FY2017 EPS Estimates for First Defiance Financial Corp. Raised by FIG Partners (FDEF)

First Defiance Financial Corp. (NASDAQ:FDEF) – Equities researchers at FIG Partners boosted their FY2017 earnings per share estimates for First Defiance Financial Corp. in a research note issued to investors on Tuesday. FIG Partners analyst C. Marinac now anticipates that the savings and loans company will post earnings per share of $3.43 for the year, up from their previous estimate of $3.37. FIG Partners also issued estimates for First Defiance Financial Corp.’s Q4 2017 earnings at $0.87 EPS.

First Defiance Financial Corp. (NASDAQ:FDEF) last issued its quarterly earnings results on Monday, October 16th. The savings and loans company reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.05. First Defiance Financial Corp. had a return on equity of 9.74% and a net margin of 21.47%. The company had revenue of $34.50 million for the quarter, compared to the consensus estimate of $34.85 million. TRADEMARK VIOLATION WARNING: This report was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The original version of this report can be read at https://www.dispatchtribunal.com/2017/10/28/fy2017-eps-estimates-for-first-defiance-financial-corp-raised-by-fig-partners-fdef.html.

Other research analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods restated a “hold” rating and set a $54.00 price objective on shares of First Defiance Financial Corp. in a research note on Thursday. Zacks Investment Research upgraded First Defiance Financial Corp. from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research note on Wednesday. Sandler O’Neill upgraded First Defiance Financial Corp. from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Wednesday, July 19th. BidaskClub cut First Defiance Financial Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, ValuEngine cut First Defiance Financial Corp. from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $57.67.

Shares of First Defiance Financial Corp. (FDEF) traded down 0.02% during midday trading on Wednesday, reaching $55.86. The company’s stock had a trading volume of 644 shares. First Defiance Financial Corp. has a 52 week low of $36.91 and a 52 week high of $56.91. The firm has a market capitalization of $566.92 million, a price-to-earnings ratio of 17.98 and a beta of 0.92. The firm’s 50 day moving average is $51.10 and its 200 day moving average is $51.92.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in First Defiance Financial Corp. by 2.9% in the second quarter. Dimensional Fund Advisors LP now owns 780,534 shares of the savings and loans company’s stock valued at $41,119,000 after buying an additional 21,947 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in First Defiance Financial Corp. by 2.7% in the second quarter. The Manufacturers Life Insurance Company now owns 425,337 shares of the savings and loans company’s stock valued at $22,406,000 after buying an additional 11,000 shares during the last quarter. Vanguard Group Inc. increased its holdings in First Defiance Financial Corp. by 14.4% in the second quarter. Vanguard Group Inc. now owns 403,802 shares of the savings and loans company’s stock valued at $21,272,000 after buying an additional 50,760 shares during the last quarter. Renaissance Technologies LLC increased its holdings in First Defiance Financial Corp. by 7.5% in the first quarter. Renaissance Technologies LLC now owns 306,500 shares of the savings and loans company’s stock valued at $15,175,000 after buying an additional 21,305 shares during the last quarter. Finally, LSV Asset Management increased its holdings in First Defiance Financial Corp. by 6.9% in the second quarter. LSV Asset Management now owns 239,647 shares of the savings and loans company’s stock valued at $12,624,000 after buying an additional 15,566 shares during the last quarter. 63.90% of the stock is currently owned by institutional investors and hedge funds.

First Defiance Financial Corp. Company Profile

First Defiance Financial Corp. is a unitary thrift holding company that focuses on traditional banking and property and casualty, life and group health insurance products. The Company operates through its subsidiaries, First Federal Bank of the Midwest (First Federal or the Bank), First Insurance Group of the Midwest, Inc (First Insurance) and First Defiance Risk Management Inc (First Defiance Risk Management).

Earnings History and Estimates for First Defiance Financial Corp. (NASDAQ:FDEF)

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