Bank of New York Mellon Corp Has $3.80 Million Position in First Defiance Financial Corp. (NASDAQ:FDEF)

Bank of New York Mellon Corp boosted its holdings in shares of First Defiance Financial Corp. (NASDAQ:FDEF) by 18.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 72,101 shares of the savings and loans company’s stock after purchasing an additional 11,134 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.71% of First Defiance Financial Corp. worth $3,798,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in First Defiance Financial Corp. by 5.9% during the 1st quarter. Vanguard Group Inc. now owns 353,042 shares of the savings and loans company’s stock worth $17,479,000 after purchasing an additional 19,582 shares during the last quarter. Bank of America Corp DE grew its position in shares of First Defiance Financial Corp. by 1.1% in the 1st quarter. Bank of America Corp DE now owns 156,170 shares of the savings and loans company’s stock worth $7,732,000 after acquiring an additional 1,741 shares in the last quarter. Prudential Financial Inc. grew its position in shares of First Defiance Financial Corp. by 11.5% in the 1st quarter. Prudential Financial Inc. now owns 97,850 shares of the savings and loans company’s stock worth $4,845,000 after acquiring an additional 10,080 shares in the last quarter. AQR Capital Management LLC grew its position in shares of First Defiance Financial Corp. by 32.7% in the 1st quarter. AQR Capital Management LLC now owns 146,112 shares of the savings and loans company’s stock worth $7,234,000 after acquiring an additional 35,984 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of First Defiance Financial Corp. by 20.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 12,877 shares of the savings and loans company’s stock worth $638,000 after acquiring an additional 2,200 shares in the last quarter. Institutional investors own 63.90% of the company’s stock.

Shares of First Defiance Financial Corp. (FDEF) opened at 53.65 on Tuesday. The company has a market cap of $544.55 million, a P/E ratio of 18.12 and a beta of 0.92. First Defiance Financial Corp. has a 1-year low of $36.91 and a 1-year high of $56.90. The stock has a 50 day moving average price of $50.65 and a 200-day moving average price of $51.83.

First Defiance Financial Corp. (NASDAQ:FDEF) last announced its quarterly earnings data on Monday, July 17th. The savings and loans company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.02). First Defiance Financial Corp. had a net margin of 20.85% and a return on equity of 9.35%. The company had revenue of $34.77 million for the quarter, compared to analyst estimates of $33.88 million. Analysts predict that First Defiance Financial Corp. will post $3.14 earnings per share for the current fiscal year.

A number of research firms recently issued reports on FDEF. ValuEngine upgraded First Defiance Financial Corp. from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Sandler O’Neill upgraded First Defiance Financial Corp. from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Wednesday, July 19th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $51.00 price target on shares of First Defiance Financial Corp. in a research report on Wednesday, June 28th. BidaskClub lowered First Defiance Financial Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research lowered First Defiance Financial Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $54.50.

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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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