First Defiance Financial (NASDAQ:FDEF) Expected to Post Quarterly Sales of $39.58 Million
Wall Street brokerages forecast that First Defiance Financial (NASDAQ:FDEF) will announce $39.58 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for First Defiance Financial’s earnings, with the lowest sales estimate coming in at $39.50 million and the highest estimate coming in at $39.65 million. First Defiance Financial posted sales of $36.76 million during the same quarter last year, which suggests a positive year-over-year growth rate of 7.7%. The business is scheduled to announce its next earnings report after the market closes on Monday, July 22nd.
According to Zacks, analysts expect that First Defiance Financial will report full year sales of $159.69 million for the current fiscal year, with estimates ranging from $159.40 million to $159.98 million. For the next financial year, analysts anticipate that the company will post sales of $164.31 million, with estimates ranging from $163.00 million to $165.61 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for First Defiance Financial.
First Defiance Financial (NASDAQ:FDEF) last released its quarterly earnings results on Monday, April 22nd. The savings and loans company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.02. The firm had revenue of $39.08 million during the quarter, compared to analyst estimates of $36.40 million. First Defiance Financial had a return on equity of 11.51% and a net margin of 27.21%.
In other news, insider Donald P. Hileman sold 1,000 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $29.08, for a total value of $29,080.00. Following the sale, the insider now owns 72,960 shares in the company, valued at $2,121,676.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John R. Reisner sold 1,700 shares of the company’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $27.03, for a total value of $45,951.00. Following the completion of the sale, 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 corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of First Defiance Financial in the first quarter worth about $28,000. FMR LLC boosted its stake in shares of First Defiance Financial by 347.5% in the first quarter. FMR LLC now owns 1,544 shares of the savings and loans company’s stock worth $44,000 after buying an additional 1,199 shares during the last quarter. Creative Financial Designs Inc. ADV purchased a new stake in shares of First Defiance Financial in the first quarter worth about $95,000. BNP Paribas Arbitrage SA boosted its stake in shares of First Defiance Financial by 384.3% in the first quarter. BNP Paribas Arbitrage SA now owns 4,175 shares of the savings and loans company’s stock worth $120,000 after buying an additional 3,313 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of First Defiance Financial in the first quarter worth about $142,000. Hedge funds and other institutional investors own 63.97% of the company’s stock.
Shares of FDEF traded down $0.10 during trading hours on Monday, hitting $27.17. The company had a trading volume of 36,700 shares, compared to its average volume of 52,133. The business’s fifty day moving average price is $27.70. First Defiance Financial has a one year low of $22.78 and a one year high of $33.74. The company has a market cap of $537.76 million, a P/E ratio of 12.18 and a beta of 0.98. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.99 and a quick ratio of 0.98.
First Defiance Financial Company Profile
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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