First National Financial Co. (TSE:FN) Announces $0.71 Annual Dividend

First National Financial Co. (TSE:FN) announced an annual dividend on Tuesday, October 29th,Zacks Dividends reports. Investors of record on Friday, November 29th will be given a dividend of 0.708 per share on Friday, December 13th. This represents a dividend yield of 1.71%. The ex-dividend date is Friday, November 29th.

First National Financial Price Performance

First National Financial stock opened at C$44.65 on Thursday. First National Financial has a 1 year low of C$35.15 and a 1 year high of C$45.10. 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 50 day moving average price of C$40.82 and a 200 day moving average price of C$38.12. The company has a market cap of C$2.68 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 0.70 and a beta of 1.04.

Insider Buying and Selling

In other news, insider FNSC Holdings Inc. acquired 25,774 shares of the business’s stock in a transaction on Monday, October 7th. The shares were purchased at an average price of C$38.81 per share, for a total transaction of C$1,000,288.94. In the last three months, insiders acquired 147,553 shares of company stock valued at $6,146,094. Company insiders own 71.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FN. CIBC boosted their price objective on shares of First National Financial from C$40.00 to C$44.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. National Bankshares boosted their price target on First National Financial from C$41.00 to C$42.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Finally, TD Securities raised their price objective on First National Financial from C$42.00 to C$46.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$42.67.

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.