National Bank Financial Increases First National Financial (TSE:FN) Price Target to C$32.00

First National Financial (TSE:FN) had its price objective increased by equities researchers at National Bank Financial from C$31.00 to C$32.00 in a report issued on Wednesday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price target would suggest a potential downside of 3.35% from the stock’s previous close.

Separately, Royal Bank of Canada increased their target price on shares of First National Financial from C$32.00 to C$34.00 and gave the stock a “sector perform” rating in a report on Wednesday.

First National Financial stock traded up C$1.24 during mid-day trading on Wednesday, reaching C$33.11. 32,592 shares of the company’s stock were exchanged, compared to its average volume of 18,143. The firm has a market capitalization of $1.91 billion and a P/E ratio of 13.05. First National Financial has a twelve month low of C$25.38 and a twelve month high of C$33.14. The company has a current ratio of 10.98, a quick ratio of 10.78 and a debt-to-equity ratio of 6,867.62. The stock’s fifty day simple moving average is C$31.59.

First National Financial (TSE:FN) last released its earnings results on Tuesday, April 30th. The company reported C$0.38 earnings per share (EPS) for the quarter. The business had revenue of C$286.31 million for the quarter. Equities research analysts forecast that First National Financial will post 3.01 earnings per share for the current year.

In other news, insider FNSC Holdings Inc. acquired 1,700 shares of First National Financial stock in a transaction dated Thursday, May 9th. The shares were acquired at an average cost of C$29.82 per share, for a total transaction of C$50,694.00. Following the acquisition, the insider now owns 6,957,484 shares of the company’s stock, valued at C$207,472,172.88.

About First National Financial

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. The company provides its services through mortgage broker distribution channel, as well as through online.

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