First National Financial Co. (TSE:FN) Insider Buys C$900,259.92 in Stock

First National Financial Co. (TSE:FN) insider FNSC Holdings Inc. acquired 24,084 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was purchased at an average cost of C$37.38 per share, with a total value of C$900,259.92.

FNSC Holdings Inc. also recently made the following trade(s):

• On Thursday, May 2nd, FNSC Holdings Inc. bought 20,539 shares of First National Financial stock. The stock was purchased at an average price of C$38.36 per share, for a total transaction of C$787,876.04.

First National Financial Trading Down 0.1 %

TSE:FN opened at C$36.41 on Friday. First National Financial Co. has a 12-month low of C$32.86 and a 12-month high of C$41.80. The firm has a market cap of C$2.18 billion, a PE ratio of 8.29, a price-to-earnings-growth ratio of 0.70 and a beta of 1.06. The company has a current ratio of 16.25, a quick ratio of 10.11 and a debt-to-equity ratio of 5,813.50. The stock has a fifty day moving average price of C$37.17 and a 200 day moving average price of C$38.16.

First National Financial (TSE:FN) last issued its earnings results on Tuesday, April 30th. The company reported C$0.82 earnings per share for the quarter. First National Financial had a net margin of 34.57% and a return on equity of 36.66%. The firm had revenue of C$518.05 million for the quarter. Sell-side analysts anticipate that First National Financial Co. will post 3.734359 earnings per share for the current fiscal year.

First National Financial Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a dividend of $0.204 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.45 annualized dividend and a dividend yield of 6.72%. First National Financial’s dividend payout ratio (DPR) is currently 55.81%.

Analyst Upgrades and Downgrades

FN has been the topic of several analyst reports. BMO Capital Markets reduced their price target on shares of First National Financial from C$41.00 to C$39.00 in a research report on Thursday, May 2nd. Royal Bank of Canada decreased their price target on First National Financial from C$43.00 to C$41.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 1st. 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. Finally, TD Securities decreased their target price on shares of First National Financial from C$44.00 to C$42.00 in a research report on Thursday, May 2nd. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, First National Financial presently has an average rating of “Hold” and a consensus target price 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.