First National Financial (TSE:FN) Reaches New 12-Month High – What’s Next?

First National Financial Co. (TSE:FN) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$41.71 and last traded at C$41.47, with a volume of 45785 shares trading hands. The stock had previously closed at C$41.05.

Wall Street Analysts Forecast Growth

Separately, Scotiabank increased their price objective on First National Financial from C$41.00 to C$44.00 in a research note on Wednesday, July 24th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$40.67.

First National Financial Stock Performance

The firm has a market capitalization of C$2.53 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 0.70 and a beta of 1.04. 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 firm has a 50 day moving average price of C$38.67 and a 200-day moving average price of C$37.37.

First National Financial (TSE:FN) last posted its earnings results on Tuesday, July 30th. The company reported C$0.89 EPS for the quarter, missing the consensus estimate of C$0.93 by C($0.04). The business had revenue of C$205.45 million during the quarter, compared to analysts’ expectations of C$227.10 million. First National Financial had a net margin of 32.60% and a return on equity of 30.22%. As a group, sell-side analysts expect that First National Financial Co. will post 4.0243655 earnings per share for the current fiscal year.

First National Financial Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a $0.204 dividend. This represents a $2.45 annualized dividend and a yield of 5.81%. The ex-dividend date is Thursday, October 31st. First National Financial’s dividend payout ratio (DPR) is presently 64.47%.

Insider Activity at First National Financial

In other news, insider FNSC Holdings Inc. acquired 16,565 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were bought at an average price of C$39.24 per share, with a total value of C$650,010.60. 71.45% of the stock is currently owned by corporate 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.