First National Financial Co. (TSE:FN) Given Average Recommendation of “Hold” by Brokerages

First National Financial Co. (TSE:FNGet Rating) has received an average rating of “Hold” from the seven analysts that are covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$39.14.

Several equities research analysts have issued reports on the stock. National Bankshares decreased their price objective on shares of First National Financial from C$36.00 to C$35.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 27th. CIBC decreased their target price on First National Financial from C$43.00 to C$36.00 and set a “neutral” rating for the company in a research report on Tuesday, July 5th. BMO Capital Markets reduced their price target on First National Financial from C$38.00 to C$36.00 in a research report on Thursday, July 28th. Finally, Scotiabank reduced their target price on shares of First National Financial from C$38.00 to C$37.00 in a research report on Thursday, July 28th.

Insider Buying and Selling at First National Financial

In related news, insider FNSC Holdings Inc. bought 1,316 shares of the firm’s stock in a transaction on Thursday, August 25th. The stock was bought at an average cost of C$38.02 per share, for a total transaction of C$50,038.00. Following the completion of the purchase, the insider now directly owns 7,746,842 shares in the company, valued at approximately C$294,556,624.

First National Financial Price Performance

TSE:FN opened at C$38.62 on Monday. The company’s 50-day moving average is C$37.32 and its two-hundred day moving average is C$37.16. The company has a current ratio of 8.24, a quick ratio of 8.03 and a debt-to-equity ratio of 5,933.00. The firm has a market cap of C$2.32 billion and a price-to-earnings ratio of 11.49. First National Financial has a 12-month low of C$32.12 and a 12-month high of C$46.48.

First National Financial (TSE:FNGet Rating) last issued its quarterly earnings results on Tuesday, July 26th. The company reported C$1.01 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.82 by C$0.19. The business had revenue of C$251.91 million for the quarter, compared to analysts’ expectations of C$199.30 million. Research analysts expect that First National Financial will post 3.1600002 EPS for the current year.

First National Financial Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be paid a $0.196 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $2.35 dividend on an annualized basis and a yield of 6.09%. First National Financial’s dividend payout ratio (DPR) is 69.94%.

About First National Financial

(Get Rating)

First National Financial Corporation, together with its subsidiaries, originates, underwrites, and services commercial and residential mortgages in Canada. The company operates in two segments, Residential and Commercial segments. It offers single-family residential, and multi-unit residential and commercial mortgages.

Further Reading

Analyst Recommendations for First National Financial (TSE:FN)

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