First National Financial (TSE:FN) Sets New 12-Month High – Here’s What Happened

First National Financial Co. (TSE:FN)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as C$44.95 and last traded at C$44.79, with a volume of 5575 shares changing hands. The stock had previously closed at C$44.53.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. CIBC boosted their price objective on First National Financial from C$40.00 to C$44.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. TD Securities lifted 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 research note on Wednesday, October 30th. Finally, National Bankshares increased 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 research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$42.67.

First National Financial Stock Up 0.8 %

The firm’s 50-day simple moving average is C$40.54 and its 200 day simple moving average is C$38.00. The company has a debt-to-equity ratio of 6,280.61, a quick ratio of 10.11 and a current ratio of 8.92. The company has a market cap of C$2.69 billion, a P/E ratio of 11.72, a PEG ratio of 0.70 and a beta of 1.04.

First National Financial Announces Dividend

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

Insiders Place Their Bets

In other news, insider FNSC Holdings Inc. bought 105,214 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were purchased at an average price of C$42.73 per share, for a total transaction of C$4,495,794.22. Over the last ninety days, insiders have acquired 147,553 shares of company stock worth $6,146,094. Corporate insiders own 71.45% of the company’s stock.

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.