First National Financial Co. (TSE:FN) Insider FNSC Holdings Inc. Acquires 24,084 Shares of Stock

First National Financial Co. (TSE:FN) insider FNSC Holdings Inc. purchased 24,084 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was bought at an average price of C$37.38 per share, for a total transaction of C$900,259.92.

FNSC Holdings Inc. also recently made the following trade(s):

• On Thursday, May 2nd, FNSC Holdings Inc. purchased 20,539 shares of First National Financial stock. The shares were purchased at an average cost of C$38.36 per share, with a total value of C$787,876.04.

First National Financial Trading Down 0.4 %

FN opened at C$36.43 on Friday. The company has a quick ratio of 10.11, a current ratio of 16.25 and a debt-to-equity ratio of 5,813.50. The stock’s fifty day moving average is C$37.15 and its two-hundred day moving average is C$38.17. The company has a market capitalization of C$2.18 billion, a P/E ratio of 8.30, 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 announced its quarterly earnings results on Tuesday, April 30th. The company reported C$0.82 EPS for the quarter. First National Financial had a return on equity of 36.66% and a net margin of 34.57%. The firm had revenue of C$518.05 million for the quarter. Analysts forecast that First National Financial Co. will post 3.7584098 earnings per share for the current year.

First National Financial Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.204 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.45 dividend on an annualized basis and a dividend yield of 6.72%. First National Financial’s dividend payout ratio is presently 55.81%.

Analyst Upgrades and Downgrades

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