Wall Street analysts expect First Defiance Financial (NASDAQ:FDEF) to announce $39.58 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for First Defiance Financial’s earnings. The lowest sales estimate is $39.50 million and the highest is $39.65 million. First Defiance Financial posted sales of $36.76 million in the same quarter last year, which would indicate a positive year over year growth rate of 7.7%. The business is expected to report its next earnings report after the market closes on Monday, July 22nd.
According to Zacks, analysts expect that First Defiance Financial will report full year sales of $159.69 million for the current financial year, with estimates ranging from $159.40 million to $159.98 million. For the next financial year, analysts forecast that the firm will report sales of $164.31 million, with estimates ranging from $163.00 million to $165.61 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow First Defiance Financial.
First Defiance Financial (NASDAQ:FDEF) last posted its quarterly earnings results on Monday, April 22nd. The savings and loans company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.02. First Defiance Financial had a net margin of 27.21% and a return on equity of 11.51%. The firm had revenue of $39.08 million during the quarter, compared to the consensus estimate of $36.40 million.
FDEF traded down $0.22 during midday trading on Monday, hitting $27.27. The company had a trading volume of 31,690 shares, compared to its average volume of 60,421. First Defiance Financial has a 52 week low of $22.78 and a 52 week high of $33.74. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.23. The stock has a market cap of $542.10 million, a P/E ratio of 12.23 and a beta of 0.98. The stock’s 50 day simple moving average is $27.70.
In other First Defiance Financial news, insider John R. Reisner sold 1,700 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $27.03, for a total value of $45,951.00. Following the completion of the sale, the insider now directly owns 365 shares of the company’s stock, valued at approximately $9,865.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Donald P. Hileman sold 1,000 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $29.08, for a total transaction of $29,080.00. Following the completion of the sale, the insider now directly owns 72,960 shares of the company’s stock, valued at $2,121,676.80. The disclosure for this sale can be found here. Insiders own 2.36% of the company’s stock.
A number of hedge funds have recently modified their holdings of FDEF. Rhumbline Advisers grew its position in First Defiance Financial by 46.6% in the 4th quarter. Rhumbline Advisers now owns 28,975 shares of the savings and loans company’s stock worth $710,000 after purchasing an additional 9,205 shares in the last quarter. New York State Common Retirement Fund boosted its stake in First Defiance Financial by 43.4% in the fourth quarter. New York State Common Retirement Fund now owns 34,998 shares of the savings and loans company’s stock valued at $858,000 after acquiring an additional 10,598 shares during the last quarter. BlackRock Inc. boosted its stake in First Defiance Financial by 0.9% in the fourth quarter. BlackRock Inc. now owns 2,158,710 shares of the savings and loans company’s stock valued at $52,909,000 after acquiring an additional 19,135 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in First Defiance Financial by 1.3% in the fourth quarter. Bank of New York Mellon Corp now owns 128,960 shares of the savings and loans company’s stock valued at $3,161,000 after acquiring an additional 1,619 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in First Defiance Financial by 17.3% in the fourth quarter. Citigroup Inc. now owns 6,499 shares of the savings and loans company’s stock valued at $159,000 after acquiring an additional 958 shares during the last quarter. 63.97% of the stock is owned by institutional investors and hedge funds.
About First Defiance Financial
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, demand deposits, and certificates of deposits, as well as certificate of deposit account registry service; and commercial real estate, commercial, consumer finance, 1-4 family residential real estate, construction, and home equity and improvement loans.
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