Martine Irman Acquires 10,000 Shares of First National Financial Co. (TSE:FN) Stock

First National Financial Co. (TSE:FN) Director Martine Irman bought 10,000 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was acquired at an average price of C$36.76 per share, for a total transaction of C$367,638.00.

First National Financial Price Performance

First National Financial stock opened at C$36.50 on Wednesday. The stock’s 50 day moving average is C$37.49 and its 200 day moving average is C$38.10. 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 firm has a market cap of C$2.19 billion, a P/E ratio of 8.80, a P/E/G ratio of 0.70 and a beta of 1.06. First National Financial Co. has a one year low of C$32.86 and a one year high of C$41.80.

First National Financial (TSE:FN) last posted 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 for the quarter, compared to analyst estimates of C$164.10 million. First National Financial had a return on equity of 35.19% and a net margin of 33.65%. As a group, research analysts expect that First National Financial Co. will post 3.9252815 EPS for the current year.

First National Financial Increases Dividend

The business 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 $0.2042 dividend. This is a positive change from First National Financial’s previous monthly dividend of $0.20. This represents a $2.45 dividend on an annualized basis and a dividend yield of 6.71%. The ex-dividend date is Monday, April 29th. First National Financial’s payout ratio is currently 59.04%.

Analyst Ratings Changes

FN has been the topic of a number of recent analyst reports. TD Securities decreased 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 reduced their price target on First National Financial from C$43.00 to C$41.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 1st. Scotiabank reduced their price target on First National Financial from C$45.00 to C$41.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. Finally, BMO Capital Markets reduced their price target on First National Financial from C$41.00 to C$39.00 in a report on Thursday, May 2nd. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$40.17.

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.