Q1 2024 Earnings Forecast for First National Financial Co. Issued By National Bank Financial (TSE:FN)

First National Financial Co. (TSE:FN) – Research analysts at National Bank Financial issued their Q1 2024 EPS estimates for shares of First National Financial in a research note issued on Monday, April 29th. National Bank Financial analyst J. Gloyn anticipates that the company will post earnings per share of $0.77 for the quarter. The consensus estimate for First National Financial’s current full-year earnings is $3.93 per share. National Bank Financial also issued estimates for First National Financial’s Q2 2024 earnings at $1.02 EPS, Q3 2024 earnings at $1.13 EPS and Q4 2024 earnings at $1.00 EPS.

First National Financial (TSE:FN) last posted its quarterly earnings results on Tuesday, March 5th. The company reported C$0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.22 by C$0.50. First National Financial had a net margin of 33.65% and a return on equity of 35.19%. The company had revenue of C$199.30 million for the quarter, compared to the consensus estimate of C$164.10 million.

A number of other research firms have also recently weighed in on FN. Scotiabank dropped their price objective on shares of First National Financial from C$45.00 to C$41.00 and set an “outperform” rating on the stock in a report on Wednesday. BMO Capital Markets dropped their price objective on shares of First National Financial from C$44.00 to C$41.00 and set a “market perform” rating on the stock in a report on Thursday, March 7th. Royal Bank of Canada dropped their price objective on shares of 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. Finally, TD Securities raised their target price on shares of First National Financial from C$41.00 to C$44.00 and gave the company a “hold” rating in a research note on Thursday, March 7th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$40.83.

First National Financial Trading Down 7.0 %

First National Financial stock opened at C$35.68 on Wednesday. The firm’s 50-day moving average is C$37.80 and its 200-day moving average is C$38.03. The company has a debt-to-equity ratio of 6,070.47, a quick ratio of 10.11 and a current ratio of 10.29. 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 market cap of C$2.14 billion, a P/E ratio of 8.60, a PEG ratio of 0.70 and a beta of 1.06.

First National Financial Increases Dividend

The firm also recently disclosed 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 positive change 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 dividend payout ratio (DPR) is 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.