Morgan Stanley increased its stake in shares of First Defiance Financial (NASDAQ:FDEF) by 793.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 270,147 shares of the savings and loans company’s stock after buying an additional 239,910 shares during the period. Morgan Stanley owned 0.72% of First Defiance Financial worth $3,984,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. FMR LLC grew its holdings in First Defiance Financial by 347.5% during the 1st quarter. FMR LLC now owns 1,544 shares of the savings and loans company’s stock worth $44,000 after acquiring an additional 1,199 shares during the period. UBS Group AG grew its holdings in shares of First Defiance Financial by 10.0% in the 1st quarter. UBS Group AG now owns 29,051 shares of the savings and loans company’s stock valued at $428,000 after buying an additional 2,645 shares during the period. BlackRock Inc. grew its holdings in shares of First Defiance Financial by 76.0% in the 1st quarter. BlackRock Inc. now owns 3,560,819 shares of the savings and loans company’s stock valued at $52,486,000 after buying an additional 1,537,681 shares during the period. SG Americas Securities LLC acquired a new position in shares of First Defiance Financial in the 1st quarter valued at $193,000. Finally, Victory Capital Management Inc. grew its holdings in shares of First Defiance Financial by 66.0% in the 1st quarter. Victory Capital Management Inc. now owns 117,347 shares of the savings and loans company’s stock valued at $1,730,000 after buying an additional 46,672 shares during the period. Institutional investors and hedge funds own 64.87% of the company’s stock.
FDEF has been the subject of several research analyst reports. BidaskClub raised shares of First Defiance Financial from a “strong sell” rating to a “sell” rating in a report on Saturday, June 6th. Zacks Investment Research raised shares of First Defiance Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 27th. Finally, Raymond James raised shares of First Defiance Financial from a “market perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a research report on Wednesday, June 17th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. First Defiance Financial currently has a consensus rating of “Hold” and a consensus price target of $27.00.
Shares of FDEF opened at $16.99 on Wednesday. First Defiance Financial has a 52 week low of $10.98 and a 52 week high of $32.39. The firm has a market cap of $639.95 million, a P/E ratio of 14.28 and a beta of 1.42. The firm’s 50-day simple moving average is $18.62 and its 200 day simple moving average is $17.35. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.04 and a current ratio of 1.06.
About First Defiance Financial
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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