First National Financial Co. Announces Monthly Dividend of $0.20 (TSE:FN)

First National Financial Co. (TSE:FN) announced a monthly dividend on Monday, July 15th, Zacks reports. Stockholders of record on Wednesday, July 31st will be paid a dividend of 0.204 per share on Thursday, August 15th. This represents a $2.45 dividend on an annualized basis and a dividend yield of 6.41%. The ex-dividend date is Wednesday, July 31st.

First National Financial Stock Down 0.6 %

Shares of FN opened at C$38.21 on Tuesday. First National Financial has a 52 week low of C$32.86 and a 52 week high of C$41.80. The company has a quick ratio of 10.11, a current ratio of 16.25 and a debt-to-equity ratio of 5,813.50. The company has a market capitalization of C$2.29 billion, a price-to-earnings ratio of 8.70, a PEG ratio of 0.70 and a beta of 1.06. The stock’s 50-day moving average price is C$36.33 and its 200-day moving average price is C$37.62.

First National Financial (TSE:FN) last released its quarterly earnings results on Tuesday, April 30th. The company reported C$0.82 earnings per share for the quarter. The company had revenue of C$518.05 million during the quarter. First National Financial had a return on equity of 36.66% and a net margin of 34.57%. On average, sell-side analysts predict that First National Financial will post 3.734359 EPS for the current year.

Analyst Ratings Changes

FN has been the subject of a number of analyst reports. BMO Capital Markets reduced their price target on First National Financial from C$41.00 to C$39.00 in a report on Thursday, May 2nd. TD Securities reduced their price target on First National Financial from C$44.00 to C$42.00 in a report on Thursday, May 2nd. Royal Bank of Canada reduced their price target on First National Financial from C$43.00 to C$41.00 and set a “sector perform” rating for the company in a report on Wednesday, May 1st. Finally, Scotiabank upped their price target on First National Financial from C$41.00 to C$44.00 in a report on Wednesday, July 24th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$40.67.

Insider Activity at First National Financial

In other First National Financial news, Director Martine Irman acquired 10,000 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was bought at an average cost of C$36.76 per share, for a total transaction of C$367,638.00. In related news, insider FNSC Holdings Inc. bought 20,539 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was purchased at an average cost of C$38.36 per share, for a total transaction of C$787,876.04. Also, Director Martine Irman bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was bought at an average price of C$36.76 per share, with a total value of C$367,638.00. Over the last 90 days, insiders purchased 71,684 shares of company stock valued at $2,630,974. 71.45% of the stock is currently 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.