First National Financial (TSE:FN – Free Report) had its price objective trimmed by TD Securities from C$44.00 to C$42.00 in a report issued on Thursday, BayStreet.CA reports.
A number of other equities research analysts have also recently issued reports on FN. Scotiabank lowered their target price on shares of First National Financial from C$45.00 to C$41.00 and set an outperform rating on the stock in a report on Wednesday. BMO Capital Markets decreased their target price on First National Financial from C$41.00 to C$39.00 in a research note on Thursday. Finally, Royal Bank of Canada dropped their target price on shares of First National Financial from C$43.00 to C$41.00 and set a sector perform rating for the company in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of C$40.17.
Check Out Our Latest Research Report on FN
First National Financial Price Performance
First National Financial (TSE:FN – Get Free Report) last announced its earnings results on Tuesday, March 5th. The company reported C$0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.22 by C$0.50. First National Financial had a return on equity of 35.19% and a net margin of 33.65%. The firm had revenue of C$199.30 million during the quarter, compared to analyst estimates of C$164.10 million. As a group, analysts anticipate that First National Financial will post 3.9252815 earnings per share for the current fiscal year.
First National Financial Increases Dividend
The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.2042 per share. This is a positive change from First National Financial’s previous monthly dividend of $0.20. The ex-dividend date of this dividend is Monday, April 29th. This represents a $2.45 dividend on an annualized basis and a yield of 6.73%. First National Financial’s dividend payout ratio is presently 59.04%.
First National Financial Company Profile
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.
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