First National Financial (TSE:FN) Share Price Crosses Below 200 Day Moving Average of $38.20

First National Financial Co. (TSE:FN - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$38.20 and traded as low as C$36.82. First National Financial shares last traded at C$36.90, with a volume of 25,458 shares.

Wall Street Analyst Weigh In

FN has been the subject of several research reports. 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, May 2nd. TD Securities cut their price objective on First National Financial from C$44.00 to C$42.00 in a report on Thursday, May 2nd. Scotiabank reduced their price objective 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 note on Wednesday, May 1st. Finally, Royal Bank of Canada cut their price target 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, May 1st. 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 company presently has a consensus rating of "Hold" and an average target price of C$40.17.

First National Financial Price Performance

The company has a current ratio of 16.25, a quick ratio of 10.11 and a debt-to-equity ratio of 5,813.50. The stock has a market cap of C$2.21 billion, a P/E ratio of 8.38, a price-to-earnings-growth ratio of 0.70 and a beta of 1.06. The company's fifty day simple moving average is C$37.13 and its 200-day simple moving average is C$38.19.

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, topping analysts' consensus estimates of C$0.22 by C$0.50. First National Financial had a return on equity of 36.66% and a net margin of 34.57%. The business had revenue of C$199.30 million for the quarter, compared to analyst estimates of C$164.10 million. As a group, sell-side analysts forecast that First National Financial Co. will post 3.7584098 EPS for the current year.

First National Financial Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.2042 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $2.45 dividend on an annualized basis and a dividend yield of 6.66%. This is an increase from First National Financial's previous monthly dividend of $0.20. First National Financial's payout ratio is presently 55.81%.

Insider Transactions at First National Financial

In related news, Director Martine Irman acquired 10,000 shares of the business's stock in a transaction that occurred on Monday, May 6th. The shares were acquired at an average cost of C$36.76 per share, with a total value of C$367,638.00. In related news, Director Martine Irman bought 10,000 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were acquired at an average price of C$36.76 per share, with a total value of C$367,638.00. Also, insider FNSC Holdings Inc. purchased 20,539 shares of the stock in a transaction on Thursday, May 2nd. The shares were bought at an average cost of C$38.36 per share, for a total transaction of C$787,876.04. 71.45% of the stock is owned by corporate insiders.

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.