First National Financial Co. (TSE:FN) Insider FNSC Holdings Inc. Acquires 20,539 Shares

First National Financial Co. (TSE:FN) insider FNSC Holdings Inc. purchased 20,539 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were acquired at an average price of C$38.36 per share, with a total value of C$787,876.04.

First National Financial Stock Performance

TSE:FN opened at C$36.50 on Wednesday. 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. The business has a 50 day moving average of C$37.49 and a 200 day moving average of C$38.10. The company has a market capitalization of C$2.19 billion, a price-to-earnings ratio of 8.80, a PEG ratio of 0.70 and a beta of 1.06. First National Financial Co. has a 1-year low of C$32.86 and a 1-year high of C$41.80.

First National Financial (TSE:FN) last announced its quarterly earnings results on Tuesday, March 5th. The company reported C$0.72 EPS for the quarter, topping analysts’ consensus estimates of C$0.22 by C$0.50. The business 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%. On average, sell-side analysts predict that First National Financial Co. will post 3.9252815 earnings per share for the current fiscal year.

First National Financial Increases Dividend

The business also recently declared 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. This is a boost from First National Financial’s previous monthly dividend of $0.20. This represents a $2.45 dividend on an annualized basis and a yield of 6.71%. The ex-dividend date of this dividend is Monday, April 29th. First National Financial’s payout ratio is 59.04%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FN. BMO Capital Markets dropped their price target on First National Financial from C$41.00 to C$39.00 in a research report on Thursday, May 2nd. TD Securities dropped their target price on First National Financial from C$44.00 to C$42.00 in a research report on Thursday, May 2nd. Royal Bank of Canada dropped their target price 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. Finally, Scotiabank dropped their target price 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. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target 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.