BMO Capital Markets Cuts First National Financial (TSE:FN) Price Target to C$39.00

First National Financial (TSE:FN) had its price objective decreased by BMO Capital Markets from C$41.00 to C$39.00 in a research report report published on Thursday morning, BayStreet.CA reports.

FN has been the subject of a number of other research reports. TD Securities boosted their target price on shares of First National Financial from C$41.00 to C$44.00 and gave the stock a hold rating in a research note on Thursday, March 7th. Royal Bank of Canada dropped their price objective 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. Finally, Scotiabank decreased their target price on First National Financial from C$45.00 to C$41.00 and set an outperform rating for the company in a research note on Wednesday. Five equities 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, First National Financial currently has a consensus rating of Hold and an average price target of C$40.17.

First National Financial Trading Up 0.3 %

Shares of FN opened at C$36.39 on Thursday. First National Financial has a 12-month low of C$32.86 and a 12-month high of C$41.80. The firm has a market capitalization of C$2.18 billion, a P/E ratio of 8.77, a P/E/G ratio of 0.70 and a beta of 1.06. The firm has a 50-day moving average price of C$37.65 and a 200 day moving average price of C$38.04. The company has a current ratio of 10.29, a quick ratio of 10.11 and a debt-to-equity ratio of 6,070.47.

First National Financial (TSE:FN) last released its quarterly earnings results on Tuesday, March 5th. The company reported C$0.72 earnings per share 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 business had revenue of C$199.30 million during the quarter, compared to analysts’ expectations of C$164.10 million. Sell-side analysts forecast that First National Financial will post 3.9252815 EPS for the current year.

First National Financial Increases Dividend

The business also recently announced 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. The ex-dividend date is Monday, April 29th. This represents a $2.45 dividend on an annualized basis and a yield of 6.73%. This is a positive change from First National Financial’s previous monthly dividend of $0.20. First National Financial’s dividend 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.