First National Financial (TSE:FN) Stock Price Expected to Rise, CIBC Analyst Says

First National Financial (TSE:FN) had its price objective hoisted by CIBC from C$40.00 to C$44.00 in a research note released on Wednesday morning, BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

Separately, Scotiabank increased their price target on First National Financial from C$41.00 to C$44.00 in a report on Wednesday, July 24th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$42.67.

First National Financial Price Performance

Shares of TSE FN opened at C$41.29 on Wednesday. The firm has a market capitalization of C$2.48 billion, a P/E ratio of 10.87, a P/E/G ratio of 0.70 and a beta of 1.04. The firm’s 50-day moving average price is C$38.90 and its 200-day moving average price is C$37.44. The company has a current ratio of 8.92, a quick ratio of 10.11 and a debt-to-equity ratio of 6,280.61. First National Financial has a 1-year low of C$35.15 and a 1-year high of C$42.74.

First National Financial Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.708 dividend. The ex-dividend date is Friday, November 29th. This represents a dividend yield of 1.71%. First National Financial’s dividend payout ratio is presently 64.47%.

Insider Activity at First National Financial

In related news, insider FNSC Holdings Inc. bought 16,565 shares of the business’s stock in a transaction that occurred 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 owned by 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.