Bank of America Corp DE Purchases 1,741 Shares of First Defiance Financial Corp. (FDEF)

Bank of America Corp DE raised its stake in shares of First Defiance Financial Corp. (NASDAQ:FDEF) by 1.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 156,170 shares of the savings and loans company’s stock after buying an additional 1,741 shares during the period. Bank of America Corp DE owned 1.54% of First Defiance Financial Corp. worth $7,732,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Legal & General Group Plc increased its stake in shares of First Defiance Financial Corp. by 1.0% in the first quarter. Legal & General Group Plc now owns 2,400 shares of the savings and loans company’s stock valued at $119,000 after buying an additional 23 shares in the last quarter. American International Group Inc. increased its stake in shares of First Defiance Financial Corp. by 7.0% in the first quarter. American International Group Inc. now owns 5,415 shares of the savings and loans company’s stock valued at $268,000 after buying an additional 352 shares in the last quarter. Karp Capital Management Corp acquired a new stake in shares of First Defiance Financial Corp. during the first quarter valued at about $299,000. Highbridge Capital Management LLC acquired a new stake in shares of First Defiance Financial Corp. during the fourth quarter valued at about $349,000. Finally, Spark Investment Management LLC purchased a new stake in First Defiance Financial Corp. during the first quarter worth $366,000. 62.87% of the stock is owned by institutional investors and hedge funds.

First Defiance Financial Corp. (FDEF) opened at 48.19 on Friday. The company has a 50-day moving average price of $51.89 and a 200-day moving average price of $51.49. The firm has a market cap of $489.13 million, a P/E ratio of 16.28 and a beta of 0.90. First Defiance Financial Corp. has a 1-year low of $36.91 and a 1-year high of $56.90.

First Defiance Financial Corp. (NASDAQ:FDEF) last released its quarterly earnings results on Monday, July 17th. The savings and loans company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.84 by $0.02. First Defiance Financial Corp. had a net margin of 20.85% and a return on equity of 9.35%. The business had revenue of $34.77 million during the quarter, compared to analysts’ expectations of $33.88 million. On average, equities research analysts forecast that First Defiance Financial Corp. will post $3.14 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, August 18th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $1.00 annualized dividend and a dividend yield of 2.08%. First Defiance Financial Corp.’s payout ratio is currently 33.90%.

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A number of research firms have recently weighed in on FDEF. Zacks Investment Research downgraded First Defiance Financial Corp. from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. BidaskClub downgraded First Defiance Financial Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Sandler O’Neill raised First Defiance Financial Corp. from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Wednesday, July 19th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $51.00 price target on shares of First Defiance Financial Corp. in a research note on Wednesday, June 28th.

First Defiance Financial Corp. 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).

Institutional Ownership by Quarter for First Defiance Financial Corp. (NASDAQ:FDEF)

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