First National Financial Co. (TSE:FN) Given Consensus Recommendation of “Hold” by Brokerages

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

Several brokerages have recently commented on FN. TD Securities lowered their target price on shares of First National Financial from C$44.00 to C$42.00 in a report on Thursday, May 2nd. Scotiabank decreased their price objective on shares of First National Financial from C$45.00 to C$41.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. BMO Capital Markets decreased their price objective on shares of First National Financial from C$41.00 to C$39.00 in a research note on Thursday, May 2nd. Finally, Royal Bank of Canada decreased their price objective 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 research note on Wednesday, May 1st.

First National Financial Trading Up 0.1 %

Shares of 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 market capitalization of C$2.12 billion, a P/E ratio of 8.05, a price-to-earnings-growth ratio of 0.70 and a beta of 1.06. 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.

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

First National Financial Dividend Announcement

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

Insider Buying and Selling at First National Financial

In related news, insider FNSC Holdings Inc. bought 20,539 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were purchased at an average cost of C$38.36 per share, for a total transaction of C$787,876.04. In other First National Financial news, Director Martine Irman purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were bought at an average cost of C$36.76 per share, for a total transaction of C$367,638.00. Also, insider FNSC Holdings Inc. purchased 20,539 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were acquired at an average price of C$38.36 per share, for a total transaction of C$787,876.04. Insiders have purchased a total of 54,623 shares of company stock worth $2,055,774 over the last three months. 71.45% of the stock is currently owned by 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.