The banking industry closed the day down 2.7%. Oak Valley Bancorp ( OVLY), First Place Financial Corporation ( FPFC), Bank VA Chesterfield ( BOVA), and Provident Community Bancshares Inc ( PCBS) were all winners today within the banking industry with First Defiance Financial Corporation ( FDEF) being today's featured banking winner. First Defiance Financial Corporation rose 22 cents (1.7%) to $13.36 on average volume. Throughout the day, 20,341 shares of First Defiance Financial Corporation exchanged hands as compared to its average daily volume of 22,500 shares. First Defiance Financial Corp. operates as the holding company for First Federal Bank of the Midwest that provides financial services to communities based in northwest Ohio, northeast Indiana, and southeastern Michigan. First Defiance Financial Corporation has a market cap of $129.6 million and is part of the financial sector. The company has a P/E ratio of 11.7, below the average banking industry P/E ratio of 11.9 and below the S&P 500 P/E ratio of 17.7. Shares are up 10.4% year to date as of the close of trading on Friday. TheStreet Ratings rates First Defiance Financial as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, attractive valuation levels, expanding profit margins and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.