Citadel Advisors LLC Acquires New Stake in First Defiance Financial (FDEF)
Citadel Advisors LLC acquired 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 and Exchange Commission (SEC). The institutional investor acquired 14,736 shares of the savings and loans company’s stock, valued at approximately $774,000. Citadel Advisors LLC owned 0.15% of First Defiance Financial as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Legal & General Group Plc raised its stake in First Defiance Financial by 1.0% during the first quarter. Legal & General Group Plc now owns 2,400 shares of the savings and loans company’s stock worth $119,000 after acquiring an additional 23 shares in the last quarter. Acadian Asset Management LLC raised its stake in First Defiance Financial by 3.7% during the second quarter. Acadian Asset Management LLC now owns 5,657 shares of the savings and loans company’s stock worth $298,000 after acquiring an additional 201 shares in the last quarter. Macquarie Group Ltd. acquired a new position in First Defiance Financial during the third quarter worth about $301,000. Alliancebernstein L.P. acquired a new position in First Defiance Financial during the second quarter worth about $327,000. Finally, Aperio Group LLC raised its stake in First Defiance Financial by 4.9% during the second quarter. Aperio Group LLC now owns 6,328 shares of the savings and loans company’s stock worth $333,000 after acquiring an additional 294 shares in the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.
Several research analysts have commented on the company. ValuEngine raised First Defiance Financial from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $54.00 target price on shares of First Defiance Financial in a research note on Thursday, October 19th. Finally, Zacks Investment Research raised First Defiance Financial from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research note on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $57.67.
First Defiance Financial (NASDAQ:FDEF) last released its quarterly earnings data on Monday, October 16th. The savings and loans company reported $0.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.05. First Defiance Financial had a return on equity of 9.51% and a net margin of 21.47%. The company had revenue of $34.50 million during the quarter, compared to the consensus estimate of $34.85 million. analysts expect that First Defiance Financial will post 3.45 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Friday, November 10th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Thursday, November 9th. First Defiance Financial’s dividend payout ratio is currently 32.36%.
In other First Defiance Financial news, Director Robert E. Beach sold 4,000 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $55.67, for a total transaction of $222,680.00. Following the completion of the sale, the director now owns 49,692 shares of the company’s stock, valued at approximately $2,766,353.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gregory R. Allen sold 1,000 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $54.55, for a total transaction of $54,550.00. The disclosure for this sale can be found here. Insiders sold 9,074 shares of company stock valued at $496,139 in the last ninety days. 3.40% of the stock is currently owned by insiders.
First Defiance Financial 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).
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