. The firm has a market capitalization of $529.16 million, a PE ratio of 17.80 and a beta of 0.95. The firm’s 50-day moving average price is $52.83 and its 200-day moving average price is $49.21. First Defiance Financial has a one year low of $35.90 and a one year high of $56.20.
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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. First Defiance Financial had a return on equity of 10.04% and a net margin of 23.67%. The firm had revenue of $32.19 million during the quarter, compared to analysts’ expectations of $31.79 million. On average, equities analysts predict that First Defiance Financial will post $3.42 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 26th. Shareholders of record on Friday, May 19th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $1.00 dividend on an annualized basis and a yield of 1.90%. First Defiance Financial’s payout ratio is 27.76%.
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Several equities research analysts have recently commented on the company. Keefe, Bruyette & Woods set a $51.00 target price on First Defiance Financial and gave the company a “hold” rating in a report on Tuesday, April 18th. 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 business’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $54.23, for a total value of $117,516.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.20% of the stock is currently owned by insiders.
First Defiance Financial 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).
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