First National Financial (TSE:FN) Stock Price Passes Below 200 Day Moving Average – What’s Next?

First National Financial Co. (TSE:FN)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$40.49 and traded as low as C$39.69. First National Financial shares last traded at C$40.00, with a volume of 11,030 shares trading hands.

Analysts Set New Price Targets

FN has been the subject of several research reports. TD Securities dropped their price objective 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 note on Thursday, March 6th. BMO Capital Markets increased their price target on First National Financial from C$41.00 to C$42.00 in a research note on Thursday, March 6th. Finally, Scotiabank raised their price objective on First National Financial from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a report on Thursday, March 6th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, First National Financial has an average rating of “Hold” and a consensus target price of C$43.17.

First National Financial Trading Up 0.8 %

The stock has a market capitalization of C$2.40 billion, a P/E ratio of 13.03, a price-to-earnings-growth ratio of 0.70 and a beta of 1.04. The company has a 50-day moving average price of C$40.36 and a two-hundred day moving average price of C$40.49.

Insider Buying and Selling

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

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.