First National Financial (TSE:FN) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

First National Financial Co. (TSE:FN)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$40.49 and traded as low as C$39.69. First National Financial shares last traded at C$40.00, with a volume of 11,030 shares.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Scotiabank upped their target price on First National Financial from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a report on Thursday, March 6th. TD Securities reduced their price objective on 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 lifted their target price on First National Financial from C$41.00 to C$42.00 in a research note on Thursday, March 6th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$43.17.

First National Financial Stock Up 0.8 %

The firm has a market capitalization of C$2.40 billion, a PE ratio of 13.03, a P/E/G ratio of 0.70 and a beta of 1.04. The stock has a 50-day simple moving average of C$40.36 and a 200-day simple moving average of C$40.49.

Insider Buying and Selling

In related news, insider FNSC Holdings Inc. purchased 6,412 shares of the business’s stock in a transaction dated 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. 71.45% of the stock is currently owned by insiders.

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.