California Public Employees Retirement System Reduces Stake in First Defiance Financial (FDEF)

California Public Employees Retirement System trimmed its holdings in First Defiance Financial (NASDAQ:FDEF) by 5.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 36,689 shares of the savings and loans company’s stock after selling 1,911 shares during the quarter. California Public Employees Retirement System owned 0.36% of First Defiance Financial worth $1,926,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in FDEF. Vanguard Group Inc. lifted its holdings in shares of First Defiance Financial by 14.4% in the 2nd quarter. Vanguard Group Inc. now owns 403,802 shares of the savings and loans company’s stock worth $21,272,000 after acquiring an additional 50,760 shares during the last quarter. Maltese Capital Management LLC lifted its holdings in shares of First Defiance Financial by 96.8% in the 3rd quarter. Maltese Capital Management LLC now owns 86,200 shares of the savings and loans company’s stock worth $4,525,000 after acquiring an additional 42,400 shares during the last quarter. Thrivent Financial For Lutherans purchased a new position in shares of First Defiance Financial in the second quarter worth $1,487,000. Northern Trust Corp increased its stake in shares of First Defiance Financial by 20.2% in the second quarter. Northern Trust Corp now owns 166,214 shares of the savings and loans company’s stock worth $8,756,000 after buying an additional 27,910 shares during the period. Finally, State Street Corp increased its stake in shares of First Defiance Financial by 14.2% in the second 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 64.74% of the company’s stock.

In related news, Director Mark Andrew Robison acquired 1,132 shares of First Defiance Financial stock in a transaction on Tuesday, February 6th. The shares were acquired at an average cost of $52.83 per share, with a total value of $59,803.56. Following the transaction, the director now owns 2,203 shares in the company, valued at $116,384.49. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert E. Beach sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $55.67, for a total transaction of $222,680.00. Following the transaction, the director now directly owns 49,692 shares in the company, valued at $2,766,353.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,074 shares of company stock worth $496,139. Insiders own 3.40% of the company’s stock.

Several research analysts recently commented on the stock. Sandler O’Neill reaffirmed a “buy” rating and issued a $64.00 target price on shares of First Defiance Financial in a research note on Tuesday, January 23rd. BidaskClub raised shares of First Defiance Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, January 30th. ValuEngine downgraded shares of First Defiance Financial from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $54.00 target price on shares of First Defiance Financial in a research note on Thursday, October 19th. Finally, Zacks Investment Research raised shares of First Defiance Financial from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research note on Wednesday, October 18th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $61.33.

Shares of First Defiance Financial (FDEF) traded up $1.33 during midday trading on Friday, hitting $53.84. 29,988 shares of the company traded hands, compared to its average volume of 31,915. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $546.85, a P/E ratio of 16.83 and a beta of 0.93. First Defiance Financial has a 12 month low of $46.71 and a 12 month high of $56.91.

First Defiance Financial (NASDAQ:FDEF) last issued its quarterly earnings data on Monday, January 22nd. The savings and loans company reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.05. The business had revenue of $35.28 million for the quarter, compared to the consensus estimate of $35.00 million. First Defiance Financial had a net margin of 21.77% and a return on equity of 9.67%. equities analysts predict that First Defiance Financial will post 4.07 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Tuesday, February 6th will be given a dividend of $0.30 per share. This is an increase from First Defiance Financial’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Monday, February 5th. First Defiance Financial’s payout ratio is presently 31.25%.

ILLEGAL ACTIVITY WARNING: “California Public Employees Retirement System Reduces Stake in First Defiance Financial (FDEF)” was originally reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this piece on another domain, it was illegally stolen and republished in violation of US and international copyright legislation. The original version of this piece can be accessed at https://stocknewstimes.com/2018/02/11/first-defiance-financial-fdef-shares-sold-by-california-public-employees-retirement-system.html.

First Defiance Financial 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 (NASDAQ:FDEF)

Receive News & Ratings for First Defiance Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Defiance Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply