First Defiance Financial (FDEF) Can’t Be Less Risky. The Stock Formed a Bullish Wedge Up

June 19, 2017 - By Linda Rogers

Investors sentiment decreased to 0.93 in Q4 2016. Its down 0.36, from 1.29 in 2016Q3. It dived, as 9 investors sold First Defiance Financial shares while 37 reduced holdings. 10 funds opened positions while 33 raised stakes. 6.16 million shares or 2.41% more from 6.01 million shares in 2016Q3 were reported.
Strs Ohio reported 14,500 shares or 0% of all its holdings. Citadel Advsrs Ltd Llc reported 0% of its portfolio in First Defiance Financial (NASDAQ:FDEF). Martingale Asset Mgmt Lp holds 68,614 shares. California Employees Retirement invested in 0% or 43,200 shares. Maltese Mngmt Limited Liability Corporation owns 20,188 shares for 0.09% of their portfolio. Salzhauer Michael holds 0.43% or 17,016 shares. 110,128 are owned by Aqr Cap Mgmt. Natl Bank Of America Corp De invested in 154,429 shares or 0% of the stock. Park National Oh accumulated 11,546 shares or 0.04% of the stock. Smith Asset Group Limited Partnership holds 2,464 shares or 0% of its portfolio. Numeric Investors Limited Com has 0.11% invested in First Defiance Financial (NASDAQ:FDEF) for 198,092 shares. Geode Capital Mngmt Ltd Liability reported 81,755 shares or 0% of all its holdings. Loomis Sayles & Co Limited Partnership owns 216 shares for 0% of their portfolio. Jefferies Ltd Limited Liability Company reported 0% in First Defiance Financial (NASDAQ:FDEF). Wedge Cap Management L L P Nc stated it has 0.02% in First Defiance Financial (NASDAQ:FDEF).

Since May 1, 2017, it had 0 buys, and 2 sales for $139,356 activity. ALLEN GREGORY R had sold 2,167 shares worth $117,516 on Monday, May 1.

The stock of First Defiance Financial (FDEF) formed an up wedge with $55.16 target or 3.00 % above today’s $53.55 share price. The 7 months wedge indicates low risk for the $534.49 million company. If the $55.16 price target is reached, the company will be worth $16.03M 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%.

About 4,772 shares traded. First Defiance Financial (NASDAQ:FDEF) has risen 33.50% since June 19, 2016 and is uptrending. It has outperformed by 16.80% the S&P500.

Investors wait First Defiance Financial (NASDAQ:FDEF) to report on July, 17. its quarterly earnings Wall Street analysts expect $0.84 earnings per share, up $0.04 or 5.00 % from last year’s $0.8 same quarter earnings. This translates into $8.38 million profit for FDEF giving the stock a 15.94 P/E. This is assuming the current $0.84 EPS is accurate. First Defiance Financial’s Wall Street analysts see 3.70 % EPS growth, taking into account the $0.81 EPS reproted in the previous quarter,

First Defiance Financial (NASDAQ:FDEF) Ratings Coverage

Among 4 analysts covering First Defiance Financial Corp (NASDAQ:FDEF), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. First Defiance Financial Corp had 5 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of First Defiance Financial (NASDAQ:FDEF) has “Market Perform” rating given on Monday, August 29 by Keefe Bruyette & Woods. The stock of First Defiance Financial (NASDAQ:FDEF) has “Mkt Perform” rating given on Monday, October 5 by Raymond James.

More recent First Defiance Financial (NASDAQ:FDEF) news were published by: Businesswire.com which released: “First Defiance Financial Corp. and Commercial Bancshares, Inc. Announce …” on August 23, 2016. Also Nasdaq.com published the news titled: “First Defiance Financial Corp. (FDEF) Ex-Dividend Date Scheduled for May 17, 2017” on May 16, 2017. Seekingalpha.com‘s news article titled: “First Defiance Financial Corp’s (FDEF) CEO Don Hileman on Q4 2016 Results …” with publication date: January 24, 2017 was also an interesting one.

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