First Defiance Financial (FDEF) Expected to Post Quarterly Sales of $35.35 Million

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

According to Zacks, 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 fiscal year, analysts expect that the business will report sales of $152.15 million per share, with estimates ranging from $150.50 million to $153.80 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms 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 Zacks’ consensus estimate of $0.89 by $0.05. First Defiance Financial had a net margin of 21.77% and a return on equity of 9.67%. The business had revenue of $35.28 million for the quarter, compared to analyst estimates of $35.00 million.

A number of research firms recently commented on FDEF. ValuEngine lowered shares of First Defiance Financial from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. BidaskClub upgraded shares of First Defiance Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, January 30th. Sandler O’Neill reiterated a “buy” rating and set a $64.00 price objective on shares of First Defiance Financial in a research note on Tuesday, January 23rd. Zacks Investment Research upgraded shares of First Defiance Financial from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Friday, December 29th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $60.00 price objective on shares of First Defiance Financial in a research note on Friday, December 22nd. Three investment analysts have rated the stock with 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 target price of $61.33.

First Defiance Financial (FDEF) traded down $0.13 during midday trading on Tuesday, hitting $53.58. 18,802 shares of the company were exchanged, compared to its average volume of 34,001. First Defiance Financial has a fifty-two week low of $46.71 and a fifty-two week high of $56.91. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $544.21, a price-to-earnings ratio of 15.35 and a beta of 0.93.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Tuesday, February 6th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.24%. This is a boost from First Defiance Financial’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, February 5th. First Defiance Financial’s dividend payout ratio (DPR) is presently 37.50%.

In related news, insider Gregory R. Allen sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $54.55, for a total transaction of $54,550.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Samuel S. Strausbaugh sold 3,319 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $53.85, for a total transaction of $178,728.15. Following the sale, the director now owns 8,856 shares of the company’s stock, valued at $476,895.60. The disclosure for this sale can be found here. Insiders have sold 9,074 shares of company stock valued at $496,139 over the last 90 days. 3.40% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the stock. MetLife Investment Advisors LLC bought a new stake in First Defiance Financial during the fourth quarter worth approximately $262,000. Millennium Management LLC boosted its holdings in First Defiance Financial by 2.0% during the fourth quarter. Millennium Management LLC now owns 130,720 shares of the savings and loans company’s stock worth $6,794,000 after buying an additional 2,563 shares in the last quarter. TIAA CREF Investment Management LLC boosted its holdings in First Defiance Financial by 25.1% during the fourth quarter. TIAA CREF Investment Management LLC now owns 32,715 shares of the savings and loans company’s stock worth $1,700,000 after buying an additional 6,555 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in First Defiance Financial by 7.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 45,219 shares of the savings and loans company’s stock worth $2,350,000 after buying an additional 3,074 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in First Defiance Financial by 73.9% during the fourth quarter. Deutsche Bank AG now owns 52,749 shares of the savings and loans company’s stock worth $2,740,000 after buying an additional 22,412 shares in the last quarter. Hedge funds and other institutional investors own 64.42% of the company’s stock.

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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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