Insider Buying: First National Financial Co. (TSE:FN) Director Acquires C$367,638.00 in Stock

First National Financial Co. (TSE:FN) Director Martine Irman bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were acquired at an average price of C$36.76 per share, with a total value of C$367,638.00.

First National Financial Stock Performance

Shares of TSE:FN opened at C$36.54 on Thursday. The firm has a fifty day simple moving average of C$37.41 and a two-hundred day simple moving average of C$38.09. 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 stock has a market capitalization of C$2.19 billion, a P/E ratio of 8.80, a PEG ratio of 0.70 and a beta of 1.06. First National Financial Co. has a 52 week low of C$32.86 and a 52 week high of C$41.80.

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. The company had revenue of C$199.30 million for the quarter, compared to analysts’ expectations of C$164.10 million. First National Financial had a return on equity of 35.19% and a net margin of 33.65%. On average, analysts expect that First National Financial Co. will post 3.9252815 earnings per share for the current fiscal year.

First National Financial Increases Dividend

The company 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. 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 yield of 6.71%. First National Financial’s payout ratio is 59.04%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Royal Bank of Canada dropped their price target on First National Financial from C$43.00 to C$41.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 1st. Scotiabank cut their target price on shares of 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 shares of First National Financial from C$44.00 to C$42.00 in a research note on Thursday, May 2nd. Finally, BMO Capital Markets cut their price objective on First National Financial from C$41.00 to C$39.00 in a research report on Thursday, May 2nd. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, First National Financial currently has an average rating of “Hold” and a consensus price target of C$40.17.

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.