First Defiance Financial Corp. (FDEF) Draws Bullish Attention After Forming Wedge Up

June 20, 2018 - By Paula Hilliard

Investors sentiment decreased to 0.98 in 2018 Q1. Its down 0.17, from 1.15 in 2017Q4. It fall, as 6 investors sold First Defiance Financial Corp. shares while 34 reduced holdings. 7 funds opened positions while 32 raised stakes. 6.55 million shares or 2.06% more from 6.42 million shares in 2017Q4 were reported.
Citadel Advsrs Ltd Co stated it has 0% of its portfolio in First Defiance Financial Corp. (NASDAQ:FDEF). Parametric Port Assocs Limited Liability invested in 0% or 34,880 shares. Barclays Public Lc accumulated 2,673 shares or 0% of the stock. Clarivest Asset Mngmt owns 80,826 shares or 0.08% of their US portfolio. Price T Rowe Assoc Inc Md reported 6,146 shares. Strs Ohio has invested 0% in First Defiance Financial Corp. (NASDAQ:FDEF). Geode Mngmt Limited Liability Corporation reported 0% in First Defiance Financial Corp. (NASDAQ:FDEF). Martingale Asset Management Lp stated it has 42,504 shares or 0.03% of all its holdings. Alliancebernstein L P invested in 6,400 shares. Dimensional Fund Advsr Ltd Partnership has 0.02% invested in First Defiance Financial Corp. (NASDAQ:FDEF) for 828,521 shares. Great West Life Assurance Can owns 1,158 shares for 0% of their portfolio. Blackrock has invested 0% in First Defiance Financial Corp. (NASDAQ:FDEF). Denali Advsrs Ltd reported 48 shares. Private Capital Mgmt Ltd Co invested in 0.03% or 3,647 shares. Millennium Management Limited Co reported 0.01% in First Defiance Financial Corp. (NASDAQ:FDEF).

Since February 1, 2018, it had 2 insider purchases, and 8 sales for $557,785 activity. $378,189 worth of First Defiance Financial Corp. (NASDAQ:FDEF) was sold by Beach Robert E on Wednesday, April 25. Reisner John R. also sold $46,965 worth of First Defiance Financial Corp. (NASDAQ:FDEF) shares. Another trade for 2,193 shares valued at $124,036 was made by ALLEN GREGORY R on Friday, March 9. Shares for $15,729 were sold by Hileman Donald P.. 350 shares valued at $19,782 were sold by Hubbard Jean A. on Friday, March 9.

The stock of First Defiance Financial Corp. (FDEF) formed an up wedge with $67.81 target or 5.00 % above today’s $64.58 share price. The 8 months wedge indicates low risk for the $658.52 million company. If the $67.81 price target is reached, the company will be worth $32.93 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 0.44% or $0.28 during the last trading session, reaching $64.58. About 8,531 shares traded. First Defiance Financial Corp. (NASDAQ:FDEF) has risen 20.42% since June 20, 2017 and is uptrending. It has outperformed by 7.85% the S&P500.

Analysts await First Defiance Financial Corp. (NASDAQ:FDEF) to report earnings on July, 16. They expect $1.01 EPS, up 23.17 % or $0.19 from last year’s $0.82 per share. FDEF’s profit will be $10.30M for 15.99 P/E if the $1.01 EPS becomes a reality. After $1.15 actual EPS reported by First Defiance Financial Corp. for the previous quarter, Wall Street now forecasts -12.17 % negative EPS growth.

First Defiance Financial Corp. (NASDAQ:FDEF) Ratings Coverage

Among 2 analysts covering First Defiance Financial (NASDAQ:FDEF), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. First Defiance Financial had 4 analyst reports since December 21, 2017 according to SRatingsIntel. Keefe Bruyette & Woods maintained First Defiance Financial Corp. (NASDAQ:FDEF) rating on Thursday, December 21. Keefe Bruyette & Woods has “Hold” rating and $60.0 target. The stock of First Defiance Financial Corp. (NASDAQ:FDEF) earned “Hold” rating by Keefe Bruyette & Woods on Monday, February 26. The company was maintained on Tuesday, January 23 by Sandler O’Neill. The stock has “Buy” rating by Sandler O’Neill on Tuesday, April 17.

First Defiance Financial Corp. operates a unitary thrift holding firm that provides communities based financial services in northwest Ohio, northeast Indiana, and southeastern Michigan. The company has market cap of $658.52 million. It offers checking accounts, money market accounts, savings accounts, term certificate accounts, and certificates of deposit; and commercial real estate, commercial, consumer finance, 1-4 family residential real estate, construction, and home equity and improvement loans. It has a 16.94 P/E ratio. The firm also offers trust and wealth management services, as well as online banking services.

First Defiance Financial Corp. (NASDAQ:FDEF) Institutional Positions Chart

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