FY2024 EPS Estimates for TSE:FN Decreased by Analyst

First National Financial Co. (TSE:FN) – Analysts at National Bank Financial reduced their FY2024 earnings estimates for First National Financial in a research note issued to investors on Tuesday, October 29th. National Bank Financial analyst J. Gloyn now forecasts that the company will post earnings of $3.16 per share for the year, down from their previous estimate of $3.66. The consensus estimate for First National Financial’s current full-year earnings is $4.02 per share.

First National Financial (TSE:FN) last issued its quarterly earnings data 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). First National Financial had a net margin of 32.60% and a return on equity of 30.22%. The business had revenue of C$205.45 million for the quarter, compared to analysts’ expectations of C$227.10 million.

Several other equities analysts also recently issued reports on FN. Scotiabank upped their price objective on shares of First National Financial from C$41.00 to C$44.00 in a report on Wednesday, July 24th. TD Securities raised their price target on shares of First National Financial from C$42.00 to C$46.00 and gave the stock a “buy” rating in a report on Wednesday. National Bankshares boosted their price objective on shares of First National Financial from C$41.00 to C$42.00 and gave the company a “sector perform” rating in a report on Wednesday. Finally, CIBC raised their target price on First National Financial from C$40.00 to C$44.00 and gave the stock a “neutral” rating in a research note on Wednesday. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$42.67.

First National Financial Trading Down 2.4 %

Shares of TSE:FN opened at C$40.60 on Friday. The business’s 50-day moving average is C$38.75 and its 200 day moving average is C$37.39. 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 has a 1 year low of C$34.54 and a 1 year high of C$42.74. The firm has a market capitalization of C$2.43 billion, a P/E ratio of 10.68, a P/E/G ratio of 0.70 and a beta of 1.04.

First National Financial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a $0.204 dividend. This represents a $2.45 annualized dividend and a yield of 6.03%. The ex-dividend date is Thursday, October 31st. First National Financial’s payout ratio is 64.47%.

Insiders Place Their Bets

In related news, insider FNSC Holdings Inc. purchased 25,774 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was bought at an average cost of C$38.81 per share, with a total value of C$1,000,288.94. 71.45% of the stock is 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.