What Will Happen to First Defiance Financial Corp. (FDEF) Next? The Stock Formed a Several Months Bullish Wedge Up Chart Pattern

May 25, 2018 - By Vivian Currie

Investors sentiment decreased to 1.15 in 2017 Q4. Its down 0.20, from 1.35 in 2017Q3. It fall, as 6 investors sold First Defiance Financial Corp. shares while 33 reduced holdings. 10 funds opened positions while 35 raised stakes. 6.42 million shares or 0.94% less from 6.48 million shares in 2017Q3 were reported.
Ameritas Invest Prtnrs Incorporated accumulated 799 shares or 0% of the stock. Private Capital Management Ltd Liability Corp holds 8,887 shares. Acadian Asset Mgmt Lc reported 0% stake. Wells Fargo Mn owns 0% invested in First Defiance Financial Corp. (NASDAQ:FDEF) for 27,907 shares. Smith Asset Management Group Lp holds 0% or 1,554 shares in its portfolio. Fifth Third Bank, a Ohio-based fund reported 69 shares. Northern Tru Corp reported 0% in First Defiance Financial Corp. (NASDAQ:FDEF). Royal Financial Bank Of Canada has invested 0% in First Defiance Financial Corp. (NASDAQ:FDEF). Retail Bank Of Montreal Can has invested 0% in First Defiance Financial Corp. (NASDAQ:FDEF). Mufg Americas Holdg invested in 0% or 63 shares. Dimensional Fund Advisors Limited Partnership stated it has 0.02% of its portfolio in First Defiance Financial Corp. (NASDAQ:FDEF). Credit Suisse Ag reported 12,791 shares. Martingale Asset Ltd Partnership reported 63,107 shares. The Massachusetts-based Geode Limited Liability Corp has invested 0% in First Defiance Financial Corp. (NASDAQ:FDEF). Qs Invsts Limited Liability Corp has invested 0% in First Defiance Financial Corp. (NASDAQ:FDEF).

Since February 1, 2018, it had 2 buys, and 5 insider sales for $482,665 activity. ALLEN GREGORY R also sold $124,036 worth of First Defiance Financial Corp. (NASDAQ:FDEF) on Friday, March 9. $19,782 worth of stock was sold by Hubbard Jean A. on Friday, March 9. The insider Hileman Donald P. sold 500 shares worth $30,676. Robison Mark Andrew also bought $59,808 worth of First Defiance Financial Corp. (NASDAQ:FDEF) shares. 6,300 shares were sold by Beach Robert E, worth $378,189 on Wednesday, April 25.

The stock of First Defiance Financial Corp. (FDEF) formed an up wedge with $67.98 target or 8.00 % above today’s $62.94 share price. The 7 months wedge indicates low risk for the $641.80 million company. If the $67.98 price target is reached, the company will be worth $51.34 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 1.65% or $1.02 during the last trading session, reaching $62.94. About 8,367 shares traded. First Defiance Financial Corp. (NASDAQ:FDEF) has risen 18.89% since May 25, 2017 and is uptrending. It has outperformed by 7.34% the S&P500.

Analysts await First Defiance Financial Corp. (NASDAQ:FDEF) to report earnings on July, 16. They expect $1.01 earnings per share, up 23.17 % or $0.19 from last year’s $0.82 per share. FDEF’s profit will be $10.30M for 15.58 P/E if the $1.01 EPS becomes a reality. After $1.15 actual earnings per share 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 5 analyst reports since December 6, 2017 according to SRatingsIntel. The firm has “Hold” rating given on Monday, February 26 by Keefe Bruyette & Woods. Sandler O’Neill maintained the stock with “Buy” rating in Tuesday, April 17 report. On Thursday, December 21 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. Sandler O’Neill maintained First Defiance Financial Corp. (NASDAQ:FDEF) on Tuesday, January 23 with “Buy” rating. The stock of First Defiance Financial Corp. (NASDAQ:FDEF) earned “Hold” rating by Keefe Bruyette & Woods on Wednesday, December 6.

Another recent and important First Defiance Financial Corp. (NASDAQ:FDEF) news was published by Globenewswire.com which published an article titled: “Market Trends Toward New Normal in Cohen & Steers, Achaogen, Ares Commercial Real Estate, CONMED, Marcus …” on May 02, 2018.

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 $641.80 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 19.55 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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