Analysts Expect First Defiance Financial (FDEF) Will Post Quarterly Sales of $35.35 Million

Equities analysts expect First Defiance Financial (NASDAQ:FDEF) to post $35.35 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for First Defiance Financial’s earnings. The highest sales estimate is $35.40 million and the lowest is $35.30 million. First Defiance Financial reported sales of $32.19 million during the same quarter last year, which indicates a positive year over year growth rate of 9.8%. The firm is expected to report its next earnings report on Monday, April 16th.

On average, analysts expect that First Defiance Financial will report full-year sales of $35.35 million for the current financial year, with estimates ranging from $145.10 million to $145.40 million. For the next year, analysts anticipate that the company will post sales of $152.15 million per share, with estimates ranging from $150.50 million to $153.80 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow First Defiance Financial.

First Defiance Financial (NASDAQ:FDEF) last posted its quarterly earnings data on Monday, January 22nd. The savings and loans company reported $0.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.05. The firm had revenue of $35.28 million during the quarter, compared to analyst estimates of $35.00 million. First Defiance Financial had a net margin of 21.77% and a return on equity of 9.67%.

FDEF has been the subject of several analyst reports. Zacks Investment Research upgraded shares of First Defiance Financial from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research note on Wednesday, October 18th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $54.00 price objective on shares of First Defiance Financial in a research note on Thursday, October 19th. BidaskClub lowered shares of First Defiance Financial from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Sandler O’Neill reiterated a “buy” rating and issued a $64.00 price objective on shares of First Defiance Financial in a research note on Tuesday, January 23rd. Finally, ValuEngine downgraded shares of First Defiance Financial from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. First Defiance Financial currently has an average rating of “Hold” and a consensus target price of $61.33.

Shares of First Defiance Financial (FDEF) opened at $52.68 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.01 and a quick ratio of 1.00. The company has a market cap of $546.85, a PE ratio of 15.43 and a beta of 0.93. First Defiance Financial has a one year low of $46.71 and a one year high of $56.91.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Tuesday, February 6th will be given a dividend of $0.30 per share. This is an increase from First Defiance Financial’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date is Monday, February 5th. First Defiance Financial’s dividend payout ratio is currently 31.25%.

In related news, Director Robert E. Beach sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $55.67, for a total value of $222,680.00. Following the completion of the transaction, the director now directly owns 49,692 shares of the company’s stock, valued at approximately $2,766,353.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark Andrew Robison acquired 1,071 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was acquired at an average cost of $55.70 per share, with a total value of $59,654.70. The disclosure for this purchase can be found here. Insiders have sold a total of 9,074 shares of company stock valued at $496,139 over the last three months. Insiders own 3.40% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FDEF. SG Americas Securities LLC bought a new position in First Defiance Financial in the 4th quarter worth approximately $119,000. Highbridge Capital Management LLC bought a new position in First Defiance Financial in the 3rd quarter worth approximately $226,000. OxFORD Asset Management LLP bought a new position in First Defiance Financial in the 3rd quarter worth approximately $273,000. Cigna Investments Inc. New bought a new position in First Defiance Financial in the 4th quarter worth approximately $285,000. Finally, Macquarie Group Ltd. bought a new position in First Defiance Financial in the 3rd quarter worth approximately $301,000. 64.42% of the stock is owned by institutional investors.

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First Defiance Financial 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).

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

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