First Defiance Financial (FDEF) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lessened its stake in First Defiance Financial (NASDAQ:FDEF) by 4.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 67,451 shares of the savings and loans company’s stock after selling 2,831 shares during the quarter. California Public Employees Retirement System owned 0.33% of First Defiance Financial worth $1,653,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in FDEF. Acadian Asset Management LLC lifted its position in shares of First Defiance Financial by 20.3% in the fourth quarter. Acadian Asset Management LLC now owns 13,024 shares of the savings and loans company’s stock valued at $320,000 after acquiring an additional 2,196 shares in the last quarter. Ramsey Quantitative Systems lifted its position in shares of First Defiance Financial by 14.1% in the fourth quarter. Ramsey Quantitative Systems now owns 4,170 shares of the savings and loans company’s stock valued at $102,000 after acquiring an additional 516 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of First Defiance Financial by 16.4% in the fourth quarter. Victory Capital Management Inc. now owns 49,300 shares of the savings and loans company’s stock valued at $1,208,000 after acquiring an additional 6,950 shares in the last quarter. Rhumbline Advisers lifted its position in shares of First Defiance Financial by 46.6% in the fourth quarter. Rhumbline Advisers now owns 28,975 shares of the savings and loans company’s stock valued at $710,000 after acquiring an additional 9,205 shares in the last quarter. Finally, New York State Teachers Retirement System purchased a new stake in shares of First Defiance Financial in the fourth quarter valued at $44,000. Institutional investors and hedge funds own 64.40% of the company’s stock.

NASDAQ:FDEF traded down $0.29 on Friday, hitting $28.90. 32,981 shares of the stock were exchanged, compared to its average volume of 39,857. The firm has a market capitalization of $579.94 million, a PE ratio of 12.96 and a beta of 0.99. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.00 and a quick ratio of 1.00. First Defiance Financial has a fifty-two week low of $22.78 and a fifty-two week high of $35.00.

First Defiance Financial (NASDAQ:FDEF) last announced its quarterly earnings results on Monday, January 21st. The savings and loans company reported $0.56 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.56. The company had revenue of $36.86 million during 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%. As a group, research analysts anticipate that First Defiance Financial will post 2.34 earnings per share for the current year.

In other First Defiance Financial news, CEO Donald P. Hileman sold 1,000 shares of the company’s 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark Andrew Robison purchased 887 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were purchased at an average price of $30.04 per share, with a total value of $26,645.48. The disclosure for this purchase can be found here. Corporate insiders own 2.36% of the company’s stock.

Several research firms recently weighed in on FDEF. ValuEngine upgraded First Defiance Financial from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 2nd. Zacks Investment Research upgraded First Defiance Financial from a “hold” rating to a “strong-buy” rating and set a $32.00 target price on the stock in a research report on Thursday, January 24th. Finally, BidaskClub upgraded First Defiance Financial from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $33.67.

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First Defiance Financial Profile

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, demand deposits, and certificates of deposits, as well as certificate of deposit account registry service; and commercial real estate, commercial, consumer finance, 1-4 family residential real estate, construction, and home equity and improvement loans.

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

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