First National Financial (TSE:FN) Given New C$42.00 Price Target at National Bankshares

First National Financial (TSE:FNFree Report) had its price target boosted by National Bankshares from C$41.00 to C$42.00 in a report released on Wednesday, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Several other analysts have also issued reports on the company. CIBC upped their target price on First National Financial from C$40.00 to C$44.00 and gave the stock a “neutral” rating in a research note on Wednesday. Scotiabank upped their target price on First National Financial from C$41.00 to C$44.00 in a research note on Wednesday, July 24th. Finally, TD Securities upped their target price on First National Financial from C$42.00 to C$46.00 and gave the stock a “buy” rating in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, First National Financial presently has an average rating of “Hold” and an average target price of C$42.67.

Read Our Latest Stock Report on FN

First National Financial Stock Up 1.3 %

FN stock opened at C$41.59 on Wednesday. The company has a current ratio of 8.92, a quick ratio of 10.11 and a debt-to-equity ratio of 6,280.61. The company’s 50 day moving average is C$38.67 and its 200 day moving average is C$37.37. The stock has a market cap of C$2.49 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 0.70 and a beta of 1.04. First National Financial has a 1-year low of C$34.54 and a 1-year high of C$42.74.

First National Financial (TSE:FNGet Free Report) last issued its earnings results on Tuesday, July 30th. The company reported C$0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.93 by C($0.04). The firm had revenue of C$205.45 million during the quarter, compared to analysts’ expectations of C$227.10 million. First National Financial had a return on equity of 30.22% and a net margin of 32.60%. Sell-side analysts predict that First National Financial will post 4.0243655 EPS for the current fiscal year.

First National Financial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.204 per share. This represents a $2.45 dividend on an annualized basis and a dividend yield of 5.89%. The ex-dividend date is Thursday, October 31st. First National Financial’s dividend payout ratio (DPR) is presently 64.47%.

Insider Activity

In related news, insider FNSC Holdings Inc. acquired 25,774 shares of the company’s stock in a transaction dated Monday, October 7th. The stock was purchased at an average price of C$38.81 per share, with a total value of C$1,000,288.94. Insiders own 71.45% of the company’s stock.

First National Financial Company Profile

(Get Free Report)

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.

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Analyst Recommendations for First National Financial (TSE:FN)

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