First National Financial (TSE:FN) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

First National Financial Co. (TSE:FN) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$40.16 and traded as low as C$37.80. First National Financial shares last traded at C$38.38, with a volume of 44,723 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets lifted their price objective on First National Financial from C$41.00 to C$42.00 in a research report on Thursday, March 6th. National Bankshares decreased their price target on First National Financial from C$43.00 to C$39.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 30th. Scotiabank reduced their price objective on First National Financial from C$44.00 to C$42.00 and set a “sector perform” rating for the company in a research report on Thursday, May 1st. CIBC reduced their price objective 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, May 1st. Finally, TD Securities cut their price target on First National Financial from C$45.00 to C$41.00 and set a “buy” rating for the company in a report on Thursday, May 1st.

First National Financial Price Performance

The firm has a fifty day moving average price of C$38.45 and a two-hundred day moving average price of C$40.16. The stock has a market capitalization of C$2.31 billion, a PE ratio of 12.50, a P/E/G ratio of 0.70 and a beta of 1.04.

First National Financial Announces Dividend

The company also recently announced a apr 25 dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were paid a $0.2083 dividend. First National Financial’s dividend payout ratio (DPR) is 79.78%.

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.