First Defiance Financial (FDEF) Expected to Post Quarterly Sales of $37.40 Million

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Wall Street brokerages expect First Defiance Financial (NASDAQ:FDEF) to post sales of $37.40 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for First Defiance Financial’s earnings, with the lowest sales estimate coming in at $37.30 million and the highest estimate coming in at $37.50 million. First Defiance Financial reported sales of $35.28 million in the same quarter last year, which indicates a positive year-over-year growth rate of 6%. The business is scheduled to announce its next quarterly earnings report on Monday, January 28th.

According to Zacks, analysts expect that First Defiance Financial will report full year sales of $147.70 million for the current year, with estimates ranging from $146.60 million to $148.80 million. For the next financial year, analysts anticipate that the company will report sales of $153.90 million, with estimates ranging from $153.20 million to $154.60 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow First Defiance Financial.

First Defiance Financial (NASDAQ:FDEF) last released its quarterly earnings results on Monday, October 15th. The savings and loans company reported $0.55 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.55. The firm had revenue of $37.45 million during the quarter, compared to analyst estimates of $37.50 million. First Defiance Financial had a return on equity of 11.51% and a net margin of 27.15%.

Several research firms have recently commented on FDEF. Sandler O’Neill lowered First Defiance Financial from a “buy” rating to a “hold” rating and set a $35.00 price target for the company. in a research report on Tuesday, July 10th. Zacks Investment Research raised First Defiance Financial from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Wednesday, October 17th. BidaskClub lowered First Defiance Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, August 29th. Finally, ValuEngine lowered First Defiance Financial from a “hold” rating to a “sell” rating in a research report on Saturday, July 14th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. First Defiance Financial currently has an average rating of “Hold” and a consensus target price of $32.00.

Large investors have recently made changes to their positions in the stock. Peloton Wealth Strategists acquired a new position in First Defiance Financial during the 2nd quarter valued at about $220,000. Zacks Investment Management acquired a new position in First Defiance Financial during the 2nd quarter valued at about $2,064,000. SG Americas Securities LLC acquired a new position in First Defiance Financial during the 2nd quarter valued at about $140,000. Dimensional Fund Advisors LP increased its position in First Defiance Financial by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 850,394 shares of the savings and loans company’s stock valued at $57,026,000 after buying an additional 21,873 shares in the last quarter. Finally, Martingale Asset Management L P increased its position in First Defiance Financial by 26.4% during the 2nd quarter. Martingale Asset Management L P now owns 53,710 shares of the savings and loans company’s stock valued at $3,602,000 after buying an additional 11,206 shares in the last quarter. 34.20% of the stock is currently owned by institutional investors.

Shares of FDEF traded up $0.08 during trading hours on Friday, hitting $27.54. The company had a trading volume of 3,135 shares, compared to its average volume of 51,144. The firm has a market cap of $556.95 million, a price-to-earnings ratio of 15.74 and a beta of 0.78. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.31. First Defiance Financial has a one year low of $25.14 and a one year high of $35.00.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 16th. Investors of record on Friday, November 9th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.47%. The ex-dividend date is Thursday, November 8th. First Defiance Financial’s dividend payout ratio is currently 38.86%.

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, and certificates of deposit, as well as Certificate of Deposit Account Registry Service; and consumer finance, 1-4 family residential real estate, commercial real estate, construction, consumer, commercial, and home equity and improvement loans.

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Earnings History and Estimates for First Defiance Financial (NASDAQ:FDEF)

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