First National Financial (TSE:FN) PT Lowered to C$41.00

First National Financial (TSE:FN) had its price objective reduced by Scotiabank from C$45.00 to C$41.00 in a research report released on Wednesday, BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

A number of other equities research analysts have also commented on FN. BMO Capital Markets dropped their price target on First National Financial from C$44.00 to C$41.00 and set a market perform rating on the stock in a research report on Thursday, March 7th. TD Securities raised their target price on shares of First National Financial from C$41.00 to C$44.00 and gave the stock a hold rating in a report on Thursday, March 7th. Finally, Royal Bank of Canada reduced their price target on shares of First National Financial from C$43.00 to C$41.00 and set a sector perform rating for the company in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of C$40.17.

First National Financial Stock Up 0.3 %

Shares of TSE:FN opened at C$36.39 on Wednesday. The company has a 50 day moving average price of C$37.65 and a two-hundred day moving average price of C$38.04. The company has a market capitalization of C$2.18 billion, a PE ratio of 8.77, a PEG ratio of 0.70 and a beta of 1.06. First National Financial has a 52 week low of C$32.86 and a 52 week high of C$41.80. 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 released its quarterly earnings data on Tuesday, March 5th. The company reported C$0.72 EPS for the quarter, beating analysts’ consensus estimates of C$0.22 by C$0.50. The business had revenue of C$199.30 million during the quarter, compared to analysts’ expectations of C$164.10 million. First National Financial had a net margin of 33.65% and a return on equity of 35.19%. Analysts forecast that First National Financial will post 3.9252815 earnings per share for the current year.

First National Financial Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a $0.2042 dividend. This is a boost from First National Financial’s previous monthly dividend of $0.20. The ex-dividend date of this dividend is Monday, April 29th. This represents a $2.45 annualized dividend and a yield of 6.73%. First National Financial’s payout ratio is presently 59.04%.

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.