Acadian Asset Management LLC grew its holdings in shares of First Defiance Financial (NASDAQ:FDEF) by 167.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,828 shares of the savings and loans company’s stock after buying an additional 6,774 shares during the quarter. Acadian Asset Management LLC’s holdings in First Defiance Financial were worth $327,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of First Defiance Financial in the 2nd quarter valued at about $140,000. Buckley Wealth Management LLC bought a new stake in shares of First Defiance Financial in the 2nd quarter valued at about $220,000. Peloton Wealth Strategists bought a new stake in shares of First Defiance Financial in the 2nd quarter valued at about $220,000. Private Harbour Investment Management & Counsel LLC bought a new stake in shares of First Defiance Financial in the 2nd quarter valued at about $230,000. Finally, Ramsey Quantitative Systems raised its holdings in shares of First Defiance Financial by 188.2% in the 3rd quarter. Ramsey Quantitative Systems now owns 3,654 shares of the savings and loans company’s stock valued at $110,000 after purchasing an additional 2,386 shares during the period. 54.78% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on FDEF shares. Zacks Investment Research cut shares of First Defiance Financial from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. BidaskClub lowered shares of First Defiance Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, August 29th. Two investment 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 presently has an average rating of “Hold” and an average target price of $32.00.

Shares of NASDAQ:FDEF opened at $27.18 on Wednesday. First Defiance Financial has a 12-month low of $25.49 and a 12-month high of $35.00. The company has a market cap of $560.03 million, a price-to-earnings ratio of 15.53 and a beta of 0.78. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.35.

First Defiance Financial (NASDAQ:FDEF) last announced its earnings results on Monday, October 15th. The savings and loans company reported $0.55 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.55. First Defiance Financial had a net margin of 27.15% and a return on equity of 11.40%. The firm had revenue of $37.45 million for the quarter, compared to analyst estimates of $37.50 million. Equities analysts expect that First Defiance Financial will post 2.23 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 16th. Shareholders of record on Friday, November 9th were given a dividend of $0.17 per share. The ex-dividend date was Thursday, November 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.50%. First Defiance Financial’s payout ratio is presently 38.86%.

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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.

Further Reading: What do investors mean by earnings per share?

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

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