Smithfield Trust Co. held its stake in shares of First Defiance Financial Corp. (NASDAQ:FDEF) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,320 shares of the savings and loans company’s stock at the end of the second quarter. Smithfield Trust Co.’s holdings in First Defiance Financial Corp. were worth $228,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. State Street Corp raised its stake in shares of First Defiance Financial Corp. by 13.2% in the fourth quarter. State Street Corp now owns 170,717 shares of the savings and loans company’s stock valued at $8,661,000 after buying an additional 19,894 shares during the period. Teachers Advisors LLC raised its stake in shares of First Defiance Financial Corp. by 3.7% in the fourth quarter. Teachers Advisors LLC now owns 13,688 shares of the savings and loans company’s stock valued at $695,000 after buying an additional 489 shares during the period. Highbridge Capital Management LLC acquired a new stake in shares of First Defiance Financial Corp. during the fourth quarter valued at $349,000. Wells Fargo & Company MN raised its stake in shares of First Defiance Financial Corp. by 8.6% in the first quarter. Wells Fargo & Company MN now owns 19,518 shares of the savings and loans company’s stock valued at $966,000 after buying an additional 1,538 shares during the period. Finally, LSV Asset Management raised its stake in shares of First Defiance Financial Corp. 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 during the period. Institutional investors and hedge funds own 62.87% of the company’s stock.

First Defiance Financial Corp. (NASDAQ FDEF) opened at 50.60 on Monday. The firm has a market capitalization of $513.54 million, a price-to-earnings ratio of 17.09 and a beta of 0.90. The firm has a 50-day moving average of $52.78 and a 200-day moving average of $51.43. First Defiance Financial Corp. has a 52-week low of $36.91 and a 52-week 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 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by $0.02. First Defiance Financial Corp. had a return on equity of 9.71% and a net margin of 20.85%. The business had revenue of $34.77 million for the quarter, compared to the consensus estimate 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. Investors of record on Friday, August 18th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Wednesday, August 16th. First Defiance Financial Corp.’s dividend payout ratio is 33.90%.

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FDEF has been the topic of several recent research reports. Keefe, Bruyette & Woods set a $50.00 target price on shares of First Defiance Financial Corp. and gave the company a “hold” rating in a research report on Monday, April 10th. Zacks Investment Research lowered shares of First Defiance Financial Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Sandler O’Neill initiated coverage on shares of First Defiance Financial Corp. in a research report on Wednesday, June 21st. They set a “hold” rating and a $56.00 target price on the stock. Finally, BidaskClub lowered shares of First Defiance Financial Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st.

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).

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

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