The Manufacturers Life Insurance Company Has $24.76 Million Holdings in First Defiance Financial (NASDAQ:FDEF)

The Manufacturers Life Insurance Company lowered its stake in shares of First Defiance Financial (NASDAQ:FDEF) by 0.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 861,530 shares of the savings and loans company’s stock after selling 567 shares during the period. The Manufacturers Life Insurance Company’s holdings in First Defiance Financial were worth $24,761,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Bessemer Group Inc. lifted its holdings in shares of First Defiance Financial by 52.1% during the 4th quarter. Bessemer Group Inc. now owns 43,200 shares of the savings and loans company’s stock valued at $1,059,000 after purchasing an additional 14,800 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in First Defiance Financial by 1.3% in the 4th quarter. Bank of New York Mellon Corp now owns 128,960 shares of the savings and loans company’s stock worth $3,161,000 after purchasing an additional 1,619 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of First Defiance Financial by 43.4% during the 4th quarter. New York State Common Retirement Fund now owns 34,998 shares of the savings and loans company’s stock valued at $858,000 after buying an additional 10,598 shares during the period. Acadian Asset Management LLC raised its position in 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 purchasing an additional 2,196 shares during the period. Finally, JPMorgan Chase & Co. raised its position in First Defiance Financial by 9.4% in the first quarter. JPMorgan Chase & Co. now owns 256,574 shares of the savings and loans company’s stock valued at $7,375,000 after purchasing an additional 22,125 shares during the period. Institutional investors own 63.94% of the company’s stock.

NASDAQ FDEF opened at $27.62 on Friday. The stock has a market cap of $545.85 million, a P/E ratio of 12.39 and a beta of 1.00. First Defiance Financial has a 52-week low of $22.78 and a 52-week high of $35.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.99 and a quick ratio of 0.98.

First Defiance Financial (NASDAQ:FDEF) last issued its earnings results on Monday, April 22nd. The savings and loans company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.02. First Defiance Financial had a net margin of 27.21% and a return on equity of 11.51%. The company had revenue of $39.08 million for the quarter, compared to analyst estimates of $36.40 million. As a group, sell-side analysts predict that First Defiance Financial will post 2.37 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 17th were given a dividend of $0.19 per share. The ex-dividend date was Thursday, May 16th. This represents a $0.76 annualized dividend and a yield of 2.75%. First Defiance Financial’s payout ratio is currently 34.08%.

In other First Defiance Financial news, insider John R. Reisner sold 1,700 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $27.03, for a total transaction of $45,951.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Donald P. Hileman sold 1,000 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $29.08, for a total transaction of $29,080.00. Following the transaction, the insider now owns 72,960 shares in the company, valued at $2,121,676.80. The disclosure for this sale can be found here. Corporate insiders own 2.36% of the company’s stock.

Several equities analysts have issued reports on the stock. BidaskClub upgraded shares of First Defiance Financial from a “hold” rating to a “buy” rating in a research note on Friday, February 22nd. ValuEngine cut shares of First Defiance Financial from a “hold” rating to a “sell” rating in a report on Tuesday, March 19th. Finally, Zacks Investment Research raised shares of First Defiance Financial from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a report on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $33.67.

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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, 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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