Equities Analysts Offer Predictions for First National Financial Co.'s Q1 2024 Earnings (TSE:FN)

First National Financial Co. (TSE:FN - Free Report) - Stock analysts at National Bank Financial issued their Q1 2024 earnings estimates for First National Financial in a research report issued to clients and investors on Monday, April 29th. National Bank Financial analyst J. Gloyn anticipates that the company will earn $0.77 per share for the quarter. The consensus estimate for First National Financial's current full-year earnings is $3.93 per share. National Bank Financial also issued estimates for First National Financial's Q2 2024 earnings at $1.02 EPS, Q3 2024 earnings at $1.13 EPS and Q4 2024 earnings at $1.00 EPS.

First National Financial (TSE:FN - Get Free Report) last announced its quarterly earnings data on Tuesday, March 5th. The company reported C$0.72 EPS for the quarter, beating analysts' consensus estimates of C$0.22 by C$0.50. The business had revenue of C$199.30 million during the quarter, compared to analyst estimates of C$164.10 million. First National Financial had a net margin of 33.65% and a return on equity of 35.19%.

FN has been the subject of several other research reports. BMO Capital Markets dropped their price target on shares of First National Financial from C$44.00 to C$41.00 and set a "market perform" rating for the company in a research report on Thursday, March 7th. Royal Bank of Canada dropped their price target on shares of First National Financial from C$43.00 to C$41.00 and set a "sector perform" rating for the company in a research report on Wednesday. Scotiabank dropped their price target on shares of First National Financial from C$45.00 to C$41.00 and set an "outperform" rating for the company in a research report on Wednesday. Finally, TD Securities increased their price target on shares of First National Financial from C$41.00 to C$44.00 and gave the stock a "hold" rating in a research report on Thursday, March 7th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, First National Financial currently has an average rating of "Hold" and a consensus price target of C$40.83.

First National Financial Stock Performance

Shares of FN traded down C$2.67 during trading hours on Wednesday, reaching C$35.68. 175,021 shares of the company traded hands, compared to its average volume of 33,229. The stock's fifty day moving average is C$37.89 and its 200 day moving average is C$38.05. The stock has a market cap of C$2.14 billion, a P/E ratio of 8.60, a price-to-earnings-growth ratio of 0.70 and a beta of 1.06. The company has a debt-to-equity ratio of 6,070.47, a quick ratio of 10.11 and a current ratio of 10.29. First National Financial has a 1-year low of C$32.86 and a 1-year high of C$41.80.

First National Financial Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.2042 per share. This represents a $2.45 annualized dividend and a yield of 6.87%. This is a boost from First National Financial's previous monthly dividend of $0.20. The ex-dividend date is Monday, April 29th. First National Financial's dividend payout ratio is currently 59.04%.

About First National Financial

First National Financial Corporation, together with its subsidiaries, originates, underwrites, and services commercial and residential mortgages in Canada. It operates in two segments, Residential and Commercial segments. The company offers single-family and multi-unit residential, and commercial mortgages.