National Bank Financial Weighs in on First National Financial Co.'s FY2024 Earnings (TSE:FN)

First National Financial Co. (TSE:FN - Free Report) - Equities researchers at National Bank Financial cut their FY2024 earnings per share estimates for shares of First National Financial in a report released on Tuesday, April 30th. National Bank Financial analyst J. Gloyn now forecasts that the company will earn $3.83 per share for the year, down from their prior estimate of $3.92. 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 FY2025 earnings at $4.49 EPS.

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

Other analysts also recently issued research reports about the company. BMO Capital Markets reduced their price objective on First National Financial from C$41.00 to C$39.00 in a research note on Thursday. Scotiabank reduced their price target on shares of First National Financial from C$45.00 to C$41.00 and set an "outperform" rating on the stock in a research report on Wednesday. TD Securities lowered their price objective on shares of First National Financial from C$44.00 to C$42.00 in a research report on Thursday. Finally, Royal Bank of Canada reduced their target price 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 report on Wednesday. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, First National Financial presently has a consensus rating of "Hold" and a consensus price target of C$40.17.

First National Financial Price Performance

Shares of FN stock traded up C$0.10 during trading hours on Friday, hitting C$36.39. The stock had a trading volume of 31,401 shares, compared to its average volume of 33,323. 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 stock has a market capitalization of C$2.18 billion, a price-to-earnings ratio of 8.79, a PEG ratio of 0.70 and a beta of 1.06. First National Financial has a one year low of C$32.86 and a one year high of C$41.80. The stock's 50-day moving average price is C$37.73 and its two-hundred day moving average price is C$38.02.

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 issued a dividend of $0.2042 per share. This is an increase from First National Financial's previous monthly dividend of $0.20. This represents a $2.45 annualized dividend and a yield of 6.73%. The ex-dividend date of this dividend is Monday, April 29th. First National Financial's dividend payout ratio (DPR) is presently 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.