First Defiance Financial (FDEF) Stake Increased by Dimensional Fund Advisors LP

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Dimensional Fund Advisors LP lifted its stake in shares of First Defiance Financial (NASDAQ:FDEF) by 3.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 828,521 shares of the savings and loans company’s stock after buying an additional 24,207 shares during the quarter. Dimensional Fund Advisors LP owned about 8.12% of First Defiance Financial worth $47,491,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Schwab Charles Investment Management Inc. lifted its position in shares of First Defiance Financial by 5.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 19,822 shares of the savings and loans company’s stock worth $1,031,000 after buying an additional 1,040 shares during the last quarter. Handelsbanken Fonder AB purchased a new stake in shares of First Defiance Financial during the 4th quarter worth approximately $208,000. Allianz Asset Management GmbH lifted its position in shares of First Defiance Financial by 2.6% during the 4th quarter. Allianz Asset Management GmbH now owns 54,347 shares of the savings and loans company’s stock worth $2,824,000 after buying an additional 1,372 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of First Defiance Financial by 7.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 45,219 shares of the savings and loans company’s stock worth $2,350,000 after buying an additional 3,074 shares during the last quarter. Finally, Millennium Management LLC raised its position in First Defiance Financial by 2.0% in the 4th quarter. Millennium Management LLC now owns 130,720 shares of the savings and loans company’s stock valued at $6,794,000 after purchasing an additional 2,563 shares during the last quarter. Institutional investors and hedge funds own 65.08% of the company’s stock.

FDEF has been the subject of several research reports. BidaskClub downgraded shares of First Defiance Financial from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 12th. ValuEngine downgraded shares of First Defiance Financial from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Finally, Zacks Investment Research downgraded shares of First Defiance Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $62.00.

FDEF stock opened at $62.90 on Thursday. First Defiance Financial has a 12 month low of $47.01 and a 12 month high of $64.83. The firm has a market capitalization of $647.92 million, a P/E ratio of 17.92 and a beta of 0.89. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.28.

First Defiance Financial shares are set to split on Friday, July 13th. The 2-1 split was announced on Friday, June 22nd. The newly issued shares will be distributed to shareholders after the market closes on Thursday, July 12th.

First Defiance Financial (NASDAQ:FDEF) last released its quarterly earnings results on Monday, April 16th. The savings and loans company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.99 by $0.16. First Defiance Financial had a net margin of 25.37% and a return on equity of 10.53%. The firm had revenue of $36.39 million during the quarter, compared to the consensus estimate of $35.35 million. equities research analysts forecast that First Defiance Financial will post 4.29 earnings per share for the current fiscal year.

In other First Defiance Financial news, Director Robert E. Beach sold 6,300 shares of the company’s stock in a transaction on Wednesday, April 25th. The shares were sold at an average price of $60.03, for a total transaction of $378,189.00. Following the completion of the transaction, the director now owns 43,392 shares in the company, valued at approximately $2,604,821.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Donald P. Hileman sold 500 shares of the company’s stock in a transaction on Monday, April 23rd. The stock was sold at an average price of $61.35, for a total transaction of $30,675.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,000 shares of company stock valued at $483,985. 3.14% of the stock is owned by insiders.

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.

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

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