First National Financial Co. (TSE:FN) Insider FNSC Holdings Inc. Acquires 20,539 Shares

First National Financial Co. (TSE:FN - Get Free Report) insider FNSC Holdings Inc. acquired 20,539 shares of the firm's stock in a transaction dated Thursday, May 2nd. The shares were purchased at an average price of C$38.36 per share, with a total value of C$787,876.04.

First National Financial Stock Performance

TSE FN traded down C$0.21 during trading on Tuesday, hitting C$36.50. 26,533 shares of the company's stock traded hands, compared to its average volume of 33,372. The stock has a market capitalization of C$2.19 billion, a price-to-earnings ratio of 8.80, a PEG ratio of 0.70 and a beta of 1.06. First National Financial Co. has a 12-month low of C$32.86 and a 12-month high of C$41.80. 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. The business has a 50 day moving average of C$37.49 and a 200-day moving average of C$38.10.

First National Financial (TSE:FN - Get Free Report) last released its quarterly earnings data on Tuesday, March 5th. The company reported C$0.72 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 business had revenue of C$199.30 million for the quarter, compared to the consensus estimate of C$164.10 million. As a group, equities research analysts anticipate that First National Financial Co. will post 3.9252815 earnings per share for the current fiscal year.

First National Financial Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a $0.2042 dividend. This represents a $2.45 annualized dividend and a dividend yield of 6.71%. This is a boost from First National Financial's previous monthly dividend of $0.20. The ex-dividend date of this dividend is Monday, April 29th. First National Financial's dividend payout ratio is 59.04%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on 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 report on Wednesday, May 1st. TD Securities cut their price target 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 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, BMO Capital Markets lowered their target price on First National Financial from C$41.00 to C$39.00 in a research report on Thursday, May 2nd. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of C$40.17.

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.