First National Financial (TSE:FN) Given New C$42.00 Price Target at National Bankshares

First National Financial (TSE:FN) had its price objective increased by National Bankshares from C$41.00 to C$42.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Several other equities research analysts have also recently weighed in on the company. CIBC upped their target price on First National Financial from C$40.00 to C$44.00 and gave the stock a “neutral” rating in a report on Wednesday. TD Securities lifted their price objective on First National Financial from C$42.00 to C$46.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Scotiabank increased their target price on shares of First National Financial from C$41.00 to C$44.00 in a report on Wednesday, July 24th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$42.67.

First National Financial Stock Performance

First National Financial stock opened at C$41.29 on Wednesday. First National Financial has a fifty-two week low of C$35.15 and a fifty-two week high of C$42.74. The company has a market capitalization of C$2.48 billion, a PE ratio of 10.87, a P/E/G ratio of 0.70 and a beta of 1.04. The company has a 50 day moving average price of C$38.90 and a 200-day moving average price of C$37.44. The company has a debt-to-equity ratio of 6,280.61, a quick ratio of 10.11 and a current ratio of 8.92.

First National Financial Dividend Announcement

The business also recently disclosed an annual dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.708 per share. This represents a yield of 1.71%. The ex-dividend date of this dividend is Friday, November 29th. First National Financial’s payout ratio is currently 64.47%.

Insiders Place Their Bets

In other news, insider FNSC Holdings Inc. bought 25,774 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was bought at an average price of C$38.81 per share, with a total value of C$1,000,288.94. 71.45% of the stock is currently owned by corporate 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.