Brokerages Set First National Financial Co. (TSE:FN) Target Price at C$40.17

Shares of First National Financial Co. (TSE:FN) have earned a consensus recommendation of “Hold” from the six research firms that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$40.17.

Several brokerages recently issued reports on FN. Royal Bank of Canada decreased their price objective on First National Financial from C$43.00 to C$41.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 1st. BMO Capital Markets reduced their price target on shares of First National Financial from C$41.00 to C$39.00 in a report on Thursday, May 2nd. TD Securities dropped their price objective on shares of First National Financial from C$44.00 to C$42.00 in a report on Thursday, May 2nd. Finally, Scotiabank reduced their target price on shares of First National Financial from C$45.00 to C$41.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st.

First National Financial Stock Performance

FN stock opened at C$36.54 on Friday. The company has a quick ratio of 10.11, a current ratio of 10.29 and a debt-to-equity ratio of 6,070.47. First National Financial has a twelve month low of C$32.86 and a twelve month high of C$41.80. The business’s fifty day moving average is C$37.41 and its 200-day moving average is C$38.09. The company has a market cap of C$2.19 billion, a P/E ratio of 8.80, a price-to-earnings-growth ratio of 0.70 and a beta of 1.06.

First National Financial (TSE:FN) last issued its earnings results on Tuesday, March 5th. The company reported C$0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.22 by C$0.50. The firm had revenue of C$199.30 million for the quarter, compared to analysts’ expectations of C$164.10 million. First National Financial had a return on equity of 35.19% and a net margin of 33.65%. Equities research analysts forecast that First National Financial will post 3.9252815 EPS for the current year.

First National Financial Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a $0.2042 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $2.45 dividend on an annualized basis and a yield of 6.71%. This is an increase from First National Financial’s previous monthly dividend of $0.20. First National Financial’s dividend payout ratio (DPR) is 59.04%.

Insider Buying and Selling

In other news, insider FNSC Holdings Inc. bought 20,539 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were acquired at an average cost of C$38.36 per share, for a total transaction of C$787,876.04. In other First National Financial news, insider FNSC Holdings Inc. acquired 20,539 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were purchased at an average price of C$38.36 per share, for a total transaction of C$787,876.04. Also, Director Martine Irman bought 10,000 shares of First National Financial stock in a transaction dated Monday, May 6th. The shares were acquired at an average price of C$36.76 per share, with a total value of C$367,638.00. 71.45% of the stock is currently owned by corporate insiders.

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.