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

First National Financial Co. (TSE:FN) has been given a consensus rating of “Hold” by the six research firms that are covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$40.17.

Several research firms recently commented on FN. Royal Bank of Canada reduced their price objective on shares of 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. Scotiabank lowered 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. BMO Capital Markets reduced their target price on First National Financial from C$41.00 to C$39.00 in a research report on Thursday, May 2nd. Finally, TD Securities lowered their price target on First National Financial from C$44.00 to C$42.00 in a report on Thursday, May 2nd.

First National Financial Trading Up 0.9 %

First National Financial stock opened at C$36.71 on Friday. The stock has a market cap of C$2.20 billion, a P/E ratio of 8.85, a PEG ratio of 0.70 and a beta of 1.06. The firm’s 50 day moving average price is C$37.58 and its 200-day moving average price is C$38.08. First National Financial has a 1 year low of C$32.86 and a 1 year high of C$41.80. The company has a debt-to-equity ratio of 6,070.47, a current ratio of 10.29 and a quick ratio of 10.11.

First National Financial (TSE:FN) last released its quarterly earnings data on Tuesday, March 5th. The company reported C$0.72 EPS for the quarter, beating the consensus estimate of C$0.22 by C$0.50. The business had revenue of C$199.30 million during the quarter, compared to analyst estimates of C$164.10 million. First National Financial had a net margin of 33.65% and a return on equity of 35.19%. On average, equities analysts predict that First National Financial will post 3.9252815 earnings per share for the current fiscal year.

First National Financial Increases Dividend

The firm also recently disclosed 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 represents a $2.45 annualized dividend and a yield of 6.68%. The ex-dividend date of this dividend is Monday, April 29th. This is a boost from First National Financial’s previous monthly dividend of $0.20. First National Financial’s dividend payout ratio is currently 59.04%.

Insider Transactions at First National Financial

In related news, Director Martine Irman acquired 10,000 shares of the stock in a transaction on Monday, May 6th. The shares were bought at an average price of C$36.76 per share, with a total value of C$367,638.00. Insiders own 71.45% of the company’s stock.

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.