First National Financial (TSE:FN) Stock Passes Above Fifty Day Moving Average - Here's Why

First National Financial Co. (TSE:FN - Get Free Report) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$38.79 and traded as high as C$40.77. First National Financial shares last traded at C$40.72, with a volume of 13,770 shares traded.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FN. National Bankshares reduced their price objective on shares of First National Financial from C$43.00 to C$39.00 and set a "sector perform" rating for the company in a research note on Wednesday, April 30th. CIBC lowered their price target on First National Financial from C$44.00 to C$41.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Scotiabank dropped their price target on First National Financial from C$44.00 to C$42.00 and set a "sector perform" rating for the company in a research note on Thursday, May 1st. TD Securities reduced their price objective on shares of First National Financial from C$45.00 to C$41.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Finally, BMO Capital Markets boosted their target price on shares of First National Financial from C$41.00 to C$42.00 in a report on Thursday, March 6th.

First National Financial Trading Up 0.5%

The company has a 50-day moving average price of C$38.83 and a two-hundred day moving average price of C$39.57. The stock has a market cap of C$2.48 billion, a P/E ratio of 13.45, a P/E/G ratio of 0.70 and a beta of 1.04.

First National Financial Dividend Announcement

The firm also recently declared a jun 25 dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.2083 dividend. First National Financial's payout ratio is 79.78%.

About First National Financial

First National Financial Corp is the parent company of First National Financial LP, a Canadian originator, underwriter, and servicer of predominantly prime residential and commercial mortgages. The company controls its First National Mortgage Investment Fund, which manages economic exposure to a diversified portfolio of primarily commercial mezzanine mortgages.