BMO Capital Markets Trims First National Financial (TSE:FN) Target Price to C$39.00

First National Financial (TSE:FN) had its price objective reduced by BMO Capital Markets from C$41.00 to C$39.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports.

A number of other research analysts also recently weighed in on the stock. Royal Bank of Canada lowered their price objective on shares of First National Financial from C$43.00 to C$41.00 and set a sector perform rating on the stock in a research report on Wednesday, May 1st. TD Securities increased their price target on First National Financial from C$41.00 to C$44.00 and gave the company a hold rating in a report on Thursday, March 7th. Finally, Scotiabank cut their price objective on First National Financial from C$45.00 to C$41.00 and set an outperform rating for the company in a report on Wednesday, May 1st. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Hold and a consensus price target of C$40.17.

First National Financial Price Performance

Shares of TSE FN opened at C$36.39 on Thursday. The company has a 50 day moving average of C$37.65 and a 200 day moving average of C$38.07. 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. First National Financial has a twelve month low of C$32.86 and a twelve month high of C$41.80. The firm has a market cap of C$2.18 billion, a P/E ratio of 8.77, a PEG ratio of 0.70 and a beta of 1.06.

First National Financial (TSE:FN) last announced its quarterly earnings results on Tuesday, March 5th. The company reported C$0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of C$199.30 million for the quarter, compared to the consensus estimate of C$164.10 million. As a group, research analysts expect that First National Financial will post 3.9252815 EPS for the current fiscal year.

First National Financial Increases Dividend

The firm also recently declared 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 represents a $2.45 annualized dividend and a dividend yield of 6.73%. The ex-dividend date of this dividend is Monday, April 29th. This is a boost from First National Financial’s previous monthly dividend of $0.20. First National Financial’s dividend payout ratio (DPR) 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.