Insider Buying: First National Financial Co. (TSE:FN) Insider Acquires 3,930 Shares of Stock

First National Financial Co. (TSE:FN) insider FNSC Holdings Inc. acquired 3,930 shares of the firm’s stock in a transaction on Thursday, April 29th. The shares were bought at an average cost of C$50.91 per share, for a total transaction of C$200,076.30. Following the completion of the acquisition, the insider now owns 7,541,782 shares of the company’s stock, valued at C$383,952,121.62.

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

  • On Wednesday, April 14th, FNSC Holdings Inc. purchased 6,173 shares of First National Financial stock. The stock was acquired at an average cost of C$48.61 per share, for a total transaction of C$300,069.53.
  • On Wednesday, April 7th, FNSC Holdings Inc. purchased 1,021 shares of First National Financial stock. The stock was acquired at an average cost of C$50.06 per share, for a total transaction of C$51,111.26.

First National Financial stock traded down C$0.47 during trading on Monday, reaching C$51.09. The stock had a trading volume of 32,659 shares, compared to its average volume of 38,664. The business has a 50 day moving average price of C$50.16 and a 200 day moving average price of C$43.22. First National Financial Co. has a 52-week low of C$26.11 and a 52-week high of C$53.25. The stock has a market cap of C$3.06 billion and a PE ratio of 12.76. The company has a quick ratio of 10.96, a current ratio of 11.22 and a debt-to-equity ratio of 6,541.98.

First National Financial (TSE:FN) last announced its quarterly earnings data on Tuesday, March 2nd. The company reported C$1.13 earnings per share (EPS) for the quarter. The firm had revenue of C$387.30 million during the quarter. On average, equities analysts predict that First National Financial Co. will post 4.36 EPS for the current fiscal year.

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 15th. Stockholders of record on Monday, May 31st will be paid a dividend of $0.196 per share. The ex-dividend date of this dividend is Friday, May 28th. This is a boost from First National Financial’s previous monthly dividend of $0.18. This represents a $2.35 dividend on an annualized basis and a dividend yield of 4.60%. First National Financial’s dividend payout ratio is 49.80%.

FN has been the topic of several research reports. National Bankshares raised their price target on shares of First National Financial from C$53.00 to C$55.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 28th. National Bank Financial lifted their price objective on shares of First National Financial to C$55.00 and gave the company a “sector perform” rating in a report on Wednesday, April 28th. BMO Capital Markets lifted their price objective on shares of First National Financial from C$53.00 to C$57.00 and gave the company an “underperform” rating in a report on Thursday. Royal Bank of Canada lifted their price objective on shares of First National Financial from C$50.00 to C$53.00 and gave the company a “sector perform” rating in a report on Wednesday, April 28th. Finally, TD Securities lifted their price objective on shares of First National Financial from C$48.00 to C$49.00 and gave the company a “hold” rating in a report on Tuesday, April 27th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of C$53.33.

First National Financial Company Profile

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

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Insider Buying and Selling by Quarter for First National Financial (TSE:FN)

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