First National Financial (TSE:FN – Free Report) had its price target trimmed by TD Securities from C$44.00 to C$42.00 in a report issued on Thursday morning, BayStreet.CA reports.
Several other analysts have also commented on the stock. Royal Bank of Canada cut their target price on shares of 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. Scotiabank decreased their target price on First National Financial from C$45.00 to C$41.00 and set an outperform rating on the stock in a report on Wednesday, May 1st. Finally, BMO Capital Markets dropped their price target on First National Financial from C$41.00 to C$39.00 in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of C$40.17.
Check Out Our Latest Report on FN
First National Financial Stock Performance
First National Financial (TSE:FN – Get Free Report) last announced its quarterly earnings data on Tuesday, March 5th. The company reported C$0.72 earnings per share for the quarter, beating the consensus estimate of C$0.22 by C$0.50. The business had revenue of C$199.30 million during the quarter, compared to analyst estimates of C$164.10 million. First National Financial had a return on equity of 35.19% and a net margin of 33.65%. Research analysts predict that First National Financial will post 3.9252815 EPS for the current fiscal year.
First National Financial Increases Dividend
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a dividend of $0.2042 per share. This represents a $2.45 annualized dividend and a dividend yield of 6.73%. This is a positive change 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 currently 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.
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