National Bank Financial Brokers Reduce Earnings Estimates for First National Financial Co. (TSE:FN)

First National Financial Co. (TSE:FN) – Equities research analysts at National Bank Financial cut their Q2 2024 earnings per share estimates for shares of First National Financial in a research note issued on Tuesday, April 30th. National Bank Financial analyst J. Gloyn now forecasts that the company will post earnings per share of $0.93 for the quarter, down from their prior forecast of $1.02. The consensus estimate for First National Financial’s current full-year earnings is $3.93 per share. National Bank Financial also issued estimates for First National Financial’s Q3 2024 earnings at $1.14 EPS, Q4 2024 earnings at $1.01 EPS, FY2024 earnings at $3.92 EPS and FY2025 earnings at $4.52 EPS.

First National Financial (TSE:FN) last announced its earnings results 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 business had revenue of C$199.30 million during the quarter, compared to the consensus estimate of C$164.10 million. First National Financial had a return on equity of 35.19% and a net margin of 33.65%.

Other research analysts have also issued reports about the stock. Royal Bank of Canada decreased their price target 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 note on Wednesday. Scotiabank reduced their target price 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. TD Securities lifted their price target on First National Financial from C$41.00 to C$44.00 and gave the stock a “hold” rating in a research note on Thursday, March 7th. Finally, 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 for the company in a research report on Thursday, March 7th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$40.83.

First National Financial Stock Down 7.0 %

Shares of TSE FN opened at C$35.68 on Thursday. The firm has a market cap of C$2.14 billion, a price-to-earnings ratio of 8.60, a price-to-earnings-growth ratio of 0.70 and a beta of 1.06. The company’s 50-day simple moving average is C$37.80 and its 200-day simple moving average is C$38.03. 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 52-week low of C$32.86 and a 52-week high of C$41.80.

First National Financial Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a $0.2042 dividend. This represents a $2.45 dividend on an annualized basis and a yield of 6.87%. This is a positive change from First National Financial’s previous monthly dividend of $0.20. The ex-dividend date is Monday, April 29th. First National Financial’s dividend payout ratio (DPR) is 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.