First National Financial Co. (TSE:FN) Forecasted to Earn Q1 2022 Earnings of $0.69 Per Share

First National Financial Co. (TSE:FNGet Rating) – Research analysts at National Bank Financial issued their Q1 2022 earnings estimates for shares of First National Financial in a note issued to investors on Monday, April 25th. National Bank Financial analyst J. Gloyn expects that the company will post earnings per share of $0.69 for the quarter. National Bank Financial also issued estimates for First National Financial’s Q2 2022 earnings at $0.78 EPS, Q3 2022 earnings at $0.83 EPS, Q4 2022 earnings at $0.78 EPS, FY2022 earnings at $3.09 EPS and FY2023 earnings at $3.67 EPS.

First National Financial (TSE:FNGet Rating) last announced its quarterly earnings data on Tuesday, March 1st. The company reported C$0.69 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.70 by C($0.01). The firm had revenue of C$339.29 million for the quarter, compared to analysts’ expectations of C$174.10 million.

A number of other brokerages also recently issued reports on FN. TD Securities lowered their price target on First National Financial from C$43.00 to C$42.00 and set a “buy” rating for the company in a research report on Thursday, March 3rd. Scotiabank decreased their price objective on shares of First National Financial from C$44.00 to C$42.00 in a research report on Tuesday. Royal Bank of Canada cut their price target on shares of First National Financial from C$46.00 to C$45.00 and set a “sector perform” rating on the stock in a report on Thursday, March 3rd. National Bankshares decreased their target price on First National Financial from C$46.00 to C$39.00 in a research report on Tuesday. Finally, CIBC lowered their target price on shares of First National Financial from C$45.00 to C$43.00 in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$44.14.

FN opened at C$38.16 on Wednesday. The company’s 50-day simple moving average is C$40.63 and its two-hundred day simple moving average is C$42.30. First National Financial has a 52-week low of C$35.65 and a 52-week high of C$53.25. The company has a debt-to-equity ratio of 7,176.75, a quick ratio of 8.93 and a current ratio of 9.13. The stock has a market capitalization of C$2.29 billion and a P/E ratio of 11.93.

The company also recently disclosed a monthly dividend, which will be paid on Monday, May 16th. Shareholders of record on Friday, April 29th will be given a $0.196 dividend. The ex-dividend date is Thursday, April 28th. This represents a $2.35 dividend on an annualized basis and a yield of 6.16%. First National Financial’s payout ratio is 70.83%.

In other First National Financial news, insider FNSC Holdings Inc. purchased 13,613 shares of the stock in a transaction on Tuesday, April 19th. The shares were purchased at an average price of C$40.41 per share, with a total value of C$550,101.33. Following the completion of the transaction, the insider now directly owns 7,736,327 shares in the company, valued at C$312,624,974.07.

About First National Financial (Get Rating)

First National Financial Corporation, together with its subsidiaries, originates, underwrites, and services residential and commercial mortgages in Canada. The company's residential mortgages, includes single family and multi-unit. It provides its services online. The company was founded in 1988 and is headquartered in Toronto, Canada.

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