First National Financial Co. (TSE:FN) Receives Consensus Rating of “Hold” from Analysts

First National Financial Co. (TSE:FN) has earned an average recommendation of “Hold” from the six ratings firms that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$40.17.

FN has been the topic of several recent analyst reports. Royal Bank of Canada cut their price target on shares of First National Financial from C$43.00 to C$41.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 1st. TD Securities cut their price target on shares of First National Financial from C$44.00 to C$42.00 in a report on Thursday, May 2nd. BMO Capital Markets cut their price target on shares of First National Financial from C$41.00 to C$39.00 in a report on Thursday, May 2nd. Finally, Scotiabank cut their price target on shares of First National Financial from C$45.00 to C$41.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st.

First National Financial Stock Performance

TSE FN opened at C$35.32 on Friday. First National Financial has a 52-week low of C$32.86 and a 52-week high of C$41.80. The company has a 50-day simple moving average of C$36.68 and a 200 day simple moving average of C$37.93. The company has a debt-to-equity ratio of 5,813.50, a quick ratio of 10.11 and a current ratio of 16.25. The company has a market capitalization of C$2.12 billion, a PE ratio of 8.05, a price-to-earnings-growth ratio of 0.70 and a beta of 1.06.

First National Financial (TSE:FN) last issued its earnings results on Tuesday, April 30th. The company reported C$0.82 earnings per share for the quarter. First National Financial had a net margin of 34.57% and a return on equity of 36.66%. The firm had revenue of C$518.05 million during the quarter. On average, research analysts predict that First National Financial will post 3.734359 EPS for the current year.

First National Financial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $0.204 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.45 annualized dividend and a dividend yield of 6.93%. First National Financial’s payout ratio is currently 55.81%.

Insider Activity at First National Financial

In related news, insider FNSC Holdings Inc. bought 24,084 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were bought at an average price of C$37.38 per share, for a total transaction of C$900,259.92. In other First National Financial news, Director Martine Irman purchased 10,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were acquired at an average price of C$36.76 per share, for a total transaction of C$367,638.00. Also, insider FNSC Holdings Inc. bought 24,084 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was purchased at an average price of C$37.38 per share, for a total transaction of C$900,259.92. Insiders bought 54,623 shares of company stock worth $2,055,774 over the last three months. 71.45% of the stock is owned by corporate insiders.

First National Financial Company Profile

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.