First Defiance Financial (NASDAQ:FDEF) Issues Earnings Results

First Defiance Financial (NASDAQ:FDEF) announced its earnings results on Monday. The savings and loans company reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.04, Morningstar.com reports. First Defiance Financial had a net margin of 27.21% and a return on equity of 11.51%.

FDEF opened at $27.17 on Tuesday. First Defiance Financial has a 52-week low of $22.78 and a 52-week high of $33.74. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $537.76 million, a P/E ratio of 12.18 and a beta of 0.98. The firm’s 50-day moving average is $27.70.

In related news, insider Donald P. Hileman sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $29.08, for a total value of $29,080.00. Following the sale, the insider now owns 72,960 shares in the company, valued at $2,121,676.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John R. Reisner sold 1,700 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $27.03, for a total value of $45,951.00. Following the completion of the sale, the insider now owns 365 shares in the company, valued at approximately $9,865.95. The disclosure for this sale can be found here. Corporate insiders own 2.36% of the company’s stock.



Hedge funds and other institutional investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. purchased a new stake in First Defiance Financial in the 1st quarter worth approximately $2,897,000. Acadian Asset Management LLC boosted its position in First Defiance Financial by 450.0% in the 1st quarter. Acadian Asset Management LLC now owns 71,631 shares of the savings and loans company’s stock worth $2,060,000 after purchasing an additional 58,607 shares in the last quarter. Millennium Management LLC boosted its position in First Defiance Financial by 75.3% in the 4th quarter. Millennium Management LLC now owns 60,500 shares of the savings and loans company’s stock worth $1,483,000 after purchasing an additional 25,982 shares in the last quarter. JPMorgan Chase & Co. boosted its position in First Defiance Financial by 9.4% in the 1st quarter. JPMorgan Chase & Co. now owns 256,574 shares of the savings and loans company’s stock worth $7,375,000 after purchasing an additional 22,125 shares in the last quarter. Finally, Martingale Asset Management L P boosted its position in First Defiance Financial by 14.2% in the 1st quarter. Martingale Asset Management L P now owns 164,422 shares of the savings and loans company’s stock worth $4,727,000 after purchasing an additional 20,500 shares in the last quarter. Hedge funds and other institutional investors own 63.97% of the company’s stock.

Several equities analysts have recently issued reports on the stock. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. BidaskClub downgraded shares of Weyco Group from a “sell” rating to a “strong sell” rating in a report on Saturday, July 13th. Finally, Zacks Investment Research upgraded shares of General Moly from a “sell” rating to a “hold” rating in a report on Thursday, July 11th.

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.

See Also: Capital Gains Distribution

Earnings History 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.