First National Financial (TSE:FN) Shares Cross Below 200-Day Moving Average of $38.03

Shares of First National Financial Co. (TSE:FN) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$38.03 and traded as low as C$37.85. First National Financial shares last traded at C$38.35, with a volume of 22,447 shares.

Analysts Set New Price Targets

FN has been the topic of a number of research reports. BMO Capital Markets dropped their price target on First National Financial from C$44.00 to C$41.00 and set a “market perform” rating on the stock in a research note on Thursday, March 7th. Scotiabank lifted their target price on First National Financial from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 31st. TD Securities lifted their target price on First National Financial from C$41.00 to C$44.00 and gave the company a “hold” rating in a research report on Thursday, March 7th. Finally, Royal Bank of Canada lifted their target price on First National Financial from C$42.00 to C$43.00 in a research report on Thursday, January 4th. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$41.83.

First National Financial Stock Up 0.4 %

The company has a 50 day simple moving average of C$37.89 and a two-hundred day simple moving average of C$38.05. The company has a quick ratio of 10.11, a current ratio of 10.29 and a debt-to-equity ratio of 6,070.47. The company has a market capitalization of C$2.30 billion, a P/E ratio of 9.24, a PEG ratio of 0.70 and a beta of 1.06.

First National Financial (TSE:FN) last issued its quarterly earnings data on Tuesday, March 5th. The company reported C$0.72 earnings per share for the quarter, topping the consensus estimate of C$0.22 by C$0.50. First National Financial had a return on equity of 35.19% and a net margin of 33.65%. The company had revenue of C$199.30 million for the quarter, compared to analysts’ expectations of C$164.10 million. As a group, equities analysts predict that First National Financial Co. will post 3.9252815 EPS for the current year.

First National Financial Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.2042 per share. This is a boost from First National Financial’s previous monthly dividend of $0.20. The ex-dividend date is Monday, April 29th. This represents a $2.45 dividend on an annualized basis and a dividend yield of 6.39%. First National Financial’s dividend payout ratio is currently 59.04%.

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.