First Defiance Financial (FDEF) Expected to Post Earnings of $0.89 Per Share
Wall Street brokerages expect First Defiance Financial (NASDAQ:FDEF) to report earnings per share of $0.89 for the current quarter, according to Zacks. Two analysts have made estimates for First Defiance Financial’s earnings. The highest EPS estimate is $0.91 and the lowest is $0.87. First Defiance Financial posted earnings of $0.81 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.9%. The business is expected to announce its next earnings report on Monday, January 22nd.
On average, analysts expect that First Defiance Financial will report full year earnings of $3.45 per share for the current fiscal year, with EPS estimates ranging from $3.43 to $3.46. For the next year, analysts expect that the firm will report earnings of $3.64 per share, with EPS estimates ranging from $3.63 to $3.65. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow First Defiance Financial.
First Defiance Financial (NASDAQ:FDEF) last released its earnings results on Monday, October 16th. The savings and loans company reported $0.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.05. First Defiance Financial had a return on equity of 9.51% and a net margin of 21.47%. The firm had revenue of $34.50 million during the quarter, compared to analysts’ expectations of $34.85 million.
FDEF has been the subject of several analyst reports. ValuEngine raised First Defiance Financial from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $54.00 price target on shares of First Defiance Financial in a report on Thursday, October 19th. Finally, Zacks Investment Research downgraded First Defiance Financial from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. First Defiance Financial presently has an average rating of “Hold” and an average price target of $59.67.
In other First Defiance Financial news, insider Gregory R. Allen sold 1,000 shares of First Defiance Financial stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $54.55, for a total transaction of $54,550.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen L. Boomer sold 755 shares of First Defiance Financial stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $53.22, for a total value of $40,181.10. Following the sale, the director now directly owns 12,809 shares of the company’s stock, valued at $681,694.98. The disclosure for this sale can be found here. Insiders have sold a total of 9,074 shares of company stock valued at $496,139 over the last ninety days. 3.40% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Summit Global Investments lifted its holdings in First Defiance Financial by 2.2% during the 2nd quarter. Summit Global Investments now owns 9,200 shares of the savings and loans company’s stock worth $485,000 after buying an additional 200 shares during the last quarter. Aperio Group LLC lifted its holdings in shares of First Defiance Financial by 4.9% in the 2nd quarter. Aperio Group LLC now owns 6,328 shares of the savings and loans company’s stock valued at $333,000 after purchasing an additional 294 shares during the last quarter. Symphony Asset Management LLC lifted its holdings in shares of First Defiance Financial by 3.9% in the 2nd quarter. Symphony Asset Management LLC now owns 10,665 shares of the savings and loans company’s stock valued at $562,000 after purchasing an additional 400 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of First Defiance Financial by 1.0% in the 2nd quarter. Nordea Investment Management AB now owns 52,900 shares of the savings and loans company’s stock valued at $2,787,000 after purchasing an additional 500 shares during the last quarter. Finally, Teachers Advisors LLC lifted its holdings in shares of First Defiance Financial by 3.7% in the 1st quarter. Teachers Advisors LLC now owns 14,191 shares of the savings and loans company’s stock valued at $703,000 after purchasing an additional 503 shares during the last quarter. 64.25% of the stock is owned by institutional investors.
First Defiance Financial (NASDAQ FDEF) traded down $1.26 on Friday, reaching $53.61. The company had a trading volume of 18,900 shares, compared to its average volume of 29,331. First Defiance Financial has a 1 year low of $46.27 and a 1 year high of $56.91. The firm has a market cap of $531.95, a PE ratio of 17.35 and a beta of 0.92. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.01 and a quick ratio of 1.00.
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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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