First National Financial (TSE:FN) Stock Passes Below 200 Day Moving Average – Should You Sell?

First National Financial Co. (TSE:FN) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$40.57 and traded as low as C$38.23. First National Financial shares last traded at C$38.87, with a volume of 31,809 shares changing hands.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. TD Securities dropped their target price 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. BMO Capital Markets upped their price objective on First National Financial from C$41.00 to C$42.00 in a research note on Thursday, March 6th. Finally, Scotiabank raised their target price on shares of First National Financial from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a research note on Thursday, March 6th. Four investment 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 presently has an average rating of “Hold” and an average target price of C$43.17.

First National Financial Stock Performance

The firm has a market cap of C$2.34 billion, a price-to-earnings ratio of 12.66, a P/E/G ratio of 0.70 and a beta of 1.04. The firm has a fifty day simple moving average of C$40.22 and a 200-day simple moving average of C$40.57.

Insider Activity at First National Financial

In related news, insider FNSC Holdings Inc. purchased 24,796 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were bought at an average price of C$40.34 per share, for a total transaction of C$1,000,270.64. 71.45% of the stock is currently owned by corporate 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.