Brokerages Set First National Financial Co. (TSE:FN) PT at C$40.67

Shares of First National Financial Co. (TSE:FN) have been given an average rating of “Hold” by the six brokerages that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$42.67.

A number of research firms have issued reports on FN. TD Securities lifted their target price on shares of First National Financial from C$42.00 to C$46.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. CIBC lifted their price target on shares of First National Financial from C$40.00 to C$44.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Scotiabank lifted their price target on shares of First National Financial from C$41.00 to C$44.00 in a research report on Wednesday, July 24th. Finally, National Bankshares lifted their price target on shares of First National Financial from C$41.00 to C$42.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th.

Insider Buying and Selling

In related news, insider FNSC Holdings Inc. bought 25,774 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The shares were acquired at an average price of C$38.81 per share, with a total value of C$1,000,288.94. 71.45% of the stock is currently owned by insiders.

First National Financial Stock Performance

FN stock opened at C$41.14 on Wednesday. The company has a debt-to-equity ratio of 6,280.61, a quick ratio of 10.11 and a current ratio of 8.92. The stock has a market cap of C$2.47 billion, a P/E ratio of 10.84, a P/E/G ratio of 0.70 and a beta of 1.04. The firm has a 50 day simple moving average of C$38.96 and a 200 day simple moving average of C$37.47. First National Financial has a 52 week low of C$35.15 and a 52 week high of C$42.74.

First National Financial Dividend Announcement

The business also recently announced an annual dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.708 per share. This represents a yield of 1.71%. The ex-dividend date is Friday, November 29th. First National Financial’s dividend payout ratio (DPR) is currently 64.47%.

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.