Equities research analysts expect First Defiance Financial Corp. (NASDAQ:FDEF) to post sales of $35.35 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for First Defiance Financial’s earnings, with the lowest sales estimate coming in at $35.30 million and the highest estimate coming in at $35.40 million. First Defiance Financial posted sales of $32.19 million during the same quarter last year, which would indicate a positive year over year growth rate of 9.8%. The business is scheduled to report its next earnings report after the market closes on Monday, April 16th.
According to Zacks, analysts expect that First Defiance Financial will report full year sales of $35.35 million for the current year, with estimates ranging from $145.10 million to $145.40 million. For the next year, analysts expect that the business will post sales of $152.15 million per share, with estimates ranging from $150.50 million to $153.80 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow First Defiance Financial.
First Defiance Financial (NASDAQ:FDEF) last released its quarterly earnings results on Monday, January 22nd. The savings and loans company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.05. First Defiance Financial had a net margin of 21.77% and a return on equity of 9.59%. The firm had revenue of $35.28 million during the quarter, compared to analysts’ expectations of $35.00 million.
A number of equities analysts recently commented on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $60.00 price target on shares of First Defiance Financial in a research note on Friday, December 22nd. Zacks Investment Research cut shares of First Defiance Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 27th. Sandler O’Neill reaffirmed a “buy” rating and set a $64.00 price target on shares of First Defiance Financial in a research note on Tuesday, January 23rd. BidaskClub raised shares of First Defiance Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, January 30th. Finally, ValuEngine cut shares of First Defiance Financial from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $62.00.
In related news, insider Gregory R. Allen sold 2,193 shares of First Defiance Financial stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $56.56, for a total transaction of $124,036.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John R. Reisner sold 850 shares of First Defiance Financial stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $58.17, for a total transaction of $49,444.50. Following the sale, the insider now owns 4,729 shares of the company’s stock, valued at approximately $275,085.93. The disclosure for this sale can be found here. Insiders have sold a total of 3,393 shares of company stock valued at $193,263 in the last quarter. 3.14% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in First Defiance Financial during the 4th quarter valued at about $119,000. Handelsbanken Fonder AB bought a new stake in First Defiance Financial during the 4th quarter valued at about $208,000. Highbridge Capital Management LLC bought a new stake in First Defiance Financial during the 3rd quarter valued at about $226,000. MetLife Investment Advisors LLC bought a new stake in First Defiance Financial during the 4th quarter valued at about $262,000. Finally, OxFORD Asset Management LLP bought a new stake in First Defiance Financial during the 3rd quarter valued at about $273,000. Institutional investors own 64.38% of the company’s stock.
Shares of FDEF stock traded down $0.29 during trading hours on Wednesday, reaching $56.70. 23,006 shares of the stock were exchanged, compared to its average volume of 31,101. First Defiance Financial has a 12-month low of $47.01 and a 12-month high of $59.85. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.32. The stock has a market cap of $580.29, a PE ratio of 16.32 and a beta of 0.86.
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First Defiance Financial Company Profile
First Defiance Financial Corp. operates as a unitary thrift holding company that provides community-based financial services in northwest Ohio, northeast Indiana, and southeastern Michigan. It offers checking accounts, money market accounts, savings accounts, term certificate accounts, and certificates of deposit, as well as Certificate of Deposit Account Registry Service; and consumer finance, 1-4 family residential real estate, commercial real estate, construction, consumer, commercial, and home equity and improvement loans.
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