National Bank Financial Trims First National Financial (TSE:FN) Target Price to C$21.00

First National Financial (TSE:FN) had its target price decreased by National Bank Financial from C$41.00 to C$21.00 in a research report released on Tuesday morning, BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the stock.

A number of other research firms have also commented on FN. TD Securities upgraded First National Financial from a hold rating to a buy rating and lowered their price objective for the stock from C$40.00 to C$30.00 in a research note on Thursday, March 19th. Royal Bank of Canada raised their price objective on First National Financial from C$40.00 to C$43.00 and gave the stock a sector perform rating in a research note on Monday, December 16th.

First National Financial stock opened at C$25.35 on Tuesday. The stock’s fifty day moving average price is C$32.87 and its two-hundred day moving average price is C$38.01. First National Financial has a one year low of C$18.75 and a one year high of C$44.95. The company has a debt-to-equity ratio of 6,568.82, a current ratio of 10.41 and a quick ratio of 10.19. The firm has a market cap of $1.39 billion and a PE ratio of 8.73.

First National Financial (TSE:FN) last posted its quarterly earnings data on Monday, February 24th. The company reported C$0.80 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.77 by C$0.03. The company had revenue of C$342.14 million for the quarter. Sell-side analysts expect that First National Financial will post 3.4399998 earnings per share for the current fiscal year.

The business also recently disclosed a monthly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 28th were paid a dividend of $0.162 per share. The ex-dividend date was Thursday, February 27th. This represents a $1.94 dividend on an annualized basis and a yield of 7.67%. First National Financial’s dividend payout ratio (DPR) is presently 65.71%.

About First National Financial

First National Financial Corporation, through its subsidiaries, originates, underwrites, and services residential and commercial mortgages in Canada. It offers single family residential, and multi-unit residential and commercial mortgages. The company provides its services through mortgage broker distribution channel, as well as through online.

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