First National Financial (TSE:FN) Price Target Raised to C$42.00 at National Bankshares

First National Financial (TSE:FN) had its target price hoisted by equities researchers at National Bankshares from C$41.00 to C$42.00 in a report released on Wednesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 0.38% from the company’s previous close.

Several other analysts have also weighed in on FN. TD Securities upped their price objective on First National Financial from C$42.00 to C$46.00 and gave the company a “buy” rating in a report on Wednesday. Scotiabank raised their price objective on shares of First National Financial from C$41.00 to C$44.00 in a research report on Wednesday, July 24th. Finally, CIBC upped 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. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, First National Financial has an average rating of “Hold” and a consensus price target of C$42.67.

First National Financial Price Performance

Shares of TSE:FN traded up C$0.79 during trading on Wednesday, reaching C$41.84. The company had a trading volume of 84,278 shares, compared to its average volume of 30,408. The firm’s fifty day moving average is C$38.67 and its 200 day moving average is C$37.37. The company has a debt-to-equity ratio of 6,280.61, a quick ratio of 10.11 and a current ratio of 8.92. The firm has a market capitalization of C$2.51 billion, a PE ratio of 11.06, a price-to-earnings-growth ratio of 0.70 and a beta of 1.04. First National Financial has a twelve month low of C$34.54 and a twelve month high of C$42.74.

First National Financial (TSE:FN) last released its earnings results on Tuesday, July 30th. The company reported C$0.89 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.93 by C($0.04). First National Financial had a return on equity of 30.22% and a net margin of 32.60%. The firm had revenue of C$205.45 million during the quarter, compared to analyst estimates of C$227.10 million. On average, equities analysts forecast that First National Financial will post 4.0243655 EPS for the current year.

Insider Activity at First National Financial

In other First National Financial news, insider FNSC Holdings Inc. acquired 25,774 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was purchased at an average cost of C$38.81 per share, for a total transaction of C$1,000,288.94. 71.45% of the stock is owned by 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.