First National Financial (TSE:FN) Stock Passes Above 50-Day Moving Average - What's Next?

Shares of First National Financial Co. (TSE:FN - Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$39.25 and traded as high as C$42.33. First National Financial shares last traded at C$42.12, with a volume of 22,686 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. 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. National Bankshares decreased their price target on 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. TD Securities reduced 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 research note on Thursday, May 1st. Finally, CIBC reduced their target price on First National Financial from C$44.00 to C$41.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st.

First National Financial Trading Down 0.5%

The company has a 50 day moving average price of C$39.35 and a 200 day moving average price of C$39.63. The company has a market capitalization of C$2.52 billion, a P/E ratio of 13.65, a P/E/G ratio of 0.70 and a beta of 1.04.

First National Financial Dividend Announcement

The company also recently declared a jun 25 dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.2083 dividend. First National Financial's dividend payout ratio (DPR) 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.