First National Financial Co. (TSE:FN) Given Consensus Recommendation of “Hold” by Brokerages

Shares of First National Financial Co. (TSE:FN) have been assigned an average rating of “Hold” from the six ratings firms that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$42.67.

Several analysts recently weighed in on FN shares. TD Securities upped their price objective on First National Financial from C$42.00 to C$46.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. CIBC increased 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 report on Wednesday, October 30th. Finally, National Bankshares raised 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.

First National Financial Stock Down 1.4 %

TSE FN opened at C$40.46 on Thursday. The business has a fifty day moving average price of C$41.88 and a two-hundred day moving average price of C$38.72. The stock has a market capitalization of C$2.43 billion, a PE ratio of 10.65, a PEG ratio of 0.70 and a beta of 1.04. First National Financial has a fifty-two week low of C$35.15 and a fifty-two week high of C$45.10. 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.

First National Financial Announces Dividend

The company also recently declared an annual dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a dividend of $0.708 per share. This represents a dividend yield of 1.71%. The ex-dividend date of this dividend was Friday, November 29th. First National Financial’s payout ratio is 64.47%.

Insider Activity

In related news, insider FNSC Holdings Inc. bought 105,214 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was acquired at an average cost of C$42.73 per share, with a total value of C$4,495,794.22. 71.45% of the stock is currently owned by insiders.

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.