First National Financial (TSE:FN) Price Target Cut to C$42.00 by Analysts at TD Securities

First National Financial (TSE:FN) had its price target cut by TD Securities from C$44.00 to C$42.00 in a research note published on Thursday, BayStreet.CA reports.

Several other analysts also recently weighed in on FN. Scotiabank decreased their price target 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 note on Wednesday. Royal Bank of Canada decreased their target price on 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. Finally, BMO Capital Markets lowered their target price on First National Financial from C$41.00 to C$39.00 in a report on Thursday. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Hold and an average target price of C$40.17.

First National Financial Trading Up 0.3 %

FN stock traded up C$0.10 during midday trading on Thursday, reaching C$36.39. The company’s stock had a trading volume of 31,401 shares, compared to its average volume of 33,323. First National Financial has a 1 year low of C$32.86 and a 1 year high of C$41.80. The firm has a market capitalization of C$2.18 billion, a price-to-earnings ratio of 8.77, a PEG ratio of 0.70 and a beta of 1.06. The stock has a fifty day simple moving average of C$37.65 and a two-hundred day simple moving average of C$38.02. The company has a debt-to-equity ratio of 6,070.47, a quick ratio of 10.11 and a current ratio of 10.29.

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

First National Financial Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a $0.2042 dividend. The ex-dividend date of this dividend is Monday, April 29th. This is an increase from First National Financial’s previous monthly dividend of $0.20. This represents a $2.45 dividend on an annualized basis and a dividend yield of 6.73%. First National Financial’s dividend payout ratio (DPR) is currently 59.04%.

About First National Financial

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.