Several other equities research analysts also recently weighed in on the stock. BMO Capital Markets decreased their target price on shares of First National Financial from C$29.00 to C$28.00 in a research note on Thursday, November 1st. National Bank Financial decreased their target price on shares of First National Financial from C$28.00 to C$27.00 and set a sector perform rating for the company in a research note on Wednesday, October 31st. Finally, Royal Bank of Canada downgraded shares of First National Financial from a sector perform rating to an underperform rating in a research note on Tuesday, January 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of C$28.90.
Shares of FN stock traded up C$0.35 during mid-day trading on Tuesday, hitting C$29.65. 39,600 shares of the stock were exchanged, compared to its average volume of 19,208. The firm has a market cap of $1.76 billion and a price-to-earnings ratio of 10.86. First National Financial has a 12-month low of C$25.34 and a 12-month high of C$29.99. The company has a debt-to-equity ratio of 6,632.62, a quick ratio of 9.90 and a current ratio of 10.08.
The company also recently disclosed a monthly dividend, which will be paid on Friday, March 15th. Investors of record on Thursday, February 28th will be given a $0.158 dividend. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $1.90 dividend on an annualized basis and a yield of 6.39%. First National Financial’s payout ratio is currently 69.60%.
In other First National Financial news, insider FNSC Holdings Inc. acquired 27,934 shares of the company’s stock in a transaction dated Wednesday, January 16th. The stock was acquired at an average cost of C$28.64 per share, with a total value of C$800,029.76. Following the purchase, the insider now directly owns 6,909,051 shares in the company, valued at approximately C$197,875,220.64. Also, Director Moray Tawse acquired 4,000 shares of the company’s stock in a transaction dated Friday, December 14th. The shares were acquired at an average cost of C$13.21 per share, with a total value of C$52,840.00. In the last 90 days, insiders purchased 32,994 shares of company stock valued at $872,333.
First National Financial Company Profile
First National Financial Corporation, through its subsidiaries, originates, underwrites, and services residential and commercial mortgages in Canada. It offers single family residential, and multi-unit residential and commercial mortgages, as well as engages in the mortgage broker distribution channel operations.
See Also: Why is the conference call important?
Receive News & Ratings for First National Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First National Financial and related companies with MarketBeat.com's FREE daily email newsletter.