First National Financial (TSE:FN) Price Target Increased to C$44.00 by Analysts at Scotiabank

First National Financial (TSE:FN) had its target price raised by Scotiabank from C$41.00 to C$44.00 in a report issued on Wednesday morning, BayStreet.CA reports.

Several other analysts have also recently issued reports on FN. TD Securities cut their target price on First National Financial from C$44.00 to C$42.00 in a research report on Thursday, May 2nd. Royal Bank of Canada reduced 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 research note on Wednesday, May 1st. Finally, BMO Capital Markets reduced their price objective on First National Financial from C$41.00 to C$39.00 in a research note on Thursday, May 2nd. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Hold and an average target price of C$40.67.

First National Financial Trading Up 1.7 %

Shares of TSE:FN opened at C$38.43 on Wednesday. The company has a market cap of C$2.30 billion, a P/E ratio of 8.75, a PEG ratio of 0.70 and a beta of 1.06. The company has a debt-to-equity ratio of 5,813.50, a current ratio of 16.25 and a quick ratio of 10.11. First National Financial has a 1 year low of C$32.86 and a 1 year high of C$41.80. The stock’s fifty day moving average price is C$36.30 and its 200-day moving average price is C$37.63.

First National Financial (TSE:FN) last posted its earnings results on Tuesday, April 30th. The company reported C$0.82 earnings per share for the quarter. First National Financial had a return on equity of 36.66% and a net margin of 34.57%. The company had revenue of C$518.05 million for the quarter. Sell-side analysts expect that First National Financial will post 3.734359 earnings per share for the current year.

First National Financial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be given a dividend of $0.204 per share. This represents a $2.45 annualized dividend and a dividend yield of 6.37%. The ex-dividend date of this dividend is Wednesday, July 31st. First National Financial’s dividend payout ratio is currently 55.81%.

Insider Activity

In other First National Financial news, insider FNSC Holdings Inc. acquired 20,539 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was bought at an average price of C$38.36 per share, for a total transaction of C$787,876.04. In other First National Financial news, Director Martine Irman acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was bought at an average price of C$36.76 per share, for a total transaction of C$367,638.00. Also, insider FNSC Holdings Inc. acquired 20,539 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were acquired at an average price of C$38.36 per share, with a total value of C$787,876.04. In the last 90 days, insiders have purchased 71,684 shares of company stock valued at $2,630,974. 71.45% of the stock is currently owned by insiders.

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.