First National Financial (TSE:FN) Share Price Passes Below 200 Day Moving Average – Time to Sell?

First National Financial Co. (TSE:FN) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$40.39 and traded as low as C$38.86. First National Financial shares last traded at C$38.92, with a volume of 35,802 shares changing hands.

Wall Street Analyst Weigh In

FN has been the subject of a number of analyst reports. Scotiabank raised their target price on shares of First National Financial from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a research note on Thursday, March 6th. TD Securities decreased their target price on shares of First National Financial from C$46.00 to C$45.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Finally, BMO Capital Markets raised their target price on shares of First National Financial from C$41.00 to C$42.00 in a research note on Thursday, March 6th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$43.17.

First National Financial Stock Performance

The stock has a market capitalization of C$2.34 billion, a P/E ratio of 12.67, a P/E/G ratio of 0.70 and a beta of 1.04. The company’s 50-day moving average price is C$40.38 and its 200 day moving average price is C$40.39.

Insider Buying and Selling at First National Financial

In other news, insider FNSC Holdings Inc. purchased 6,412 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was purchased at an average cost of C$39.00 per share, with a total value of C$250,068.00. In the last ninety days, insiders have purchased 31,950 shares of company stock worth $1,280,390. Insiders own 71.45% of the company’s stock.

About First National Financial

First National Financial Corp is the parent company of First National Financial LP, a Canadian originator, underwriter, and servicer of predominantly prime residential and commercial mortgages. The company controls its First National Mortgage Investment Fund, which manages economic exposure to a diversified portfolio of primarily commercial mezzanine mortgages.