First National Financial Co. (TSE:FN) Insider FNSC Holdings Inc. Purchases 20,539 Shares

First National Financial Co. (TSE:FN) insider FNSC Holdings Inc. acquired 20,539 shares of the stock in a transaction dated Thursday, May 2nd. The stock was acquired at an average cost of C$38.36 per share, with a total value of C$787,876.04.

First National Financial Stock Up 0.1 %

FN opened at C$36.54 on Thursday. First National Financial Co. has a 1 year low of C$32.86 and a 1 year high of C$41.80. The firm has a 50 day moving average price of C$37.41 and a 200 day moving average price of C$38.09. The company has a debt-to-equity ratio of 6,070.47, a quick ratio of 10.11 and a current ratio of 10.29. The company has a market cap of C$2.19 billion, a PE ratio of 8.80, a price-to-earnings-growth ratio of 0.70 and a beta of 1.06.

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

First National Financial Increases Dividend

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

Analyst Ratings Changes

Several analysts have commented on FN shares. Scotiabank lowered their price target on 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. TD Securities lowered their target price on shares of First National Financial from C$44.00 to C$42.00 in a report on Thursday, May 2nd. BMO Capital Markets dropped their price target on shares of First National Financial from C$41.00 to C$39.00 in a research report on Thursday, May 2nd. Finally, Royal Bank of Canada decreased their price target on shares of 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. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, First National Financial currently has an average rating of “Hold” and an average price target of C$40.17.

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.