First National Financial (TSE:FN) Shares Cross Below 200 Day Moving Average - What's Next?

First National Financial Co. (TSE:FN - Get Free Report)'s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$40.43 and traded as low as C$37.40. First National Financial shares last traded at C$37.70, with a volume of 29,219 shares changing hands.

Wall Street Analysts Forecast Growth

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

First National Financial Trading Up 0.4%

The company has a market capitalization of C$2.27 billion, a price-to-earnings ratio of 12.32, a price-to-earnings-growth ratio of 0.70 and a beta of 1.04. The firm's 50 day moving average price is C$38.83 and its two-hundred day moving average price is C$40.42.

First National Financial Dividend Announcement

The company also recently disclosed a apr 25 dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be paid 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.