First National Financial (TSE:FN) Stock Price Expected to Rise, Scotiabank Analyst Says

First National Financial (TSE:FN) had its price target raised by Scotiabank from C$44.00 to C$45.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 10.81% from the company’s current price.

A number of other research analysts have also recently commented on the company. BMO Capital Markets raised their price target on First National Financial from C$41.00 to C$42.00 in a research report on Thursday. TD Securities reduced their price objective on shares of First National Financial from C$46.00 to C$45.00 and set a “buy” rating on the stock in a research note on Thursday. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, First National Financial currently has a consensus rating of “Hold” and a consensus price target of C$43.17.

First National Financial Price Performance

TSE:FN traded up C$0.32 during trading hours on Thursday, reaching C$40.61. 29,055 shares of the company were exchanged, compared to its average volume of 31,070. The business has a 50 day moving average of C$40.43 and a 200 day moving average of C$40.29. First National Financial has a 1-year low of C$35.15 and a 1-year high of C$45.10. The company has a market capitalization of C$2.44 billion, a P/E ratio of 13.22, a P/E/G ratio of 0.70 and a beta of 1.04.

Insider Transactions at First National Financial

In other news, insider FNSC Holdings Inc. purchased 742 shares of First National Financial stock in a transaction dated Wednesday, December 18th. The shares were bought at an average cost of C$40.50 per share, for a total transaction of C$30,051.00. Over the last ninety days, insiders purchased 31,950 shares of company stock worth $1,280,390. Corporate insiders own 71.45% of the company’s stock.

First National Financial Company Profile

First National Financial Corp is the parent company of First National Financial LP, a Canadian originator, underwriter, and servicer of predominantly prime residential and commercial mortgages. The company controls its First National Mortgage Investment Fund, which manages economic exposure to a diversified portfolio of primarily commercial mezzanine mortgages.