First Defiance Financial Corp. (FDEF) Stake Lessened by Seizert Capital Partners LLC

Seizert Capital Partners LLC decreased its holdings in First Defiance Financial Corp. (NASDAQ:FDEF) by 10.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 51,305 shares of the savings and loans company’s stock after selling 6,144 shares during the quarter. Seizert Capital Partners LLC owned 0.51% of First Defiance Financial Corp. worth $2,693,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Legal & General Group Plc boosted its stake in First Defiance Financial Corp. by 1.0% during 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 buying an additional 23 shares in the last quarter. First Quadrant L P CA lifted its holdings in shares of First Defiance Financial Corp. by 78.5% during 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 purchasing an additional 1,163 shares during the last quarter. American International Group Inc. lifted its holdings in shares of First Defiance Financial Corp. by 7.0% during 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 purchasing an additional 352 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of First Defiance Financial Corp. by 3.7% during 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 purchasing an additional 201 shares during the last quarter. Finally, Alliancebernstein L.P. purchased a new stake in shares of First Defiance Financial Corp. during the second quarter valued at $327,000. 63.33% of the stock is owned by institutional investors and hedge funds.

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

Shares of First Defiance Financial Corp. (NASDAQ FDEF) traded down $0.25 during midday trading on Friday, hitting $53.94. The stock had a trading volume of 18,780 shares, compared to its average volume of 28,343. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $557.29 million, a PE ratio of 16.34 and a beta of 0.94.

First Defiance Financial Corp. (NASDAQ:FDEF) last released its quarterly earnings results on Monday, October 16th. The savings and loans company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.05. The business 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%. sell-side analysts expect that First Defiance Financial Corp. will post 3.45 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Friday, November 10th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, November 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.85%. First Defiance Financial Corp.’s dividend payout ratio (DPR) is currently 32.36%.

About First Defiance Financial Corp.

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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