First National Financial Co. (TSE:FN) Insider Buys C$4,495,794.22 in Stock

First National Financial Co. (TSE:FN) insider FNSC Holdings Inc. acquired 105,214 shares of First National Financial stock in a transaction on Thursday, November 14th. The stock was acquired at an average cost of C$42.73 per share, for a total transaction of C$4,495,794.22.

FNSC Holdings Inc. also recently made the following trade(s):

• On Monday, October 7th, FNSC Holdings Inc. purchased 25,774 shares of First National Financial stock. The stock was bought at an average cost of C$38.81 per share, for a total transaction of C$1,000,288.94.
• On Thursday, September 19th, FNSC Holdings Inc. acquired 16,565 shares of First National Financial stock. The shares were bought at an average cost of C$39.24 per share, with a total value of C$650,010.60.

First National Financial Price Performance

Shares of TSE FN opened at C$43.03 on Monday. The company has a fifty day moving average price of C$39.87 and a 200 day moving average price of C$37.76. The firm has a market cap of C$2.58 billion, a PE ratio of 11.32, a PEG ratio of 0.70 and a beta of 1.04. The company has a current ratio of 8.92, a quick ratio of 10.11 and a debt-to-equity ratio of 6,280.61. First National Financial Co. has a 1-year low of C$35.15 and a 1-year high of C$43.48.

First National Financial Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.708 dividend. The ex-dividend date is Friday, November 29th. This represents a yield of 1.71%. First National Financial’s payout ratio is currently 64.47%.

Analyst Ratings Changes

Several research firms have recently issued reports on FN. TD Securities boosted their target price on First National Financial from C$42.00 to C$46.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. CIBC upped their target price 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. National Bankshares increased their target price on shares of First National Financial from C$41.00 to C$42.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Finally, Scotiabank boosted their price target on shares of First National Financial from C$41.00 to C$44.00 in a report on Wednesday, July 24th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$42.67.

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.