Scotiabank Issues Pessimistic Forecast for First National Financial (TSE:FN) Stock Price

First National Financial (TSE:FN) had its price objective lowered by analysts at Scotiabank from C$44.00 to C$42.00 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price objective points to a potential upside of 12.60% from the company’s previous close.

A number of other equities analysts have also weighed in on the stock. BMO Capital Markets lifted their price target on shares of First National Financial from C$41.00 to C$42.00 in a report on Thursday, March 6th. CIBC lowered their price target on First National Financial from C$44.00 to C$41.00 and set a “neutral” rating for the company in a research report on Thursday. TD Securities cut their price objective on First National Financial from C$46.00 to C$45.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. Finally, National Bankshares decreased 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.

First National Financial Trading Up 0.1 %

Shares of TSE:FN opened at C$37.30 on Thursday. The firm has a market cap of C$2.24 billion, a price-to-earnings ratio of 12.15, a PEG ratio of 0.70 and a beta of 1.04. The stock’s 50-day moving average price is C$39.13 and its two-hundred day moving average price is C$40.50. First National Financial has a 12-month low of C$35.15 and a 12-month high of C$45.10.

Insider Activity at First National Financial

In other First National Financial news, insider FNSC Holdings Inc. acquired 24,796 shares of the stock in a transaction on Wednesday, February 5th. The stock was purchased at an average price of C$40.34 per share, for a total transaction of C$1,000,270.64. Company insiders own 71.45% of the company’s stock.

First National Financial Company Profile

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.