First National Financial Co. (TSE:FN) Forecasted to Post Q3 2024 Earnings of $1.09 Per Share

First National Financial Co. (TSE:FN) – Equities research analysts at National Bank Financial cut their Q3 2024 EPS estimates for shares of First National Financial in a research report issued to clients and investors on Tuesday, July 30th. National Bank Financial analyst J. Gloyn now forecasts that the company will post earnings per share of $1.09 for the quarter, down from their prior estimate of $1.14. The consensus estimate for First National Financial’s current full-year earnings is $3.73 per share. National Bank Financial also issued estimates for First National Financial’s Q4 2024 earnings at $0.87 EPS and FY2025 earnings at $4.40 EPS.

First National Financial (TSE:FN) last posted its earnings results on Tuesday, April 30th. The company reported C$0.82 earnings per share (EPS) for the quarter. The business had revenue of C$518.05 million for the quarter. First National Financial had a net margin of 34.57% and a return on equity of 36.66%.

FN has been the subject of a number of other research reports. 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 report on Wednesday, May 1st. TD Securities cut their price objective on shares of First National Financial from C$44.00 to C$42.00 in a research report on Thursday, May 2nd. BMO Capital Markets decreased their target price on shares of First National Financial from C$41.00 to C$39.00 in a report on Thursday, May 2nd. Finally, Scotiabank raised their price target on shares of First National Financial from C$41.00 to C$44.00 in a report on Wednesday, July 24th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, First National Financial has a consensus rating of “Hold” and a consensus target price of C$40.67.

First National Financial Stock Performance

TSE:FN opened at C$36.13 on Thursday. The company has a fifty day moving average of C$36.37 and a two-hundred day moving average of C$37.61. First National Financial has a fifty-two week low of C$32.86 and a fifty-two week high of C$41.41. The stock has a market capitalization of C$2.17 billion, a PE ratio of 8.23, a P/E/G ratio of 0.70 and a beta of 1.06. The company has a debt-to-equity ratio of 5,813.50, a quick ratio of 10.11 and a current ratio of 16.25.

First National Financial Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be paid a $0.204 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $2.45 dividend on an annualized basis and a yield of 6.78%. First National Financial’s dividend payout ratio is currently 55.81%.

Insiders Place Their Bets

In other news, insider FNSC Holdings Inc. bought 41,145 shares of the stock in a transaction that occurred on Wednesday, July 10th. The stock was purchased at an average price of C$35.86 per share, for a total transaction of C$1,475,459.70. In other First National Financial news, insider FNSC Holdings Inc. bought 41,145 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The stock was purchased at an average price of C$35.86 per share, for a total transaction of C$1,475,459.70. Also, Director Martine Irman purchased 10,000 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was acquired at an average cost of C$36.76 per share, with a total value of C$367,638.00. 71.45% of the stock is currently owned by company insiders.

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.