FNSC Holdings Inc. Acquires 20,539 Shares of First National Financial Co. (TSE:FN) Stock

First National Financial Co. (TSE:FN) insider FNSC Holdings Inc. bought 20,539 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were acquired at an average price of C$38.36 per share, with a total value of C$787,876.04.

First National Financial Stock Performance

TSE FN opened at C$36.54 on Thursday. The stock has a market capitalization of C$2.19 billion, a price-to-earnings ratio of 8.80, a PEG ratio of 0.70 and a beta of 1.06. The stock has a 50-day moving average of C$37.41 and a 200 day moving average of C$38.09. The company has a current ratio of 10.29, a quick ratio of 10.11 and a debt-to-equity ratio of 6,070.47. First National Financial Co. has a twelve month low of C$32.86 and a twelve month high of C$41.80.

First National Financial (TSE:FN) last posted its quarterly earnings data on Tuesday, March 5th. The company reported C$0.72 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 business had revenue of C$199.30 million during the quarter, compared to analysts’ expectations of C$164.10 million. Sell-side analysts anticipate that First National Financial Co. will post 3.9252815 EPS for the current fiscal year.

First National Financial Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.2042 per share. 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. This represents a $2.45 dividend on an annualized basis and a yield of 6.71%. First National Financial’s dividend payout ratio is currently 59.04%.

Analyst Ratings Changes

A number of equities analysts have weighed in on FN shares. Scotiabank reduced 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 research note on Wednesday, May 1st. TD Securities decreased their price target on First National Financial from C$44.00 to C$42.00 in a report on Thursday, May 2nd. Royal Bank of Canada lowered their price objective on 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. Finally, BMO Capital Markets cut their target price on shares of First National Financial from C$41.00 to C$39.00 in a report on Thursday, May 2nd. Five 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.com, the stock presently has an average rating of “Hold” and an average target price of C$40.17.

About First National Financial

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.