First National Financial (TSE:FN) Hits New 52-Week High – Here’s What Happened

First National Financial Co. (TSE:FN) shares hit a new 52-week high during trading on Monday . The company traded as high as C$42.88 and last traded at C$42.82, with a volume of 432 shares trading hands. The stock had previously closed at C$42.59.

Analyst Ratings Changes

A number of analysts recently weighed in on FN shares. National Bankshares increased their price objective on shares of First National Financial from C$41.00 to C$42.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. CIBC upped their target price on First National Financial from C$40.00 to C$44.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Scotiabank raised their price objective on First National Financial from C$41.00 to C$44.00 in a research report on Wednesday, July 24th. Finally, TD Securities raised their target price on First National Financial from C$42.00 to C$46.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$42.67.

First National Financial Stock Up 0.2 %

The firm has a market cap of C$2.60 billion, a P/E ratio of 11.39, a PEG ratio of 0.70 and a beta of 1.04. The stock’s 50-day simple moving average is C$39.53 and its 200 day simple moving average is C$37.66. The company has a quick ratio of 10.11, a current ratio of 8.92 and a debt-to-equity ratio of 6,280.61.

First National Financial Announces Dividend

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

Insider Buying and Selling

In other First National Financial news, insider FNSC Holdings Inc. bought 16,565 shares of First National Financial 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 company 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.