Q2 2024 Earnings Estimate for First National Financial Co. (TSE:FN) Issued By National Bank Financial

First National Financial Co. (TSE:FN - Free Report) - Investment analysts at National Bank Financial reduced their Q2 2024 EPS estimates for shares of First National Financial in a research report issued to clients and investors on Tuesday, April 30th. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings per share of $0.93 for the quarter, down from their previous estimate of $1.02. 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 Q3 2024 earnings at $1.14 EPS, Q4 2024 earnings at $1.01 EPS, FY2024 earnings at $3.92 EPS and FY2025 earnings at $4.52 EPS.

First National Financial (TSE:FN - Get Free Report) last released its quarterly earnings results 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. First National Financial had a return on equity of 35.19% and a net margin of 33.65%. The business had revenue of C$199.30 million during the quarter, compared to analyst estimates of C$164.10 million.

Other equities research analysts have also issued research reports about the stock. Royal Bank of Canada dropped their price objective on shares of First National Financial from C$43.00 to C$41.00 and set a "sector perform" rating on the stock in a research note on Wednesday. Scotiabank cut their price target on First National Financial from C$45.00 to C$41.00 and set an "outperform" rating on the stock in a research note on Wednesday. TD Securities lowered their price objective on First National Financial from C$44.00 to C$42.00 in a research note on Thursday. Finally, BMO Capital Markets reduced their price target on First National Financial from C$41.00 to C$39.00 in a report on Thursday. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of C$40.17.

First National Financial Stock Up 1.7 %

FN traded up C$0.61 on Thursday, hitting C$36.29. The company had a trading volume of 42,784 shares, compared to its average volume of 33,343. First National Financial has a 52-week low of C$32.86 and a 52-week high of C$41.80. The stock has a fifty day simple moving average of C$37.73 and a 200-day simple moving average of C$38.02. The company has a debt-to-equity ratio of 6,070.47, a current ratio of 10.29 and a quick ratio of 10.11. The firm has a market capitalization of C$2.18 billion, a P/E ratio of 8.74, a P/E/G ratio of 0.70 and a beta of 1.06.

First National Financial Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a $0.2042 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $2.45 annualized dividend and a dividend yield of 6.75%. This is an increase from First National Financial's previous monthly dividend of $0.20. First National Financial's dividend payout ratio (DPR) is 59.04%.

First National Financial Company Profile

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.