21,850 Shares in First Defiance Financial (FDEF) Acquired by Bailard Inc.
Bailard Inc. bought a new position in shares of First Defiance Financial (NASDAQ:FDEF) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 21,850 shares of the savings and loans company’s stock, valued at approximately $658,000. Bailard Inc. owned 0.11% of First Defiance Financial at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in First Defiance Financial by 86.6% during the third quarter. BlackRock Inc. now owns 2,139,575 shares of the savings and loans company’s stock worth $64,422,000 after purchasing an additional 992,763 shares during the period. Dimensional Fund Advisors LP boosted its holdings in First Defiance Financial by 101.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,712,659 shares of the savings and loans company’s stock worth $51,568,000 after acquiring an additional 862,265 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in First Defiance Financial by 106.8% in the third quarter. Renaissance Technologies LLC now owns 810,405 shares of the savings and loans company’s stock worth $24,401,000 after acquiring an additional 418,605 shares in the last quarter. LSV Asset Management boosted its holdings in First Defiance Financial by 97.0% in the third quarter. LSV Asset Management now owns 465,794 shares of the savings and loans company’s stock worth $14,025,000 after acquiring an additional 229,347 shares in the last quarter. Finally, Prudential Financial Inc. boosted its holdings in First Defiance Financial by 99.6% in the third quarter. Prudential Financial Inc. now owns 220,212 shares of the savings and loans company’s stock worth $6,630,000 after acquiring an additional 109,863 shares in the last quarter. 64.90% of the stock is owned by institutional investors and hedge funds.
Several research analysts have issued reports on FDEF shares. BidaskClub lowered First Defiance Financial from a “sell” rating to a “strong sell” rating in a report on Thursday, September 27th. Zacks Investment Research upgraded First Defiance Financial from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Wednesday, October 17th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $32.00.
First Defiance Financial (NASDAQ:FDEF) last announced its quarterly earnings results on Monday, October 15th. The savings and loans company reported $0.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.55. The business had revenue of $37.45 million for the quarter, compared to analyst estimates of $37.50 million. First Defiance Financial had a return on equity of 11.40% and a net margin of 27.15%. Equities research analysts anticipate that First Defiance Financial will post 2.23 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, November 16th. Shareholders of record on Friday, November 9th were issued a $0.17 dividend. The ex-dividend date was Thursday, November 8th. This represents a $0.68 annualized dividend and a yield of 2.57%. First Defiance Financial’s payout ratio is currently 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.
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