First National Financial Co. Announces Annual Dividend of $0.71 (TSE:FN)

First National Financial Co. (TSE:FN) announced an annual dividend on Tuesday, October 29th,Zacks Dividends reports. Shareholders of record on Friday, November 29th will be paid a dividend of 0.708 per share on Friday, December 13th. This represents a dividend yield of 1.71%. The ex-dividend date of this dividend is Friday, November 29th.

First National Financial Stock Performance

Shares of TSE:FN traded up C$0.20 during midday trading on Wednesday, reaching C$44.64. 16,594 shares of the company traded hands, compared to its average volume of 30,712. 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. First National Financial has a 12 month low of C$35.15 and a 12 month high of C$45.10. The firm has a market capitalization of C$2.68 billion, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 0.70 and a beta of 1.04. The firm’s fifty day moving average price is C$40.82 and its two-hundred day moving average price is C$38.12.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FN. CIBC boosted their price objective on First National Financial from C$40.00 to C$44.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. National Bankshares boosted their price objective on First National Financial from C$41.00 to C$42.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Finally, TD Securities boosted their price objective on First National Financial from C$42.00 to C$46.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, First National Financial presently has an average rating of “Hold” and an average price target of C$42.67.

Insider Buying and Selling

In other First National Financial news, insider FNSC Holdings Inc. bought 105,214 shares of First National Financial stock in a transaction that occurred on Thursday, November 14th. The stock was acquired at an average cost of C$42.73 per share, for a total transaction of C$4,495,794.22. Insiders acquired a total of 147,553 shares of company stock worth $6,146,094 over the last ninety days. 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.