Wall Street analysts expect First Defiance Financial (NASDAQ:FDEF) to post sales of $33.88 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for First Defiance Financial’s earnings, with estimates ranging from $33.76 million to $34 million. First Defiance Financial reported sales of $27.97 million in the same quarter last year, which would suggest a positive year over year growth rate of 21.1%. The business is scheduled to issue its next earnings results on Monday, July 17th.
According to Zacks, analysts expect that First Defiance Financial will report full year sales of $33.88 million for the current financial year, with estimates ranging from $133.69 million to $136.8 million. For the next fiscal year, analysts expect that the business will post sales of $143.72 million per share, with estimates ranging from $142.24 million to $145.2 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for First Defiance Financial.
First Defiance Financial (NASDAQ:FDEF) last issued its earnings results on Monday, April 17th. The savings and loans company reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.07. The company had revenue of $32.19 million during the quarter, compared to analysts’ expectations of $31.79 million. First Defiance Financial had a return on equity of 10.04% and a net margin of 23.67%.
A number of brokerages have recently commented on FDEF. Keefe, Bruyette & Woods set a $51.00 price objective on First Defiance Financial and gave the company a “hold” rating in a research report on Tuesday, April 18th. Zacks Investment Research downgraded First Defiance Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, February 14th.
ILLEGAL ACTIVITY WARNING: This news story was published by BBNS and is the sole property of of BBNS. If you are accessing this news story on another domain, it was stolen and reposted in violation of United States & international trademark and copyright law. The original version of this news story can be viewed at https://baseballnewssource.com/markets/brokerages-anticipate-first-defiance-financial-fdef-will-announce-quarterly-sales-of-33-88-million-updated-updated-updated/755279.html.
Shares of First Defiance Financial (NASDAQ:FDEF) traded down 0.89% during mid-day trading on Friday, reaching $53.52. The company’s stock had a trading volume of 11,759 shares. The firm has a market capitalization of $542.96 million, a P/E ratio of 18.27 and a beta of 0.95. The company’s 50-day moving average is $51.85 and its 200 day moving average is $48.64. First Defiance Financial has a 1-year low of $35.90 and a 1-year high of $56.20.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 26th. Shareholders of record on Friday, May 19th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Wednesday, May 17th. First Defiance Financial’s dividend payout ratio (DPR) is presently 27.76%.
In other First Defiance Financial news, insider Gregory R. Allen sold 2,167 shares of the business’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $54.23, for a total transaction of $117,516.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.20% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the stock. Legal & General Group Plc increased its stake in First Defiance Financial by 1.0% in the first quarter. Legal & General Group Plc now owns 2,400 shares of the savings and loans company’s stock worth $119,000 after buying an additional 23 shares during the period. American International Group Inc. boosted its position in shares of First Defiance Financial by 7.0% in the first quarter. American International Group Inc. now owns 5,415 shares of the savings and loans company’s stock worth $268,000 after buying an additional 352 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of First Defiance Financial during the first quarter worth approximately $299,000. Highbridge Capital Management LLC bought a new position in shares of First Defiance Financial during the fourth quarter worth approximately $349,000. Finally, Spark Investment Management LLC bought a new position in shares of First Defiance Financial during the first quarter worth approximately $366,000. 67.55% of the stock is owned by hedge funds and other institutional investors.
About First Defiance Financial
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).
Get a free copy of the Zacks research report on First Defiance Financial (FDEF)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for First Defiance Financial Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for First Defiance Financial and related companies with our FREE daily email newsletter.