First National Financial (TSE:FN) Given New C$34.00 Price Target at Royal Bank of Canada

First National Financial (TSE:FN) had its target price upped by Royal Bank of Canada from C$32.00 to C$34.00 in a report issued on Wednesday, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

Separately, National Bank Financial lifted their price target on shares of First National Financial from C$27.00 to C$30.00 and gave the company a sector perform rating in a research note on Tuesday, April 30th.

First National Financial stock opened at C$32.75 on Wednesday. The company has a fifty day moving average of C$31.61. First National Financial has a 1 year low of C$25.38 and a 1 year high of C$33.14. The firm has a market cap of $1.91 billion and a PE ratio of 13.01. The company has a quick ratio of 10.78, a current ratio of 10.98 and a debt-to-equity ratio of 6,867.62.

First National Financial (TSE:FN) last released its quarterly earnings results on Tuesday, April 30th. The company reported C$0.38 earnings per share (EPS) for the quarter. The company had revenue of C$286.31 million during the quarter. On average, sell-side analysts predict that First National Financial will post 3.01 EPS for the current fiscal year.

The firm also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be paid a dividend of $0.158 per share. The ex-dividend date is Tuesday, July 30th. This represents a $1.90 annualized dividend and a yield of 5.79%. First National Financial’s dividend payout ratio (DPR) is presently 74.30%.

In other First National Financial news, insider FNSC Holdings Inc. bought 1,700 shares of the stock in a transaction on Thursday, May 9th. The shares were bought at an average price of C$29.82 per share, with a total value of C$50,694.00. Following the purchase, the insider now directly owns 6,957,484 shares in the company, valued at approximately 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.

Read More: Why investors pay attention to retained earnings

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's FREE daily email newsletter.