M&T Bank Corp Makes New Investment in FirstService Corporation $FSV

M&T Bank Corp purchased a new position in FirstService Corporation (NASDAQ:FSV) (TSE:FSV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 39,352 shares of the financial services provider’s stock, valued at approximately $6,120,000.

Other hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in FirstService by 17.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,940 shares of the financial services provider’s stock valued at $3,416,000 after acquiring an additional 3,184 shares during the last quarter. Baskin Financial Services Inc. boosted its holdings in shares of FirstService by 0.4% in the 4th quarter. Baskin Financial Services Inc. now owns 251,527 shares of the financial services provider’s stock worth $39,107,000 after purchasing an additional 1,023 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of FirstService by 7.1% in the 4th quarter. Farther Finance Advisors LLC now owns 3,804 shares of the financial services provider’s stock worth $592,000 after purchasing an additional 252 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of FirstService by 40.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 137,612 shares of the financial services provider’s stock valued at $21,403,000 after purchasing an additional 39,686 shares during the last quarter. Finally, Personal CFO Solutions LLC raised its holdings in shares of FirstService by 14.9% during the 4th quarter. Personal CFO Solutions LLC now owns 1,601 shares of the financial services provider’s stock valued at $249,000 after buying an additional 208 shares in the last quarter. 69.35% of the stock is owned by institutional investors.

FirstService Stock Performance

Shares of FSV stock opened at $146.38 on Friday. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 41.35, a PEG ratio of 4.00 and a beta of 1.09. The stock has a fifty day moving average of $146.56 and a 200 day moving average of $155.07. FirstService Corporation has a 52 week low of $133.42 and a 52 week high of $209.66. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.79.

FirstService (NASDAQ:FSV) (TSE:FSV) last issued its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.89 by $0.06. FirstService had a net margin of 2.92% and a return on equity of 18.27%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the business earned $0.92 EPS. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. As a group, research analysts expect that FirstService Corporation will post 5.73 earnings per share for the current year.

FirstService Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 7th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.305 per share. The ex-dividend date was Tuesday, March 31st. This represents a $1.22 annualized dividend and a yield of 0.8%. This is an increase from FirstService’s previous quarterly dividend of $0.28. FirstService’s dividend payout ratio (DPR) is currently 34.46%.

Analysts Set New Price Targets

Several analysts have issued reports on FSV shares. Wall Street Zen lowered FirstService from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $202.00 price objective on shares of FirstService in a research note on Thursday, February 5th. TD Cowen decreased their target price on shares of FirstService from $217.00 to $201.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Weiss Ratings reissued a “hold (c)” rating on shares of FirstService in a research note on Friday, March 27th. Finally, TD Securities set a $204.00 price objective on FirstService in a research note on Friday. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $205.88.

Key Headlines Impacting FirstService

Here are the key news stories impacting FirstService this week:

• Positive Sentiment: Q1 results beat expectations — FirstService reported $0.95 EPS (vs. consensus ~ $0.89–$0.90) and $1.30B in revenue, up ~5.3% year‑over‑year. The underlying beat supports the firm’s growth profile and helps justify upside to current levels. FirstService Q1 Results (MarketBeat)
• Positive Sentiment: TD raised its price target to $204 and kept a “buy” rating, implying roughly a 39% upside from the cited current price — a vote of confidence from a major bank that can support the stock on optimism about longer‑term earnings. TD Raises Price Target to $204 (BayStreet.CA)
• Neutral Sentiment: Earnings‑call color: management balanced growth commentary with mention of headwinds, which gives investors more nuance but no clear directional change to guidance — investors will watch for how persistent those headwinds are. Earnings Call Highlights (TipRanks)
• Neutral Sentiment: Full earnings transcript is available for detail — useful for investors who want management’s exact comments on margins, cost dynamics and backlog. Q1 2026 Earnings Transcript (The Motley Fool)
• Negative Sentiment: Scotiabank cut its price target from $205 to $190 (still a “sector outperform”), trimming some analyst enthusiasm and reducing the implied upside — a target cut can pressure sentiment even when the rating remains positive. Scotiabank Lowers Target to $190 (BayStreet.CA)

FirstService Company Profile

FirstService Corporation, founded in 1989 and headquartered in Toronto, Ontario, is a leading provider of property services in North America. The company operates through two principal segments—FirstService Residential and FirstService Brands—offering a broad range of services to residential, commercial and homeowner association clients.

FirstService Residential delivers community management, financial oversight and consulting services to thousands of residential communities across the United States and Canada.