Brokerages Set First National Financial Co. (TSE:FN) PT at C$40.17

Shares of First National Financial Co. (TSE:FN) have been assigned an average recommendation of “Hold” from the six analysts that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$40.17.

FN has been the subject of a number of research reports. Scotiabank reduced their target price on shares of First National Financial from C$45.00 to C$41.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. BMO Capital Markets reduced their price objective on shares of First National Financial from C$41.00 to C$39.00 in a research note on Thursday, May 2nd. Royal Bank of Canada dropped their target price 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 research report on Wednesday, May 1st. Finally, TD Securities reduced their price target on shares of First National Financial from C$44.00 to C$42.00 in a research report on Thursday, May 2nd.

Insider Transactions at First National Financial

In other news, Director Martine Irman acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were purchased at an average price of C$36.76 per share, for a total transaction of C$367,638.00. 71.45% of the stock is currently owned by company insiders.

First National Financial Trading Up 0.9 %

First National Financial stock opened at C$36.71 on Friday. First National Financial has a 12-month low of C$32.86 and a 12-month 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. The stock has a market capitalization of C$2.20 billion, a PE ratio of 8.85, a price-to-earnings-growth ratio of 0.70 and a beta of 1.06. The firm has a 50 day simple moving average of C$37.58 and a 200-day simple moving average of C$38.08.

First National Financial (TSE:FN) last issued its quarterly earnings results on Tuesday, March 5th. The company reported C$0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.22 by C$0.50. The company had revenue of C$199.30 million for the quarter, compared to analysts’ expectations 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, equities research analysts expect that First National Financial will post 3.9252815 EPS for the current fiscal year.

First National Financial Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.2042 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $2.45 dividend on an annualized basis and a dividend yield of 6.68%. This is a positive change from First National Financial’s previous monthly dividend of $0.20. 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.