Brokerages Set First National Financial Co. (TSE:FN) Price Target at C$40.67

First National Financial Co. (TSE:FN) has been assigned a consensus recommendation of “Hold” from the six analysts that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$40.67.

Separately, Scotiabank raised their target price on First National Financial from C$41.00 to C$44.00 in a report on Wednesday, July 24th.

First National Financial Price Performance

Shares of FN opened at C$38.98 on Tuesday. The company has a current ratio of 8.92, a quick ratio of 10.11 and a debt-to-equity ratio of 6,280.61. First National Financial has a 1 year low of C$32.86 and a 1 year high of C$41.41. The stock has a market cap of C$2.34 billion, a P/E ratio of 10.26, a price-to-earnings-growth ratio of 0.70 and a beta of 1.04. The stock’s 50-day moving average price is C$37.67 and its two-hundred day moving average price is C$37.05.

First National Financial (TSE:FN) last issued its earnings results on Tuesday, July 30th. The company reported C$0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.93 by C($0.04). First National Financial had a return on equity of 30.22% and a net margin of 32.60%. The company had revenue of C$205.45 million for the quarter, compared to the consensus estimate of C$227.10 million.

First National Financial Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be issued a dividend of $0.204 per share. This represents a $2.45 annualized dividend and a dividend yield of 6.28%. The ex-dividend date is Friday, September 27th. First National Financial’s dividend payout ratio (DPR) is presently 64.47%.

Insider Activity

In other news, insider FNSC Holdings Inc. bought 16,565 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were acquired at an average price of C$39.24 per share, with a total value of C$650,010.60. 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.