TSE:FN FY2024 EPS Forecast Lifted by National Bank Financial

First National Financial Co. (TSE:FN) – Analysts at National Bank Financial raised their FY2024 EPS estimates for shares of First National Financial in a research note issued to investors on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now expects that the company will earn $3.33 per share for the year, up from their previous forecast of $3.16. The consensus estimate for First National Financial’s current full-year earnings is $4.02 per share.

Several other analysts have also weighed in on FN. CIBC lifted their price objective on shares of First National Financial from C$40.00 to C$44.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. TD Securities upped their price target on First National Financial from C$42.00 to C$46.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, National Bankshares raised their price objective on First National Financial from C$41.00 to C$42.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$42.67.

First National Financial Price Performance

Shares of FN opened at C$40.33 on Wednesday. The business has a 50-day moving average of C$40.91 and a 200-day moving average of C$39.81. 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. The company has a market capitalization of C$2.42 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 0.70 and a beta of 1.04. First National Financial has a 1 year low of C$35.15 and a 1 year high of C$45.10.

Insider Transactions at First National Financial

In other First National Financial news, insider FNSC Holdings Inc. bought 105,214 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were bought at an average cost of C$42.73 per share, with a total value of C$4,495,794.22. In the last ninety days, insiders purchased 112,368 shares of company stock valued at $4,775,913. Insiders own 71.45% of the company’s stock.

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.