First National Financial (TSE:FN) Shares Cross Below Two Hundred Day Moving Average of $37.87

First National Financial Co. (TSE:FN)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$37.87 and traded as low as C$37.14. First National Financial shares last traded at C$37.61, with a volume of 19,878 shares traded.

Analyst Upgrades and Downgrades

FN has been the topic of a number of recent analyst reports. Royal Bank of Canada lifted their price target on First National Financial from C$42.00 to C$43.00 in a report on Thursday, January 4th. Scotiabank lifted their price target on First National Financial from C$44.00 to C$45.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 31st. TD Securities lifted their price target on First National Financial from C$41.00 to C$44.00 and gave the stock a “hold” rating in a report on Thursday, March 7th. Finally, BMO Capital Markets decreased their target price on First National Financial from C$44.00 to C$41.00 and set a “market perform” rating for the company in a research report on Thursday, March 7th. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$41.83.

First National Financial Stock Up 0.8 %

The company has a quick ratio of 10.11, a current ratio of 10.29 and a debt-to-equity ratio of 6,070.47. The stock has a 50-day simple moving average of C$38.30 and a 200-day simple moving average of C$37.87. The firm has a market capitalization of C$2.26 billion, a PE ratio of 9.06, a P/E/G ratio of 0.70 and a beta of 1.10.

First National Financial (TSE:FN) last announced its quarterly earnings results on Tuesday, March 5th. The company reported C$0.72 earnings per share for the quarter, beating the consensus estimate of C$0.22 by C$0.50. The company had revenue of C$199.30 million during the quarter, compared to analysts’ expectations of C$164.10 million. First National Financial had a return on equity of 35.19% and a net margin of 33.65%. Analysts forecast that First National Financial Co. will post 3.8981289 EPS for the current year.

First National Financial Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th will be given a $0.2042 dividend. The ex-dividend date is Monday, April 29th. This is a boost from First National Financial’s previous monthly dividend of $0.20. This represents a $2.45 annualized dividend and a dividend yield of 6.52%. First National Financial’s payout ratio is 58.31%.

About First National Financial

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.