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

Shares of First National Financial Co. (TSE:FN) have received a consensus recommendation of “Hold” from the six research firms that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$40.17.

FN has been the subject of a number of research reports. BMO Capital Markets reduced their target price on shares of First National Financial from C$41.00 to C$39.00 in a research report on Thursday, May 2nd. TD Securities decreased their target price on First National Financial from C$44.00 to C$42.00 in a research report on Thursday, May 2nd. Scotiabank dropped their price target on First National Financial from C$45.00 to C$41.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Finally, 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 report on Wednesday, May 1st.

Insider Activity

In other news, insider FNSC Holdings Inc. bought 20,539 shares of the stock in a transaction 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, Director Martine Irman purchased 10,000 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was purchased at an average price of C$36.76 per share, for a total transaction of C$367,638.00. Also, insider FNSC Holdings Inc. acquired 20,539 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was bought at an average price of C$38.36 per share, for a total transaction of C$787,876.04. Company insiders own 71.45% of the company’s stock.

First National Financial Stock Performance

Shares of First National Financial stock opened at C$36.54 on Friday. The firm has a market capitalization 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. The company has a current ratio of 10.29, a quick ratio of 10.11 and a debt-to-equity ratio of 6,070.47. The business’s fifty day simple moving average is C$37.41 and its 200 day simple moving average is C$38.09. First National Financial has a 12 month low of C$32.86 and a 12 month high of C$41.80.

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

First National Financial Increases Dividend

The business 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. The ex-dividend date is Monday, April 29th. This represents a $2.45 annualized dividend 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 currently 59.04%.

About First National Financial

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.