Prudential Financial Inc. grew its position in First Defiance Financial Corp. (NASDAQ:FDEF) by 9.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 106,660 shares of the savings and loans company’s stock after acquiring an additional 8,810 shares during the quarter. Prudential Financial Inc. owned about 1.05% of First Defiance Financial Corp. worth $5,619,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Legal & General Group Plc raised its stake in shares of 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 acquiring an additional 23 shares during the period. First Quadrant L P CA raised its stake in shares of First Defiance Financial Corp. by 78.5% in the second quarter. First Quadrant L P CA now owns 2,644 shares of the savings and loans company’s stock valued at $139,000 after acquiring an additional 1,163 shares during the period. American International Group Inc. raised its stake in shares of 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 acquiring an additional 352 shares during the period. Acadian Asset Management LLC raised its stake in shares of First Defiance Financial Corp. by 3.7% in the second quarter. Acadian Asset Management LLC now owns 5,657 shares of the savings and loans company’s stock valued at $298,000 after acquiring an additional 201 shares during the period. Finally, Karp Capital Management Corp purchased a new stake in shares of First Defiance Financial Corp. in the first quarter valued at $299,000. 63.89% of the stock is currently owned by institutional investors and hedge funds.

First Defiance Financial Corp. (NASDAQ:FDEF) opened at 48.77 on Monday. The stock has a market cap of $495.02 million, a P/E ratio of 16.48 and a beta of 0.91. First Defiance Financial Corp. has a 1-year low of $36.91 and a 1-year high of $56.90. The company has a 50-day moving average of $49.15 and a 200 day moving average of $51.38.

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

The business also recently announced a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, August 18th were given a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $1.00 dividend on an annualized basis and a yield of 2.05%. First Defiance Financial Corp.’s payout ratio is currently 33.90%.

Several equities research analysts have recently weighed in on FDEF shares. Sandler O’Neill raised shares of First Defiance Financial Corp. from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research note on Wednesday, July 19th. Zacks Investment Research downgraded shares of First Defiance Financial Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $51.00 price target on shares of First Defiance Financial Corp. in a research note on Wednesday, May 24th. ValuEngine downgraded shares of First Defiance Financial Corp. from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, BidaskClub downgraded shares of First Defiance Financial Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $55.33.

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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).

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

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