First National Financial (TSE:FN) PT Raised to C$44.00 at Scotiabank

First National Financial (TSE:FN) had its price target upped by Scotiabank from C$41.00 to C$44.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports.

Several other research analysts have also recently weighed in on the company. TD Securities decreased their target price on First National Financial from C$44.00 to C$42.00 in a research note on Thursday, May 2nd. Royal Bank of Canada decreased their target price on First National Financial from C$43.00 to C$41.00 and set a sector perform rating for the company in a research note on Wednesday, May 1st. Finally, BMO Capital Markets decreased their target price on First National Financial from C$41.00 to C$39.00 in a research note on Thursday, May 2nd. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, First National Financial currently has an average rating of Hold and a consensus target price of C$40.67.

First National Financial Stock Performance

First National Financial stock opened at C$38.43 on Wednesday. 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$2.30 billion, a P/E ratio of 8.75, a price-to-earnings-growth ratio of 0.70 and a beta of 1.06. 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 50 day moving average of C$36.30 and a 200-day moving average of C$37.63.

First National Financial (TSE:FN) last issued its earnings results on Tuesday, April 30th. The company reported C$0.82 earnings per share for the quarter. First National Financial had a return on equity of 36.66% and a net margin of 34.57%. The firm had revenue of C$518.05 million for the quarter. On average, analysts expect that First National Financial will post 3.734359 EPS for the current fiscal year.

First National Financial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be given a $0.204 dividend. This represents a $2.45 annualized dividend and a yield of 6.37%. The ex-dividend date of this dividend is Wednesday, July 31st. First National Financial’s dividend payout ratio is currently 55.81%.

Insiders Place Their Bets

In other news, insider FNSC Holdings Inc. acquired 20,539 shares of the stock in a transaction dated Thursday, May 2nd. The shares were acquired at an average cost of C$38.36 per share, for a total transaction of C$787,876.04. In related news, Director Martine Irman purchased 10,000 shares of the stock in a transaction on Monday, May 6th. The shares were purchased at an average cost of C$36.76 per share, for a total transaction 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 stock was bought at an average price of C$38.36 per share, for a total transaction of C$787,876.04. Insiders have acquired a total of 71,684 shares of company stock valued at $2,630,974 in the last three months. Company insiders own 71.45% of the company’s stock.

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.