First National Financial Co. (FN) To Go Ex-Dividend on April 29th

First National Financial Co. (TSE:FN) announced a monthly dividend on Monday, April 15th, TickerTech reports. Stockholders of record on Tuesday, April 30th will be paid a dividend of 0.2042 per share on Wednesday, May 15th. This represents a $2.45 annualized dividend and a dividend yield of 6.59%. The ex-dividend date of this dividend is Monday, April 29th. This is an increase from First National Financial’s previous monthly dividend of $0.20.

First National Financial Stock Performance

Shares of TSE:FN traded down C$0.42 during trading on Wednesday, hitting C$37.19. 3,937 shares of the stock were exchanged, compared to its average volume of 32,390. First National Financial has a 1-year low of C$32.86 and a 1-year high of C$41.80. The company has a market capitalization of C$2.23 billion, a price-to-earnings ratio of 9.01, a price-to-earnings-growth ratio of 0.70 and a beta of 1.10. The company’s fifty day simple moving average is C$38.30 and its 200-day simple moving average is C$37.87. The company has a debt-to-equity ratio of 6,070.47, a quick ratio of 10.11 and a current ratio of 10.29.

First National Financial (TSE:FN) last posted its quarterly earnings results on Tuesday, March 5th. The company reported C$0.72 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.22 by C$0.50. First National Financial had a return on equity of 35.19% and a net margin of 33.65%. The firm had revenue of C$199.30 million during the quarter, compared to the consensus estimate of C$164.10 million. Sell-side analysts expect that First National Financial will post 3.8981289 EPS for the current fiscal year.

Analysts Set New Price Targets

FN has been the subject of several analyst reports. Scotiabank lifted their price objective on First National Financial from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a report on Wednesday, January 31st. TD Securities boosted their price objective on First National Financial from C$41.00 to C$44.00 and gave the stock a “hold” rating in a research report on Thursday, March 7th. BMO Capital Markets cut their target price on First National Financial from C$44.00 to C$41.00 and set a “market perform” rating on the stock in a report on Thursday, March 7th. Finally, Royal Bank of Canada boosted their price objective on First National Financial from C$42.00 to C$43.00 in a research note on Thursday, January 4th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$41.83.

First National Financial Company Profile

First National Financial Corporation, together with its subsidiaries, originates, underwrites, and services commercial and residential mortgages in Canada. It operates in two segments, Residential and Commercial segments. The company offers single-family and multi-unit residential, and commercial mortgages.