First National Financial Co. (TSE:FN) Insider FNSC Holdings Inc. Acquires 16,565 Shares

First National Financial Co. (TSE:FN) insider FNSC Holdings Inc. acquired 16,565 shares of the stock in a transaction dated Thursday, September 19th. The shares were purchased at an average cost of C$39.24 per share, with a total value of C$650,010.60.

FNSC Holdings Inc. also recently made the following trade(s):

• On Wednesday, July 10th, FNSC Holdings Inc. acquired 41,145 shares of First National Financial stock. The shares were purchased at an average cost of C$35.86 per share, with a total value of C$1,475,459.70.

First National Financial Trading Down 0.6 %

FN stock traded down C$0.24 during trading on Friday, reaching C$39.00. The company had a trading volume of 4,340 shares, compared to its average volume of 30,753. First National Financial Co. has a 52 week low of C$32.86 and a 52 week high of C$41.41. The company has a market cap of C$2.34 billion, a P/E ratio of 10.33, a PEG ratio of 0.70 and a beta of 1.04. The business has a 50 day moving average of C$37.29 and a 200 day moving average of C$36.93. The company has a debt-to-equity ratio of 6,280.61, a current ratio of 8.92 and a quick ratio of 10.11.

First National Financial (TSE:FN) last issued its earnings results on Tuesday, July 30th. The company reported C$0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.93 by C($0.04). First National Financial had a return on equity of 30.22% and a net margin of 32.60%. The company had revenue of C$205.45 million during the quarter, compared to analysts’ expectations of C$227.10 million. As a group, sell-side analysts forecast that First National Financial Co. will post 4.0384205 earnings per share for the current fiscal year.

First National Financial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be given a dividend of $0.204 per share. The ex-dividend date is Friday, September 27th. This represents a $2.45 annualized dividend and a dividend yield of 6.28%. First National Financial’s payout ratio is 64.47%.

Analysts Set New Price Targets

Separately, Scotiabank upped their price objective on shares of First National Financial from C$41.00 to C$44.00 in a research note on Wednesday, July 24th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$40.67.

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.