3,287 Shares in First Defiance Financial (FDEF) Purchased by Peloton Wealth Strategists

Peloton Wealth Strategists purchased a new position in shares of First Defiance Financial (NASDAQ:FDEF) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,287 shares of the savings and loans company’s stock, valued at approximately $220,000.

Other large investors have also modified their holdings of the company. Thrivent Financial for Lutherans increased its stake in shares of First Defiance Financial by 66.9% during the first quarter. Thrivent Financial for Lutherans now owns 103,354 shares of the savings and loans company’s stock worth $5,925,000 after buying an additional 41,432 shares during the period. Northern Trust Corp boosted its holdings in First Defiance Financial by 0.6% in the first quarter. Northern Trust Corp now owns 165,728 shares of the savings and loans company’s stock valued at $9,500,000 after purchasing an additional 924 shares in the last quarter. BlackRock Inc. boosted its holdings in First Defiance Financial by 0.3% in the first quarter. BlackRock Inc. now owns 1,174,804 shares of the savings and loans company’s stock valued at $67,340,000 after purchasing an additional 3,840 shares in the last quarter. Federated Investors Inc. PA boosted its holdings in First Defiance Financial by 17.1% in the first quarter. Federated Investors Inc. PA now owns 159,137 shares of the savings and loans company’s stock valued at $9,122,000 after purchasing an additional 23,242 shares in the last quarter. Finally, California Public Employees Retirement System boosted its holdings in First Defiance Financial by 5.4% in the first quarter. California Public Employees Retirement System now owns 37,251 shares of the savings and loans company’s stock valued at $2,135,000 after purchasing an additional 1,899 shares in the last quarter. Institutional investors own 33.23% of the company’s stock.

Shares of NASDAQ FDEF opened at $31.39 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.00 and a quick ratio of 0.99. First Defiance Financial has a 1-year low of $24.31 and a 1-year high of $35.00. The firm has a market cap of $640.39 million, a P/E ratio of 17.94 and a beta of 0.69.

First Defiance Financial (NASDAQ:FDEF) last issued its quarterly earnings results on Monday, July 16th. The savings and loans company reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.03. First Defiance Financial had a return on equity of 11.09% and a net margin of 26.66%. The firm had revenue of $36.76 million during the quarter, compared to the consensus estimate of $36.60 million. sell-side analysts predict that First Defiance Financial will post 2.21 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 24th. Investors of record on Friday, August 17th were issued a dividend of $0.17 per share. The ex-dividend date was Thursday, August 16th. This is an increase from First Defiance Financial’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 2.17%. First Defiance Financial’s dividend payout ratio (DPR) is currently 38.86%.

Several research firms have recently weighed in on FDEF. Zacks Investment Research raised First Defiance Financial from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Friday, June 29th. ValuEngine raised First Defiance Financial from a “hold” rating to a “buy” rating in a report on Saturday, May 26th. BidaskClub downgraded First Defiance Financial from a “buy” rating to a “hold” rating in a report on Wednesday, August 29th. Finally, Sandler O’Neill downgraded First Defiance Financial from a “buy” rating to a “hold” rating and set a $35.00 price target for the company. in a report on Tuesday, July 10th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. First Defiance Financial has a consensus rating of “Hold” and an average price target of $33.67.

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, 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.

Featured Story: Average Daily Trade Volume Explained

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

Receive News & Ratings for First Defiance Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Defiance Financial and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply