First National Financial Co. (TSE:FN) Insider Buys C$787,876.04 in Stock

First National Financial Co. (TSE:FN) insider FNSC Holdings Inc. acquired 20,539 shares of the stock in a transaction dated 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.

First National Financial Trading Down 0.2 %

TSE:FN traded down C$0.06 on Tuesday, reaching C$36.65. 12,153 shares of the stock traded hands, compared to its average volume of 33,196. The firm has a market capitalization of C$2.20 billion, a price-to-earnings ratio of 8.85, a price-to-earnings-growth ratio of 0.70 and a beta of 1.06. The company has a current ratio of 10.29, a quick ratio of 10.11 and a debt-to-equity ratio of 6,070.47. First National Financial Co. has a 1-year low of C$32.86 and a 1-year high of C$41.80. The company’s 50 day moving average is C$37.58 and its 200-day moving average is C$38.08.

First National Financial (TSE:FN) last posted its quarterly earnings results on Tuesday, March 5th. The company reported C$0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.22 by C$0.50. The firm had revenue of C$199.30 million for the quarter, compared to analysts’ expectations of C$164.10 million. First National Financial had a return on equity of 35.19% and a net margin of 33.65%. Equities research analysts anticipate that First National Financial Co. will post 3.9252815 EPS for the current fiscal year.

First National Financial Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a $0.2042 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $2.45 annualized dividend and a yield of 6.69%. This is an increase from First National Financial’s previous monthly dividend of $0.20. First National Financial’s dividend payout ratio (DPR) is presently 59.04%.

Wall Street Analyst Weigh In

FN has been the topic of a number of research reports. Scotiabank lowered their price objective on First National Financial from C$45.00 to C$41.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Royal Bank of Canada dropped their price target 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 report on Wednesday, May 1st. TD Securities reduced their target price on First National Financial from C$44.00 to C$42.00 in a report on Thursday, May 2nd. Finally, BMO Capital Markets decreased their target price on shares of First National Financial from C$41.00 to C$39.00 in a research note on Thursday, May 2nd. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$40.17.

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.