First National Financial Co. to Issue Monthly Dividend of $0.20 (TSE:FN)

First National Financial Co. (TSE:FN) announced a monthly dividend on Monday, September 16th, Zacks reports. Stockholders of record on Friday, September 27th will be paid a dividend of 0.204 per share on Tuesday, October 15th. This represents a $2.45 dividend on an annualized basis and a dividend yield of 6.39%. The ex-dividend date of this dividend is Friday, September 27th.

First National Financial Stock Performance

First National Financial stock opened at C$38.31 on Wednesday. The firm has a fifty day simple moving average of C$37.18 and a two-hundred day simple moving average of C$36.90. First National Financial has a twelve month low of C$32.86 and a twelve month high of C$41.41. The company has a market capitalization of C$2.30 billion, a PE ratio of 10.08, a P/E/G ratio of 0.70 and a beta of 1.04. The company has a quick ratio of 10.11, a current ratio of 8.92 and a debt-to-equity ratio of 6,280.61.

First National Financial (TSE:FN) last released its earnings results on Tuesday, July 30th. The company reported C$0.89 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.93 by C($0.04). First National Financial had a net margin of 32.60% and a return on equity of 30.22%. The company had revenue of C$205.45 million during the quarter, compared to the consensus estimate of C$227.10 million. Research analysts expect that First National Financial will post 4.0384205 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Scotiabank increased their price objective on First National Financial from C$41.00 to C$44.00 in a research note on Wednesday, July 24th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, First National Financial has an average rating of “Hold” and a consensus price target of C$40.67.

Insiders Place Their Bets

In other First National Financial news, insider FNSC Holdings Inc. bought 41,145 shares of First National Financial stock in a transaction dated Wednesday, July 10th. The shares were purchased at an average cost of C$35.86 per share, with a total value of C$1,475,459.70. Company insiders own 71.45% of the company’s stock.

First National Financial Company Profile

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.