First National Financial Co. Plans Monthly Dividend of $0.20 (TSE:FN)

First National Financial Co. (TSE:FN) announced a monthly dividend on Monday, September 16th, Zacks reports. Stockholders of record on Friday, September 27th will be given a dividend of 0.204 per share on Tuesday, October 15th. This represents a $2.45 dividend on an annualized basis and a dividend yield of 6.30%. The ex-dividend date of this dividend is Friday, September 27th.

First National Financial Stock Down 0.6 %

Shares of TSE FN opened at C$38.83 on Wednesday. The business has a 50-day moving average price of C$37.43 and a 200 day moving average price of C$36.92. The stock has a market cap of C$2.33 billion, a PE ratio of 10.22, a price-to-earnings-growth ratio of 0.70 and a beta of 1.04. The company has a quick ratio of 10.11, a current ratio of 8.92 and a debt-to-equity ratio of 6,280.61. First National Financial has a 52-week low of C$32.86 and a 52-week high of C$41.41.

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

Insider Transactions at First National Financial

In other news, insider FNSC Holdings Inc. purchased 16,565 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were acquired at an average cost of C$39.24 per share, for a total transaction of C$650,010.60. Company insiders own 71.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Scotiabank upped their target price on shares of First National Financial from C$41.00 to C$44.00 in a report on Wednesday, July 24th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus 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.