First National Financial (TSE:FN) had its price objective increased by BMO Capital Markets from C$30.00 to C$34.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports.
Other analysts also recently issued reports about the company. Royal Bank of Canada raised their price objective on First National Financial from C$32.00 to C$34.00 and gave the stock a sector perform rating in a research report on Wednesday. National Bank Financial raised their price objective on First National Financial from C$31.00 to C$32.00 and gave the stock a sector perform rating in a research report on Wednesday.
Shares of FN traded up C$0.15 during midday trading on Thursday, reaching C$33.45. The company had a trading volume of 13,440 shares, compared to its average volume of 18,240. First National Financial has a 1-year low of C$25.38 and a 1-year high of C$33.49. The company has a market capitalization of $2.00 billion and a PE ratio of 13.28. The business has a 50 day simple moving average of C$31.63. The company has a debt-to-equity ratio of 6,867.62, a quick ratio of 10.78 and a current ratio of 10.98.
First National Financial (TSE:FN) last issued its quarterly earnings data 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. On average, sell-side analysts predict that First National Financial will post 3.01 EPS for the current year.
The company also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be given a $0.158 dividend. This represents a $1.90 annualized dividend and a yield of 5.67%. The ex-dividend date is Tuesday, July 30th. First National Financial’s dividend payout ratio is currently 74.30%.
In related news, insider FNSC Holdings Inc. acquired 1,700 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was acquired at an average price of C$29.82 per share, for a total transaction of C$50,694.00. Following the purchase, the insider now owns 6,957,484 shares of the company’s stock, 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.
Further Reading: Buy-Side Analysts
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