TD Securities Cuts First National Financial (TSE:FN) Price Target to C$37.00

First National Financial (TSE:FN – Get Rating) had its price target trimmed by TD Securities from C$42.00 to C$37.00 in a report issued on Thursday, BayStreet.CA reports. The firm currently has a hold rating on the stock.

Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada decreased their target price on First National Financial from C$43.00 to C$41.00 and set a sector perform rating for the company in a research report on Wednesday. Scotiabank decreased their target price on First National Financial from C$44.00 to C$42.00 in a research report on Tuesday. National Bankshares decreased their target price on First National Financial from C$46.00 to C$39.00 and set a sector perform rating for the company in a research report on Tuesday. Finally, CIBC decreased their target price on First National Financial from C$45.00 to C$43.00 in a research report on Tuesday. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has an average rating of Hold and a consensus target price of C$41.71.

Shares of TSE:FN opened at C$36.81 on Thursday. The firm has a market capitalization of C$2.21 billion and a PE ratio of 11.50. The company has a debt-to-equity ratio of 7,176.75, a current ratio of 9.13 and a quick ratio of 8.93. The business has a 50-day moving average of C$40.33 and a two-hundred day moving average of C$42.21. First National Financial has a 12 month low of C$35.65 and a 12 month high of C$53.25.

First National Financial (TSE:FN – Get Rating) last announced its quarterly earnings results on Tuesday, March 1st. The company reported C$0.69 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.70 by C($0.01). The business had revenue of C$339.29 million during the quarter, compared to the consensus estimate of C$174.10 million. As a group, research analysts anticipate that First National Financial will post 3.81 earnings per share for the current year.

The firm also recently declared a monthly dividend, which will be paid on Monday, May 16th. Investors of record on Friday, April 29th will be issued a $0.196 dividend. This represents a $2.35 dividend on an annualized basis and a yield of 6.39%. The ex-dividend date of this dividend is Thursday, April 28th. First National Financial’s dividend payout ratio is currently 70.83%.

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

First National Financial Company Profile (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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