Morgan Stanley decreased its stake in shares of First Defiance Financial Corp. (NASDAQ:FDEF) by 24.7% during the first quarter, Holdings Channel reports. The fund owned 91,513 shares of the savings and loans company’s stock after selling 30,004 shares during the period. Morgan Stanley’s holdings in First Defiance Financial Corp. were worth $4,531,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Legal & General Group Plc raised its stake in 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 during the last quarter. American International Group Inc. raised its stake in 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 during the last quarter. TIAA CREF Investment Management LLC raised its stake in First Defiance Financial Corp. by 1.4% in the first quarter. TIAA CREF Investment Management LLC now owns 31,519 shares of the savings and loans company’s stock valued at $1,561,000 after buying an additional 431 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in First Defiance Financial Corp. by 3.8% in the first quarter. Parametric Portfolio Associates LLC now owns 12,287 shares of the savings and loans company’s stock valued at $608,000 after buying an additional 453 shares during the last quarter. Finally, Teachers Advisors LLC raised its stake in 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 last quarter. Institutional investors and hedge funds own 62.87% of the company’s stock.

First Defiance Financial Corp. (NASDAQ FDEF) traded up 0.14% during mid-day trading on Friday, reaching $49.77. 5,759 shares of the company’s stock traded hands. The firm has a market cap of $505.17 million, a price-to-earnings ratio of 16.81 and a beta of 0.90. First Defiance Financial Corp. has a one year low of $36.91 and a one year high of $56.90. The firm’s 50-day moving average price is $52.00 and its 200 day moving average price is $51.48.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 18th will be issued a $0.25 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.01%. First Defiance Financial Corp.’s dividend payout ratio (DPR) is presently 33.90%.

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Several analysts have issued reports on the stock. Sandler O’Neill upgraded shares of First Defiance Financial Corp. from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Wednesday, July 19th. Keefe, Bruyette & Woods restated a “hold” rating and set a $51.00 price target on shares of First Defiance Financial Corp. in a research report on Wednesday, June 28th. BidaskClub lowered shares of First Defiance Financial Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research lowered shares of First Defiance Financial Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th.

About First Defiance Financial Corp.

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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