National Bankshares Boosts First National Financial (TSE:FN) Price Target to C$42.00

First National Financial (TSE:FN) had its price target increased by National Bankshares from C$41.00 to C$42.00 in a report published on Wednesday, BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

A number of other equities analysts also recently issued reports on the company. CIBC increased their price objective on First National Financial from C$40.00 to C$44.00 and gave the stock a “neutral” rating in a report on Wednesday. Scotiabank increased their price objective on First National Financial from C$41.00 to C$44.00 in a report on Wednesday, July 24th. Finally, TD Securities increased their price objective on First National Financial from C$42.00 to C$46.00 and gave the stock a “buy” rating in a report on Wednesday. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$42.67.

First National Financial Stock Performance

Shares of FN stock opened at C$41.59 on Wednesday. The stock has a fifty day moving average of C$38.67 and a 200 day moving average of C$37.37. 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. The firm has a market capitalization of C$2.49 billion, a price-to-earnings ratio of 10.94, a PEG ratio of 0.70 and a beta of 1.04. First National Financial has a 52 week low of C$34.54 and a 52 week high of C$42.74.

First National Financial (TSE:FN) last posted its quarterly earnings data 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 firm had revenue of C$205.45 million during the quarter, compared to the consensus estimate of C$227.10 million. First National Financial had a return on equity of 30.22% and a net margin of 32.60%. As a group, research analysts expect that First National Financial will post 4.0243655 earnings per share for the current year.

First National Financial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.204 per share. The ex-dividend date is Thursday, October 31st. This represents a $2.45 annualized dividend and a dividend yield of 5.89%. First National Financial’s payout ratio is presently 64.47%.

Insider Activity

In other First National Financial news, insider FNSC Holdings Inc. acquired 16,565 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were bought at an average cost of C$39.24 per share, with a total value of C$650,010.60. Corporate 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.