Budros Ruhlin & Roe Inc. purchased a new position in First Defiance Financial (NASDAQ:FDEF) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 28,441 shares of the savings and loans company’s stock, valued at approximately $1,478,000. First Defiance Financial comprises 0.4% of Budros Ruhlin & Roe Inc.’s investment portfolio, making the stock its 26th largest holding.
Several other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in First Defiance Financial during the fourth quarter valued at $119,000. Highbridge Capital Management LLC bought a new stake in First Defiance Financial during the third quarter valued at $226,000. OxFORD Asset Management LLP bought a new stake in First Defiance Financial during the third quarter valued at $273,000. Cigna Investments Inc. New bought a new stake in First Defiance Financial during the fourth quarter valued at $285,000. Finally, Macquarie Group Ltd. bought a new stake in First Defiance Financial during the third quarter valued at $301,000. 65.19% of the stock is owned by hedge funds and other institutional investors.
In other First Defiance Financial news, insider Gregory R. Allen sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $54.55, for a total transaction of $54,550.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen L. Boomer sold 755 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $53.22, for a total value of $40,181.10. Following the sale, the director now owns 12,809 shares in the company, valued at approximately $681,694.98. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.
First Defiance Financial (NASDAQ:FDEF) last released its quarterly earnings results on Monday, January 22nd. The savings and loans company reported $0.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.05. First Defiance Financial had a return on equity of 9.67% and a net margin of 21.77%. The business had revenue of $35.28 million for the quarter, compared to the consensus estimate of $35.00 million. equities research analysts forecast that First Defiance Financial will post 4.07 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Tuesday, February 6th were given a dividend of $0.30 per share. This is an increase from First Defiance Financial’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, February 5th. This represents a $1.20 dividend on an annualized basis and a yield of 2.26%. First Defiance Financial’s dividend payout ratio (DPR) is presently 37.50%.
Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods reissued a “hold” rating and set a $60.00 price objective on shares of First Defiance Financial in a research note on Friday, December 22nd. Sandler O’Neill reissued a “buy” rating and set a $64.00 price objective on shares of First Defiance Financial in a research note on Tuesday, January 23rd. Zacks Investment Research lowered First Defiance Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. BidaskClub raised First Defiance Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, January 30th. Finally, ValuEngine lowered First Defiance Financial from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. First Defiance Financial has a consensus rating of “Hold” and an average target price of $61.33.
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).
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