First National Financial Co. (TSE:FN – Get Rating) has received an average rating of “Hold” from the seven ratings firms that are covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$39.14.
A number of equities analysts recently commented on the company. CIBC dropped their price objective on First National Financial from C$43.00 to C$36.00 and set a “neutral” rating on the stock in a report on Tuesday, July 5th. Scotiabank cut their price target on shares of First National Financial from C$38.00 to C$37.00 in a report on Thursday, July 28th. BMO Capital Markets decreased their price objective on shares of First National Financial from C$38.00 to C$36.00 in a report on Thursday, July 28th. Finally, National Bankshares cut their target price on First National Financial from C$36.00 to C$35.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 27th.
Insider Transactions at First National Financial
In related news, insider FNSC Holdings Inc. acquired 3,036 shares of the stock in a transaction dated Wednesday, June 29th. The shares were acquired at an average price of C$32.95 per share, for a total transaction of C$100,036.20. Following the completion of the purchase, the insider now owns 7,745,526 shares in the company, valued at approximately C$255,215,081.70.
First National Financial Price Performance
First National Financial (TSE:FN – Get Rating) last announced its quarterly earnings data on Tuesday, July 26th. The company reported C$1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.82 by C$0.19. The firm had revenue of C$251.91 million for the quarter, compared to analysts’ expectations of C$199.30 million. Equities research analysts expect that First National Financial will post 3.1600002 EPS for the current fiscal year.
First National Financial Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be paid a dividend of $0.196 per share. The ex-dividend date is Wednesday, September 28th. This represents a $2.35 annualized dividend and a yield of 6.09%. First National Financial’s payout ratio is 69.94%.
About First National Financial
First National Financial Corporation, together with its subsidiaries, originates, underwrites, and services commercial and residential mortgages in Canada. The company operates in two segments, Residential and Commercial segments. It offers single-family residential, and multi-unit residential and commercial mortgages.
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