Rhumbline Advisers raised its position in First Defiance Financial (NASDAQ:FDEF) by 46.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,975 shares of the savings and loans company’s stock after acquiring an additional 9,205 shares during the quarter. Rhumbline Advisers owned 0.14% of First Defiance Financial worth $710,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. New York State Teachers Retirement System bought a new stake in shares of First Defiance Financial during the fourth quarter valued at about $44,000. IFP Advisors Inc bought a new stake in shares of First Defiance Financial during the fourth quarter valued at about $104,000. Bank of Montreal Can raised its stake in shares of First Defiance Financial by 12.3% during the fourth quarter. Bank of Montreal Can now owns 51,627 shares of the savings and loans company’s stock valued at $1,266,000 after purchasing an additional 5,661 shares in the last quarter. Bowling Portfolio Management LLC bought a new stake in shares of First Defiance Financial during the fourth quarter valued at about $1,287,000. Finally, Legal & General Group Plc raised its stake in shares of First Defiance Financial by 100.0% during the third quarter. Legal & General Group Plc now owns 3,312 shares of the savings and loans company’s stock valued at $100,000 after purchasing an additional 1,656 shares in the last quarter. 63.33% of the stock is owned by institutional investors.

FDEF has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of First Defiance Financial from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 22nd. Keefe, Bruyette & Woods upgraded shares of First Defiance Financial from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $32.00 to $33.00 in a research note on Monday, December 17th. Zacks Investment Research lowered First Defiance Financial from a “buy” rating to a “hold” rating in a report on Tuesday, December 18th. Finally, ValuEngine raised First Defiance Financial from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 2nd. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $33.33.

In related news, CEO Donald P. Hileman sold 1,000 shares of First Defiance Financial stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $29.35, for a total transaction of $29,350.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark Andrew Robison bought 887 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were purchased at an average cost of $30.04 per share, for a total transaction of $26,645.48. The disclosure for this purchase can be found here. 3.14% of the stock is owned by insiders.

NASDAQ:FDEF opened at $30.37 on Friday. The stock has a market cap of $609.44 million, a P/E ratio of 13.62 and a beta of 1.01. First Defiance Financial has a 52-week low of $22.78 and a 52-week high of $35.00. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.30.

First Defiance Financial (NASDAQ:FDEF) last released its earnings results on Monday, January 21st. The savings and loans company reported $0.56 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.56. The firm had revenue of $36.86 million for the quarter, compared to analyst estimates of $37.40 million. First Defiance Financial had a return on equity of 11.70% and a net margin of 28.21%. Sell-side analysts anticipate that First Defiance Financial will post 2.32 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, February 22nd. Investors of record on Friday, February 15th were issued a dividend of $0.19 per share. This is a positive change from First Defiance Financial’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend was Thursday, February 14th. First Defiance Financial’s payout ratio is presently 34.08%.

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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.

Read More: Book Value Per Share – BVPS

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

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