First National Financial (TSE:FN – Free Report) had its price target decreased by Scotiabank from C$45.00 to C$41.00 in a research report released on Wednesday, BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.
FN has been the subject of several other reports. TD Securities lifted their price target on shares of First National Financial from C$41.00 to C$44.00 and gave the company a hold rating in a report on Thursday, March 7th. Royal Bank of Canada dropped their target price 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. Finally, BMO Capital Markets dropped their target price on shares of First National Financial from C$44.00 to C$41.00 and set a market perform rating for the company in a research note on Thursday, March 7th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, First National Financial currently has an average rating of Hold and an average target price of C$40.83.
View Our Latest Stock Report on FN
First National Financial Price Performance
First National Financial (TSE:FN – Get Free Report) last released its quarterly earnings data 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 company had revenue of C$199.30 million during the quarter, compared to the consensus estimate of C$164.10 million. First National Financial had a net margin of 33.65% and a return on equity of 35.19%. As a group, equities research analysts anticipate 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 declared a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.2042 per share. This is a boost from First National Financial’s previous monthly dividend of $0.20. The ex-dividend date is Monday, April 29th. This represents a $2.45 annualized dividend and a dividend yield of 6.87%. First National Financial’s payout ratio 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.
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