Insider Buying: First National Financial Co. (TSE:FN) Director Purchases 10,000 Shares of Stock

First National Financial Co. (TSE:FN) Director Martine Irman purchased 10,000 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was bought at an average price of C$36.76 per share, with a total value of C$367,638.00.

First National Financial Trading Up 0.6 %

Shares of TSE:FN traded up C$0.23 during midday trading on Monday, reaching C$36.62. The company’s stock had a trading volume of 33,668 shares, compared to its average volume of 33,326. The firm has a market capitalization of C$2.20 billion, a price-to-earnings ratio of 8.77, a PEG ratio of 0.70 and a beta of 1.06. 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. The firm has a 50 day moving average price of C$37.65 and a two-hundred day moving average price of C$38.07. First National Financial Co. has a fifty-two week low of C$32.86 and a fifty-two week high of C$41.80.

First National Financial (TSE:FN) last announced its quarterly earnings data on Tuesday, March 5th. The company reported C$0.72 earnings per share (EPS) 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 company had revenue of C$199.30 million for the quarter, compared to the consensus estimate of C$164.10 million. As a group, analysts forecast that First National Financial Co. will post 3.9252815 earnings per share for the current year.

First National Financial Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.2042 per share. This is an increase from First National Financial’s previous monthly dividend of $0.20. This represents a $2.45 dividend on an annualized basis and a yield of 6.69%. The ex-dividend date of this dividend is Monday, April 29th. First National Financial’s dividend payout ratio is 59.04%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. BMO Capital Markets cut their price objective on First National Financial from C$41.00 to C$39.00 in a research report on Thursday. Scotiabank cut their price objective on First National Financial from C$45.00 to C$41.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. TD Securities cut their price objective on First National Financial from C$44.00 to C$42.00 in a research report on Thursday. Finally, Royal Bank of Canada reduced their price target on First National Financial from C$43.00 to C$41.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 1st. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, First National Financial presently has an average rating of “Hold” and an average price target of C$40.17.

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.