First National Financial (TSE:FN) Stock Price Passes Below 200-Day Moving Average - Here's Why

First National Financial Co. (TSE:FN - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$40.52 and traded as low as C$39.41. First National Financial shares last traded at C$39.62, with a volume of 20,114 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FN. BMO Capital Markets increased their price objective on shares of First National Financial from C$41.00 to C$42.00 in a research report on Thursday, March 6th. Scotiabank lowered their target price on shares of First National Financial from C$45.00 to C$44.00 and set a "sector perform" rating for the company in a research note on Thursday. Finally, TD Securities lowered their target price on shares of First National Financial from C$46.00 to C$45.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, First National Financial has an average rating of "Hold" and a consensus price target of C$43.00.

First National Financial Stock Up 0.1 %

The business's 50-day moving average price is C$39.33 and its 200-day moving average price is C$40.56. The firm has a market capitalization of C$2.43 billion, a PE ratio of 13.17, a price-to-earnings-growth ratio of 0.70 and a beta of 1.04.

First National Financial Announces Dividend

The business also recently disclosed a apr 25 dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be issued a dividend of $0.2083 per share. First National Financial's payout ratio is 79.78%.

Insider Activity at First National Financial

In other news, insider FNSC Holdings Inc. purchased 24,796 shares of the business's stock in a transaction dated Wednesday, February 5th. The shares were bought at an average cost of C$40.34 per share, for a total transaction of C$1,000,270.64. 71.45% of the stock is currently owned by insiders.

First National Financial Company Profile

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.