Millennium Management LLC Sells 66,580 Shares of First Defiance Financial (FDEF)
Millennium Management LLC lessened its holdings in First Defiance Financial (NASDAQ:FDEF) by 55.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 54,050 shares of the savings and loans company’s stock after selling 66,580 shares during the quarter. Millennium Management LLC’s holdings in First Defiance Financial were worth $3,625,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in FDEF. SG Americas Securities LLC purchased a new stake in shares of First Defiance Financial in the second quarter valued at about $140,000. Buckley Wealth Management LLC purchased a new stake in shares of First Defiance Financial in the second quarter valued at about $220,000. Private Harbour Investment Management & Counsel LLC purchased a new stake in shares of First Defiance Financial in the second quarter valued at about $230,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of First Defiance Financial in the second quarter valued at about $324,000. Finally, Handelsbanken Fonder AB lifted its holdings in shares of First Defiance Financial by 100.0% in the first quarter. Handelsbanken Fonder AB now owns 8,000 shares of the savings and loans company’s stock valued at $459,000 after purchasing an additional 4,000 shares in the last quarter. 33.23% of the stock is currently owned by institutional investors.
Shares of FDEF opened at $26.83 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.31. The company has a market cap of $573.06 million, a P/E ratio of 15.33 and a beta of 0.73. First Defiance Financial has a 1 year low of $25.14 and a 1 year high of $35.00.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 16th. Investors of record on Friday, November 9th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Thursday, November 8th. First Defiance Financial’s payout ratio is 38.86%.
Several analysts have issued reports on the stock. Zacks Investment Research raised shares of First Defiance Financial from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Friday, June 29th. BidaskClub downgraded shares of First Defiance Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, September 4th. Sandler O’Neill downgraded shares of First Defiance Financial from a “buy” rating to a “hold” rating and set a $35.00 price objective on the stock. in a research note on Tuesday, July 10th. Finally, ValuEngine raised shares of First Defiance Financial from a “hold” rating to a “buy” rating in a research note on Thursday, July 5th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $32.00.
First Defiance Financial Company Profile
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.
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