First National Financial (TSE:FN) Price Target Lowered to C$41.00 at Royal Bank of Canada

First National Financial (TSE:FN) had its price objective decreased by Royal Bank of Canada from C$43.00 to C$41.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

A number of other equities analysts also recently commented on the company. TD Securities lifted their price objective on First National Financial from C$41.00 to C$44.00 and gave the stock a hold rating in a research report on Thursday, March 7th. Scotiabank raised their target price on First National Financial from C$44.00 to C$45.00 and gave the stock a sector perform rating in a research note on Wednesday, January 31st. Finally, BMO Capital Markets cut their target price on 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 investment 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 stock has a consensus rating of Hold and a consensus target price of C$40.83.

First National Financial Stock Performance

TSE FN opened at C$35.68 on Wednesday. The company has a market cap of C$2.14 billion, a PE ratio of 8.60, a price-to-earnings-growth ratio of 0.70 and a beta of 1.06. The stock’s 50 day simple moving average is C$37.80 and its 200-day simple moving average is C$38.03. 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 debt-to-equity ratio of 6,070.47, a current ratio of 10.29 and a quick ratio of 10.11.

First National Financial (TSE:FN) last announced 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. First National Financial had a return on equity of 35.19% and a net margin of 33.65%. The firm had revenue of C$199.30 million for the quarter, compared to the consensus estimate of C$164.10 million. As a group, equities research analysts anticipate that First National Financial will post 3.9252815 EPS for the current fiscal year.

First National Financial Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a $0.2042 dividend. The ex-dividend date is Monday, April 29th. 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 dividend yield of 6.87%. First National Financial’s payout ratio is presently 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.