First National Financial (FN) PT Raised to C$29.00 at TD Securities

First National Financial (TSE:FN) had its target price hoisted by TD Securities from C$28.00 to C$29.00 in a research report sent to investors on Tuesday, February 5th.

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.

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Analyst Recommendations for First National Financial (TSE:FN)

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