First National Financial (TSE:FN) Sets New 12-Month High – Still a Buy?

First National Financial Co. (TSE:FN)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$43.64 and last traded at C$43.64, with a volume of 44020 shares changing hands. The stock had previously closed at C$43.18.

Analyst Ratings Changes

Several analysts recently issued reports on FN shares. Scotiabank upped their target price on shares of First National Financial from C$41.00 to C$44.00 in a report on Wednesday, July 24th. National Bankshares raised their target price on First National Financial from C$41.00 to C$42.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. CIBC boosted their price target on First National Financial from C$40.00 to C$44.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, TD Securities raised their price objective on First National Financial from C$42.00 to C$46.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, First National Financial currently has an average rating of “Hold” and an average target price of C$42.67.

First National Financial Stock Performance

The company has a quick ratio of 10.11, a current ratio of 8.92 and a debt-to-equity ratio of 6,280.61. The stock has a market cap of C$2.62 billion, a P/E ratio of 11.36, a price-to-earnings-growth ratio of 0.70 and a beta of 1.04. The business has a 50 day moving average price of C$40.00 and a two-hundred day moving average price of C$37.80.

First National Financial Announces Dividend

The business also recently announced an annual dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.708 per share. The ex-dividend date is Friday, November 29th. This represents a yield of 1.71%. First National Financial’s payout ratio is 64.47%.

Insider Buying and Selling at First National Financial

In other First National Financial news, insider FNSC Holdings Inc. purchased 25,774 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were bought at an average price of C$38.81 per share, with a total value of C$1,000,288.94. Insiders purchased 147,553 shares of company stock valued at $6,146,094 in the last 90 days. 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.