Ferris Capital LLC Invests $397,000 in First Defiance Financial (FDEF) Stock

Ferris Capital LLC purchased a new stake in First Defiance Financial (NASDAQ:FDEF) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 7,637 shares of the savings and loans company’s stock, valued at approximately $397,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its stake in First Defiance Financial by 0.9% in the third quarter. Dimensional Fund Advisors LP now owns 787,837 shares of the savings and loans company’s stock valued at $41,354,000 after buying an additional 7,303 shares in the last quarter. Vanguard Group Inc. lifted its stake in First Defiance Financial by 14.4% in the second quarter. Vanguard Group Inc. now owns 403,802 shares of the savings and loans company’s stock valued at $21,272,000 after buying an additional 50,760 shares in the last quarter. State Street Corp lifted its stake in First Defiance Financial by 14.2% in the second quarter. State Street Corp now owns 177,102 shares of the savings and loans company’s stock valued at $9,332,000 after buying an additional 22,079 shares in the last quarter. Northern Trust Corp lifted its stake in First Defiance Financial by 20.2% in the second quarter. Northern Trust Corp now owns 166,214 shares of the savings and loans company’s stock valued at $8,756,000 after buying an additional 27,910 shares in the last quarter. Finally, Maltese Capital Management LLC lifted its stake in First Defiance Financial by 45.0% in the fourth quarter. Maltese Capital Management LLC now owns 125,000 shares of the savings and loans company’s stock valued at $6,496,000 after buying an additional 38,800 shares in the last quarter. 65.19% of the stock is currently owned by hedge funds and other institutional investors.

Shares of First Defiance Financial (NASDAQ FDEF) opened at $53.58 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.40. The company has a market cap of $544.21, a price-to-earnings ratio of 15.35 and a beta of 0.93. First Defiance Financial has a 1 year low of $46.71 and a 1 year high of $56.91.

First Defiance Financial (NASDAQ:FDEF) last posted its quarterly earnings results on Monday, January 22nd. The savings and loans company reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.05. First Defiance Financial had a net margin of 21.77% and a return on equity of 9.67%. The firm had revenue of $35.28 million for the quarter, compared to analyst estimates of $35.00 million. research analysts forecast that First Defiance Financial will post 4.07 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Tuesday, February 6th will be given a dividend of $0.30 per share. This is a positive change from First Defiance Financial’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Monday, February 5th. First Defiance Financial’s dividend payout ratio is 37.50%.

In other First Defiance Financial news, Director Samuel S. Strausbaugh sold 3,319 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $53.85, for a total transaction of $178,728.15. Following the sale, the director now directly owns 8,856 shares of the company’s stock, valued at $476,895.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen L. Boomer sold 755 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $53.22, for a total transaction of $40,181.10. Following the sale, the director now directly owns 12,809 shares in the company, valued at $681,694.98. The disclosure for this sale can be found here. Insiders have sold 9,074 shares of company stock worth $496,139 over the last ninety days. Insiders own 3.40% of the company’s stock.

FDEF has been the topic of a number of research reports. Zacks Investment Research lowered shares of First Defiance Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $60.00 price objective on shares of First Defiance Financial in a research report on Friday, December 22nd. BidaskClub lowered shares of First Defiance Financial from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. ValuEngine lowered shares of First Defiance Financial from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Sandler O’Neill reissued a “buy” rating and issued a $64.00 price objective on shares of First Defiance Financial in a research report on Tuesday, January 23rd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $61.33.

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

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