CIBC Boosts First National Financial (TSE:FN) Price Target to C$44.00

First National Financial (TSE:FN) had its price objective boosted by stock analysts at CIBC from C$40.00 to C$44.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. CIBC’s price target suggests a potential upside of 5.16% from the company’s current price.

Separately, Scotiabank raised their target price on shares of First National Financial from C$41.00 to C$44.00 in a research report on Wednesday, July 24th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$42.67.

First National Financial Stock Up 1.9 %

First National Financial stock traded up C$0.79 during midday trading on Wednesday, reaching C$41.84. The stock had a trading volume of 84,278 shares, compared to its average volume of 30,408. The stock has a market capitalization of C$2.51 billion, a P/E ratio of 11.06, a price-to-earnings-growth ratio of 0.70 and a beta of 1.04. The firm’s fifty day simple moving average is C$38.67 and its 200-day simple moving average is C$37.37. The company has a debt-to-equity ratio of 6,280.61, a quick ratio of 10.11 and a current ratio of 8.92. First National Financial has a 1-year low of C$34.54 and a 1-year high of C$42.74.

First National Financial (TSE:FN) last posted its quarterly earnings data on Tuesday, July 30th. The company reported C$0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.93 by C($0.04). The business had revenue of C$205.45 million during the quarter, compared to analyst estimates of C$227.10 million. First National Financial had a net margin of 32.60% and a return on equity of 30.22%. As a group, analysts expect that First National Financial will post 4.0243655 EPS for the current fiscal year.

Insider Transactions at First National Financial

In other First National Financial news, insider FNSC Holdings Inc. acquired 25,774 shares of the company’s stock in a transaction on Monday, October 7th. The shares were purchased at an average price of C$38.81 per share, for a total transaction of C$1,000,288.94. 71.45% of the stock is owned by company insiders.

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.