CIBC Lowers First National Financial (TSE:FN) Price Target to C$41.00

First National Financial (TSE:FN) had its price target lowered by equities researchers at CIBC from C$44.00 to C$41.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has a “neutral” rating on the stock. CIBC’s price objective points to a potential upside of 9.92% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. National Bankshares dropped their target price on First National Financial from C$43.00 to C$39.00 and set a “sector perform” rating for the company in a report on Wednesday. Scotiabank dropped their price objective on First National Financial from C$45.00 to C$44.00 and set a “sector perform” rating for the company in a research note on Thursday, April 24th. BMO Capital Markets boosted their target price on shares of First National Financial from C$41.00 to C$42.00 in a research note on Thursday, March 6th. Finally, TD Securities dropped their target price on shares of First National Financial from C$46.00 to C$45.00 and set a “buy” rating for the company in a research report on Thursday, March 6th.

First National Financial Stock Up 0.1 %

TSE FN opened at C$37.30 on Thursday. First National Financial has a twelve month low of C$35.15 and a twelve month high of C$45.10. The stock has a market cap of C$2.24 billion, a P/E ratio of 12.15, a PEG ratio of 0.70 and a beta of 1.04. The company’s 50-day simple moving average is C$39.13 and its 200 day simple moving average is C$40.50.

Insiders Place Their Bets

In other First National Financial news, insider FNSC Holdings Inc. bought 24,796 shares of First National Financial stock in a transaction dated Wednesday, February 5th. The shares were bought at an average price of C$40.34 per share, with a total value of C$1,000,270.64. Insiders own 71.45% of the company’s stock.

About First National Financial

First National Financial Corp is the parent company of First National Financial LP, a Canadian originator, underwriter, and servicer of predominantly prime residential and commercial mortgages. The company controls its First National Mortgage Investment Fund, which manages economic exposure to a diversified portfolio of primarily commercial mezzanine mortgages.