Wall Street brokerages predict that First Defiance Financial (NASDAQ:FDEF) will announce $1.03 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for First Defiance Financial’s earnings, with estimates ranging from $1.00 to $1.05. First Defiance Financial posted earnings of $0.82 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 25.6%. The business is expected to announce its next quarterly earnings results on Monday, July 16th.
According to Zacks, analysts expect that First Defiance Financial will report full year earnings of $4.34 per share for the current year, with EPS estimates ranging from $4.28 to $4.40. For the next year, analysts expect that the firm will report earnings of $4.48 per share, with EPS estimates ranging from $4.45 to $4.51. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for First Defiance Financial.
First Defiance Financial (NASDAQ:FDEF) last released its quarterly earnings data on Monday, April 16th. The savings and loans company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.16. First Defiance Financial had a net margin of 25.37% and a return on equity of 10.53%. The company had revenue of $36.39 million for the quarter, compared to analysts’ expectations of $35.35 million.
A number of equities analysts have recently issued reports on FDEF shares. BidaskClub upgraded shares of First Defiance Financial from a “hold” rating to a “buy” rating in a research report on Saturday, March 10th. Zacks Investment Research lowered shares of First Defiance Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 27th. Finally, ValuEngine lowered shares of First Defiance Financial from a “buy” rating to a “hold” rating in a research report on Monday, May 7th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. First Defiance Financial currently has a consensus rating of “Buy” and an average target price of $65.33.
In related news, insider John R. Reisner sold 750 shares of First Defiance Financial stock in a transaction on Friday, June 1st. The shares were sold at an average price of $62.62, for a total value of $46,965.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert E. Beach sold 6,300 shares of First Defiance Financial stock in a transaction on Wednesday, April 25th. The shares were sold at an average price of $60.03, for a total transaction of $378,189.00. Following the completion of the transaction, the director now owns 43,392 shares in the company, valued at $2,604,821.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,000 shares of company stock worth $483,985. Insiders own 3.14% of the company’s stock.
A number of large investors have recently bought and sold shares of FDEF. SG Americas Securities LLC purchased a new position in First Defiance Financial in the 4th quarter valued at $119,000. Handelsbanken Fonder AB purchased a new position in First Defiance Financial in the 4th quarter valued at $208,000. MetLife Investment Advisors LLC purchased a new position in First Defiance Financial in the 4th quarter valued at $262,000. Schwab Charles Investment Management Inc. grew its position in First Defiance Financial by 5.5% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 19,822 shares of the savings and loans company’s stock valued at $1,031,000 after buying an additional 1,040 shares during the last quarter. Finally, Budros Ruhlin & Roe Inc. purchased a new position in First Defiance Financial in the 4th quarter valued at $1,478,000. Hedge funds and other institutional investors own 65.08% of the company’s stock.
FDEF stock traded up $0.41 during midday trading on Wednesday, reaching $67.47. 43,037 shares of the company were exchanged, compared to its average volume of 29,484. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.28. First Defiance Financial has a 1-year low of $47.01 and a 1-year high of $68.52. The stock has a market cap of $683.81 million, a P/E ratio of 19.49 and a beta of 0.90.
First Defiance Financial’s stock is going to split before the market opens on Friday, July 13th. The 2-1 split was announced on Friday, June 22nd. The newly created shares will be payable to shareholders after the closing bell on Thursday, July 12th.
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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