Equities analysts expect First Defiance Financial (NASDAQ:FDEF) to announce earnings of $0.98 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for First Defiance Financial’s earnings, with the lowest EPS estimate coming in at $0.92 and the highest estimate coming in at $1.03. First Defiance Financial posted earnings of $0.81 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 21%. The business is expected to issue its next quarterly earnings results on Monday, April 16th.
According to Zacks, analysts expect that First Defiance Financial will report full-year earnings of $4.07 per share for the current year, with EPS estimates ranging from $3.89 to $4.25. For the next fiscal year, analysts forecast that the firm will post earnings of $4.28 per share, with EPS estimates ranging from $4.05 to $4.51. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for First Defiance Financial.
First Defiance Financial (NASDAQ:FDEF) last posted its earnings results on Monday, January 22nd. The savings and loans company reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.05. First Defiance Financial had a return on equity of 9.59% and a net margin of 21.77%. The firm had revenue of $35.28 million during the quarter, compared to analyst estimates of $35.00 million.
NASDAQ FDEF traded down $0.12 during trading on Monday, hitting $57.20. The company’s stock had a trading volume of 24,213 shares, compared to its average volume of 31,597. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.32. The company has a market cap of $583.65, a P/E ratio of 16.30 and a beta of 0.86. First Defiance Financial has a 52 week low of $47.01 and a 52 week high of $59.85.
In other news, insider Gregory R. Allen sold 2,193 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $56.56, for a total transaction of $124,036.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark Andrew Robison acquired 1,132 shares of the stock in a transaction dated Tuesday, February 6th. The shares were purchased at an average price of $52.83 per share, for a total transaction of $59,803.56. Following the completion of the transaction, the director now owns 2,203 shares of the company’s stock, valued at approximately $116,384.49. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 3,393 shares of company stock worth $193,263. 3.14% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in FDEF. Macquarie Group Ltd. bought a new stake in shares of First Defiance Financial during the third quarter valued at approximately $301,000. Nordea Investment Management AB increased its position in shares of First Defiance Financial by 3.0% during the third quarter. Nordea Investment Management AB now owns 54,500 shares of the savings and loans company’s stock valued at $2,861,000 after purchasing an additional 1,600 shares during the period. Citadel Advisors LLC bought a new stake in shares of First Defiance Financial during the third quarter valued at approximately $774,000. Wells Fargo & Company MN increased its position in shares of First Defiance Financial by 27.6% during the third quarter. Wells Fargo & Company MN now owns 27,825 shares of the savings and loans company’s stock valued at $1,461,000 after purchasing an additional 6,016 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in shares of First Defiance Financial by 15.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 18,782 shares of the savings and loans company’s stock valued at $986,000 after purchasing an additional 2,482 shares during the period. Institutional investors and hedge funds own 64.38% of the company’s stock.
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).
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