First National Financial Co. (TSE:FN) to Post FY2022 Earnings of $3.15 Per Share, National Bank Financial Forecasts

First National Financial Co. (TSE:FN – Get Rating) – Investment analysts at National Bank Financial increased their FY2022 earnings per share estimates for First National Financial in a report released on Tuesday, April 26th. National Bank Financial analyst J. Gloyn now expects that the company will earn $3.15 per share for the year, up from their previous estimate of $3.09.

First National Financial (TSE:FN – Get Rating) last issued its quarterly earnings data on Tuesday, March 1st. The company reported C$0.69 earnings per share for the quarter, missing the Thomson Reuters’ 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.

FN has been the topic of several other research reports. CIBC lowered their price objective on shares of First National Financial from C$45.00 to C$43.00 in a research note on Tuesday. Royal Bank of Canada decreased 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 note on Wednesday. National Bankshares decreased their target price on shares of First National Financial from C$46.00 to C$39.00 and set a “sector perform” rating on the stock in a research note on Tuesday. Scotiabank decreased their target price on shares of First National Financial from C$44.00 to C$42.00 in a research note on Tuesday. Finally, TD Securities reduced their price objective on shares of First National Financial from C$42.00 to C$37.00 and set a “hold” rating on the stock in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$41.71.

Shares of TSE:FN opened at C$36.81 on Friday. The firm’s 50 day moving average price is C$40.33 and its 200-day moving average price is C$42.21. First National Financial has a twelve month low of C$35.65 and a twelve month high of C$53.25. The company has a quick ratio of 8.93, a current ratio of 9.13 and a debt-to-equity ratio of 7,176.75. The stock has a market capitalization of C$2.21 billion and a PE ratio of 11.50.

The business 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 of this dividend is Thursday, April 28th. This represents a $2.35 annualized dividend and a yield of 6.39%. First National Financial’s dividend payout ratio is presently 70.83%.

In other news, insider FNSC Holdings Inc. acquired 13,613 shares of First National Financial stock in a transaction that occurred on Tuesday, April 19th. The stock was purchased at an average cost of C$40.41 per share, with a total value of C$550,101.33. Following the purchase, the insider now 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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