Peloton Wealth Strategists Acquires New Stake in First Defiance Financial (FDEF)
Peloton Wealth Strategists purchased a new stake in First Defiance Financial (NASDAQ:FDEF) in the second quarter, HoldingsChannel.com reports. The firm purchased 3,287 shares of the savings and loans company’s stock, valued at approximately $220,000.
Several other hedge funds have also recently made changes to their positions in the company. Zacks Investment Management acquired a new stake in shares of First Defiance Financial during the second quarter valued at $2,064,000. Dynamic Technology Lab Private Ltd purchased a new stake in First Defiance Financial during the 2nd quarter worth approximately $324,000. Renaissance Technologies LLC increased its holdings in First Defiance Financial by 8.3% during the 2nd quarter. Renaissance Technologies LLC now owns 391,800 shares of the savings and loans company’s stock worth $26,274,000 after purchasing an additional 30,100 shares during the last quarter. United Services Automobile Association increased its holdings in First Defiance Financial by 63.6% during the 2nd quarter. United Services Automobile Association now owns 27,783 shares of the savings and loans company’s stock worth $1,863,000 after purchasing an additional 10,800 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in First Defiance Financial by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 850,394 shares of the savings and loans company’s stock worth $57,026,000 after purchasing an additional 21,873 shares during the last quarter. Institutional investors and hedge funds own 33.23% of the company’s stock.
Several equities research analysts have issued reports on the company. Zacks Investment Research upgraded First Defiance Financial from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Friday, June 29th. ValuEngine upgraded First Defiance Financial from a “hold” rating to a “buy” rating in a report on Saturday, May 26th. BidaskClub downgraded First Defiance Financial from a “buy” rating to a “hold” rating in a report on Wednesday, August 29th. Finally, Sandler O’Neill downgraded First Defiance Financial from a “buy” rating to a “hold” rating and set a $35.00 price target for the company. in a report on Tuesday, July 10th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $33.67.
First Defiance Financial (NASDAQ:FDEF) last issued its quarterly earnings results on Monday, July 16th. The savings and loans company reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.03. First Defiance Financial had a return on equity of 11.09% and a net margin of 26.66%. The business had revenue of $36.76 million during the quarter, compared to the consensus estimate of $36.60 million. equities analysts forecast that First Defiance Financial will post 2.21 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 24th. Investors of record on Friday, August 17th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, August 16th. This represents a $0.68 dividend on an annualized basis and a yield of 2.17%. This is a positive change from First Defiance Financial’s previous quarterly dividend of $0.15. First Defiance Financial’s payout ratio is currently 38.86%.
First Defiance Financial Company 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, 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.
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