IndexIQ Advisors LLC raised its stake in First Defiance Financial Corp. (NASDAQ:FDEF) by 83.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,508 shares of the savings and loans company’s stock after buying an additional 7,944 shares during the period. IndexIQ Advisors LLC owned about 0.17% of First Defiance Financial Corp. worth $919,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in shares of First Defiance Financial Corp. by 2.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 780,534 shares of the savings and loans company’s stock valued at $41,119,000 after purchasing an additional 21,947 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of First Defiance Financial Corp. by 2.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 425,337 shares of the savings and loans company’s stock valued at $22,406,000 after purchasing an additional 11,000 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of First Defiance Financial Corp. by 14.4% during the 2nd quarter. Vanguard Group Inc. now owns 403,802 shares of the savings and loans company’s stock valued at $21,272,000 after purchasing an additional 50,760 shares in the last quarter. LSV Asset Management boosted its position in shares of First Defiance Financial Corp. by 6.9% during the 2nd quarter. LSV Asset Management now owns 239,647 shares of the savings and loans company’s stock valued at $12,624,000 after purchasing an additional 15,566 shares in the last quarter. Finally, State Street Corp raised its stake in First Defiance Financial Corp. by 14.2% during the 2nd quarter. State Street Corp now owns 177,102 shares of the savings and loans company’s stock worth $9,332,000 after buying an additional 22,079 shares during the period. Hedge funds and other institutional investors own 63.31% of the company’s stock.

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Shares of First Defiance Financial Corp. (FDEF) opened at $51.62 on Friday. The company has a market capitalization of $524.25, a P/E ratio of 15.36 and a beta of 0.94. First Defiance Financial Corp. has a 52 week low of $41.29 and a 52 week high of $56.91. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.41.

First Defiance Financial Corp. (NASDAQ:FDEF) last issued its quarterly earnings data on Monday, October 16th. The savings and loans company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.87 by $0.05. The firm had revenue of $34.50 million during the quarter, compared to the consensus estimate of $34.85 million. First Defiance Financial Corp. had a return on equity of 9.74% and a net margin of 21.47%. equities research analysts predict that First Defiance Financial Corp. will post 3.45 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Friday, November 10th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Thursday, November 9th. First Defiance Financial Corp.’s dividend payout ratio (DPR) is presently 32.36%.

A number of research analysts recently weighed in on FDEF shares. Sandler O’Neill raised First Defiance Financial Corp. from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Wednesday, July 19th. Zacks Investment Research downgraded First Defiance Financial Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th. BidaskClub downgraded First Defiance Financial Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. ValuEngine downgraded First Defiance Financial Corp. from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $54.00 price target on shares of First Defiance Financial Corp. in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. First Defiance Financial Corp. currently has an average rating of “Hold” and an average price target of $57.67.

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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