Zacks: Analysts Expect First Defiance Financial Corp. (FDEF) Will Announce Earnings of $0.87 Per Share
Equities analysts expect that First Defiance Financial Corp. (NASDAQ:FDEF) will post earnings per share of $0.87 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for First Defiance Financial Corp.’s earnings, with estimates ranging from $0.86 to $0.87. First Defiance Financial Corp. reported earnings of $0.78 per share during the same quarter last year, which indicates a positive year over year growth rate of 11.5%. The business is expected to announce its next quarterly earnings results on Monday, October 16th.
On average, analysts expect that First Defiance Financial Corp. will report full year earnings of $3.38 per share for the current financial year, with EPS estimates ranging from $3.37 to $3.38. For the next year, analysts anticipate that the business will post earnings of $3.55 per share, with EPS estimates ranging from $3.50 to $3.59. Zacks’ EPS calculations are an average based on a survey of research firms that cover First Defiance Financial Corp..
First Defiance Financial Corp. (NASDAQ:FDEF) last released its earnings results on Monday, July 17th. The savings and loans company reported $0.82 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.84 by $0.02. First Defiance Financial Corp. had a return on equity of 9.35% and a net margin of 20.85%. The firm had revenue of $34.77 million for the quarter, compared to analysts’ expectations of $33.88 million.
Several equities research analysts have issued reports on the company. Zacks Investment Research downgraded First Defiance Financial Corp. from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. BidaskClub downgraded First Defiance Financial Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Sandler O’Neill upgraded First Defiance Financial Corp. from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Wednesday, July 19th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $51.00 price target on shares of First Defiance Financial Corp. in a report on Wednesday, June 28th. Finally, ValuEngine downgraded First Defiance Financial Corp. from a “buy” rating to a “hold” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $55.33.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in First Defiance Financial Corp. by 14.4% during the 2nd quarter. Vanguard Group Inc. now owns 403,802 shares of the savings and loans company’s stock worth $21,272,000 after acquiring an additional 50,760 shares during the period. LSV Asset Management boosted its position in First Defiance Financial Corp. by 19.9% during the 1st quarter. LSV Asset Management now owns 224,081 shares of the savings and loans company’s stock worth $11,094,000 after acquiring an additional 37,220 shares during the period. Seizert Capital Partners LLC acquired a new position in First Defiance Financial Corp. during the 1st quarter worth $1,832,000. AQR Capital Management LLC boosted its position in First Defiance Financial Corp. by 32.7% during the 1st quarter. AQR Capital Management LLC now owns 146,112 shares of the savings and loans company’s stock worth $7,234,000 after acquiring an additional 35,984 shares during the period. Finally, Thrivent Financial For Lutherans acquired a new position in First Defiance Financial Corp. during the 2nd quarter worth $1,487,000. Institutional investors own 63.89% of the company’s stock.
First Defiance Financial Corp. (FDEF) traded down 0.12% during mid-day trading on Thursday, hitting $48.90. 12,473 shares of the company were exchanged. First Defiance Financial Corp. has a 12 month low of $36.91 and a 12 month high of $56.90. The stock has a market cap of $496.34 million, a price-to-earnings ratio of 16.52 and a beta of 0.91. The firm has a 50 day moving average price of $50.08 and a 200 day moving average price of $51.45.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Friday, August 18th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, August 16th. This represents a $1.00 dividend on an annualized basis and a yield of 2.04%. First Defiance Financial Corp.’s dividend payout ratio is currently 33.90%.
About First Defiance Financial Corp.
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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