Martine Irman Acquires 10,000 Shares of First National Financial Co. (TSE:FN) Stock

First National Financial Co. (TSE:FN) Director Martine Irman bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was purchased at an average cost of C$36.76 per share, for a total transaction of C$367,638.00.

First National Financial Trading Down 0.6 %

Shares of FN opened at C$36.50 on Wednesday. The firm’s 50-day moving average price is C$37.49 and its 200-day moving average price is C$38.10. The firm has a market capitalization of C$2.19 billion, a price-to-earnings ratio of 8.80, a PEG ratio of 0.70 and a beta of 1.06. The company has a current ratio of 10.29, a quick ratio of 10.11 and a debt-to-equity ratio of 6,070.47. First National Financial Co. has a 1-year low of C$32.86 and a 1-year high of C$41.80.

First National Financial (TSE:FN) last announced its earnings results on Tuesday, March 5th. The company reported C$0.72 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.22 by C$0.50. First National Financial had a net margin of 33.65% and a return on equity of 35.19%. The firm had revenue of C$199.30 million for the quarter, compared to analyst estimates of C$164.10 million. Sell-side analysts anticipate that First National Financial Co. will post 3.9252815 EPS for the current year.

First National Financial Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a dividend of $0.2042 per share. This is a boost from First National Financial’s previous monthly dividend of $0.20. This represents a $2.45 dividend on an annualized basis and a yield of 6.71%. The ex-dividend date of this dividend is Monday, April 29th. First National Financial’s dividend payout ratio (DPR) is 59.04%.

Analyst Ratings Changes

FN has been the topic of a number of research analyst reports. Royal Bank of Canada reduced their price target on First National Financial from C$43.00 to C$41.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 1st. BMO Capital Markets cut their price target on shares of First National Financial from C$41.00 to C$39.00 in a report on Thursday, May 2nd. Scotiabank decreased their price objective on shares of First National Financial from C$45.00 to C$41.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. Finally, TD Securities dropped their target price on shares of First National Financial from C$44.00 to C$42.00 in a research report on Thursday, May 2nd. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$40.17.

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.