First National Financial (TSE:FN) Shares Pass Above 50-Day Moving Average - Here's Why

First National Financial Co. (TSE:FN - Get Free Report) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$39.02 and traded as high as C$41.34. First National Financial shares last traded at C$41.13, with a volume of 23,364 shares traded.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. BMO Capital Markets boosted their price objective on First National Financial from C$41.00 to C$42.00 in a report on Thursday, March 6th. TD Securities dropped their target price on First National Financial from C$45.00 to C$41.00 and set a "buy" rating for the company in a report on Thursday, May 1st. 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 on the stock in a research report on Wednesday, April 30th. CIBC dropped 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 research report on Thursday, May 1st. Finally, Scotiabank decreased 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.

First National Financial Stock Performance

The company has a market capitalization of C$2.49 billion, a PE ratio of 13.51, a price-to-earnings-growth ratio of 0.70 and a beta of 1.04. The firm's 50-day simple moving average is C$39.02 and its 200 day simple moving average is C$39.56.

First National Financial Dividend Announcement

The company also recently announced a jun 25 dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.2083 per share. First National Financial's dividend payout ratio is presently 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.