Analysts Anticipate First Defiance Financial (FDEF) Will Announce Earnings of $0.55 Per Share

Equities analysts expect that First Defiance Financial (NASDAQ:FDEF) will post earnings per share of $0.55 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for First Defiance Financial’s earnings, with estimates ranging from $0.54 to $0.55. First Defiance Financial reported earnings of $0.46 per share during the same quarter last year, which indicates a positive year over year growth rate of 19.6%. The business is expected to announce its next quarterly earnings results on Monday, October 15th.

On average, analysts expect that First Defiance Financial will report full year earnings of $2.21 per share for the current financial year, with EPS estimates ranging from $2.20 to $2.22. For the next year, analysts anticipate that the business will post earnings of $2.29 per share, with EPS estimates ranging from $2.28 to $2.30. Zacks’ EPS calculations are an average based on a survey of research firms that cover First Defiance Financial.

First Defiance Financial (NASDAQ:FDEF) last issued its quarterly earnings results on Monday, July 16th. The savings and loans company reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.03. First Defiance Financial had a return on equity of 11.09% and a net margin of 26.66%. The business had revenue of $36.76 million during the quarter, compared to the consensus estimate of $36.60 million.

FDEF has been the subject of a number of recent research reports. BidaskClub downgraded First Defiance Financial from a “sell” rating to a “strong sell” rating in a research note on Thursday. Zacks Investment Research upgraded First Defiance Financial from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Friday, June 29th. Sandler O’Neill downgraded First Defiance Financial from a “buy” rating to a “hold” rating and set a $35.00 price objective for the company. in a research note on Tuesday, July 10th. Finally, ValuEngine upgraded First Defiance Financial from a “hold” rating to a “buy” rating in a research note on Thursday, July 5th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. First Defiance Financial currently has a consensus rating of “Hold” and a consensus target price of $33.67.

Shares of NASDAQ FDEF traded down $0.26 during trading on Friday, reaching $29.85. The stock had a trading volume of 51,238 shares, compared to its average volume of 55,140. First Defiance Financial has a one year low of $25.14 and a one year high of $35.00. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $622.64 million, a price-to-earnings ratio of 17.08 and a beta of 0.69.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. United Services Automobile Association grew its stake in First Defiance Financial by 63.6% during the 2nd quarter. United Services Automobile Association now owns 27,783 shares of the savings and loans company’s stock worth $1,863,000 after buying an additional 10,800 shares during the last quarter. Northern Trust Corp grew its stake in First Defiance Financial by 24.8% during the 2nd quarter. Northern Trust Corp now owns 206,790 shares of the savings and loans company’s stock worth $13,867,000 after buying an additional 41,062 shares during the last quarter. California Public Employees Retirement System grew its stake in First Defiance Financial by 8.3% during the 2nd quarter. California Public Employees Retirement System now owns 40,355 shares of the savings and loans company’s stock worth $2,706,000 after buying an additional 3,104 shares during the last quarter. Peloton Wealth Strategists bought a new position in First Defiance Financial during the 2nd quarter worth $220,000. Finally, Zacks Investment Management bought a new position in First Defiance Financial during the 2nd quarter worth $2,064,000. Hedge funds and other institutional investors own 33.23% of the company’s stock.

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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