Wall Street analysts forecast that First Defiance Financial (NASDAQ:FDEF) will post $40.15 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for First Defiance Financial’s earnings. The lowest sales estimate is $39.90 million and the highest is $40.40 million. First Defiance Financial reported sales of $37.45 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.2%. The company is expected to report its next quarterly earnings report after the market closes on Monday, October 21st.

According to Zacks, analysts expect that First Defiance Financial will report full year sales of $159.25 million for the current year, with estimates ranging from $158.70 million to $159.80 million. For the next fiscal year, analysts forecast that the business will post sales of $270.70 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover First Defiance Financial.

First Defiance Financial (NASDAQ:FDEF) last announced its quarterly earnings results on Monday, July 22nd. The savings and loans company reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.04. The business had revenue of $39.48 million during the quarter, compared to the consensus estimate of $39.58 million. First Defiance Financial had a net margin of 27.02% and a return on equity of 11.64%.

A number of equities research analysts recently commented on the stock. BidaskClub raised shares of First Defiance Financial from a “sell” rating to a “hold” rating in a research note on Saturday. ValuEngine cut shares of First Defiance Financial from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 2nd. Sandler O’Neill raised shares of First Defiance Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. Finally, Zacks Investment Research cut shares of First Defiance Financial from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. First Defiance Financial has an average rating of “Hold” and an average price target of $33.00.

In related news, CEO Donald P. Hileman sold 1,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $26.72, for a total value of $26,720.00. Following the sale, the chief executive officer now directly owns 71,940 shares of the company’s stock, valued at approximately $1,922,236.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.36% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. FMR LLC boosted its stake in shares of First Defiance Financial by 347.5% during the 1st quarter. FMR LLC now owns 1,544 shares of the savings and loans company’s stock worth $44,000 after purchasing an additional 1,199 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in shares of First Defiance Financial by 123.1% during the 2nd quarter. Meeder Asset Management Inc. now owns 1,709 shares of the savings and loans company’s stock worth $49,000 after purchasing an additional 943 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of First Defiance Financial by 121.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,161 shares of the savings and loans company’s stock worth $63,000 after purchasing an additional 1,187 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in shares of First Defiance Financial during the 2nd quarter worth about $140,000. Finally, First Quadrant L P CA boosted its stake in shares of First Defiance Financial by 71.5% during the 2nd quarter. First Quadrant L P CA now owns 5,080 shares of the savings and loans company’s stock worth $145,000 after purchasing an additional 2,118 shares during the last quarter. 63.99% of the stock is currently owned by institutional investors.

NASDAQ FDEF traded up $0.23 during trading hours on Monday, reaching $29.17. The company’s stock had a trading volume of 43,755 shares, compared to its average volume of 83,011. The stock has a market cap of $570.93 million, a PE ratio of 13.08 and a beta of 0.99. First Defiance Financial has a fifty-two week low of $22.78 and a fifty-two week high of $31.30. The company’s 50-day moving average is $28.01 and its two-hundred day moving average is $28.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.00 and a current ratio of 1.01.

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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