Equities analysts forecast that First Defiance Financial (NASDAQ:FDEF) will report sales of $40.15 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued 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 firm is expected to report its next quarterly earnings results on Monday, October 21st.
On average, analysts expect that First Defiance Financial will report full-year sales of $159.30 million for the current fiscal year, with estimates ranging from $158.70 million to $159.90 million. For the next financial year, analysts anticipate that the company will post sales of $163.65 million, with estimates ranging from $161.60 million to $165.70 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for First Defiance Financial.
First Defiance Financial (NASDAQ:FDEF) last posted its quarterly earnings data on Monday, July 22nd. The savings and loans company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. First Defiance Financial had a net margin of 27.02% and a return on equity of 11.72%. The firm had revenue of $39.48 million during the quarter, compared to analyst estimates of $39.58 million.
In other news, insider Donald P. Hileman sold 1,000 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $29.08, for a total transaction of $29,080.00. Following the transaction, the insider now owns 72,960 shares in the company, valued at approximately $2,121,676.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John R. Reisner sold 1,700 shares of the firm’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $27.03, for a total transaction of $45,951.00. Following the transaction, the insider now owns 365 shares in the company, valued at approximately $9,865.95. The disclosure for this sale can be found here. 2.36% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in FDEF. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of First Defiance Financial during the 1st quarter worth about $28,000. FMR LLC increased its holdings 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 period. Meeder Asset Management Inc. increased its holdings 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 period. Creative Financial Designs Inc. ADV bought a new position in shares of First Defiance Financial during the 1st quarter worth about $95,000. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of First Defiance Financial by 384.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,175 shares of the savings and loans company’s stock worth $120,000 after purchasing an additional 3,313 shares during the period. Hedge funds and other institutional investors own 64.05% of the company’s stock.
Shares of NASDAQ:FDEF traded down $0.09 during trading on Tuesday, reaching $27.56. 690 shares of the company traded hands, compared to its average volume of 51,077. The company has a fifty day simple moving average of $27.86. The firm has a market cap of $545.26 million, a price-to-earnings ratio of 12.36 and a beta of 0.96. First Defiance Financial has a 1-year low of $22.78 and a 1-year high of $33.34. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 16th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.76%. First Defiance Financial’s dividend payout ratio is currently 34.08%.
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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