First National Financial (TSE:FN) Sets New 52-Week High – Should You Buy?

First National Financial Co. (TSE:FN) hit a new 52-week high during trading on Monday . The stock traded as high as C$44.95 and last traded at C$44.79, with a volume of 5575 shares. The stock had previously closed at C$44.53.

Analysts Set New Price Targets

A number of research firms recently weighed in on FN. TD Securities increased their price target on First National Financial from C$42.00 to C$46.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. CIBC raised their target price on shares of First National Financial from C$40.00 to C$44.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, National Bankshares upped their price target on shares of First National Financial from C$41.00 to C$42.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$42.67.

First National Financial Trading Up 0.8 %

The company has a debt-to-equity ratio of 6,280.61, a current ratio of 8.92 and a quick ratio of 10.11. The business’s 50-day moving average is C$40.54 and its 200 day moving average is C$38.00. The firm has a market capitalization of C$2.69 billion, a P/E ratio of 11.72, a price-to-earnings-growth ratio of 0.70 and a beta of 1.04.

First National Financial Dividend Announcement

The business also recently disclosed an annual dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.708 per share. The ex-dividend date is Friday, November 29th. This represents a yield of 1.71%. First National Financial’s dividend payout ratio (DPR) is presently 64.47%.

Insider Activity

In other First National Financial news, insider FNSC Holdings Inc. acquired 105,214 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was acquired at an average cost of C$42.73 per share, for a total transaction of C$4,495,794.22. In the last three months, insiders purchased 147,553 shares of company stock worth $6,146,094. 71.45% of the stock is currently owned by company 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.