Q2 2024 EPS Estimates for First National Financial Co. Decreased by National Bank Financial (TSE:FN)

First National Financial Co. (TSE:FN) – Research analysts at National Bank Financial lowered their Q2 2024 earnings estimates for First National Financial in a report released on Tuesday, April 30th. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings of $0.93 per share for the quarter, down from their previous forecast of $1.02. The consensus estimate for First National Financial’s current full-year earnings is $3.93 per share. National Bank Financial also issued estimates for First National Financial’s Q3 2024 earnings at $1.14 EPS, Q4 2024 earnings at $1.01 EPS, FY2024 earnings at $3.92 EPS and FY2025 earnings at $4.52 EPS.

First National Financial (TSE:FN) last posted its quarterly earnings results on Tuesday, March 5th. The company reported C$0.72 earnings per share for the quarter, topping the consensus estimate of C$0.22 by C$0.50. First National Financial had a return on equity of 35.19% and a net margin of 33.65%. The firm had revenue of C$199.30 million during the quarter, compared to analysts’ expectations of C$164.10 million.

Other research analysts also recently issued research reports about the company. Royal Bank of Canada lowered their target price on 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. TD Securities increased their price objective on shares of First National Financial from C$41.00 to C$44.00 and gave the stock a “hold” rating in a research note on Thursday, March 7th. Scotiabank cut their target price 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 report on Wednesday. Finally, BMO Capital Markets decreased their price target on shares of First National Financial from C$44.00 to C$41.00 and set a “market perform” rating on the stock in a research report on Thursday, March 7th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, First National Financial has a consensus rating of “Hold” and an average price target of C$40.83.

First National Financial Stock Down 7.0 %

FN opened at C$35.68 on Thursday. The stock has a market capitalization of C$2.14 billion, a price-to-earnings ratio of 8.60, a PEG ratio of 0.70 and a beta of 1.06. The firm has a 50 day moving average price of C$37.80 and a 200-day moving average price of C$38.03. First National Financial has a twelve month low of C$32.86 and a twelve month high of C$41.80. The company has a quick ratio of 10.11, a current ratio of 10.29 and a debt-to-equity ratio of 6,070.47.

First National Financial Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.2042 per share. This represents a $2.45 annualized dividend and a yield of 6.87%. This is a boost from First National Financial’s previous monthly dividend of $0.20. The ex-dividend date is Monday, April 29th. First National Financial’s dividend payout ratio (DPR) is presently 59.04%.

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.