TD Securities Increases First National Financial (TSE:FN) Price Target to C$37.00

First National Financial (TSE:FN) had its target price lifted by TD Securities from C$33.00 to C$37.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the company. Royal Bank of Canada lifted their price objective on First National Financial from C$31.00 to C$33.00 and gave the stock a sector perform rating in a report on Tuesday, July 28th. National Bank Financial lifted their price objective on First National Financial from C$29.00 to C$33.00 and gave the stock a sector perform rating in a report on Tuesday, July 28th.

Shares of First National Financial stock opened at C$34.51 on Wednesday. First National Financial has a 1 year low of C$18.75 and a 1 year high of C$44.95. The firm has a market cap of $2.07 billion and a PE ratio of 13.94. The stock has a fifty day moving average price of C$29.13 and a 200-day moving average price of C$30.92. The company has a debt-to-equity ratio of 7,645.71, a current ratio of 9.06 and a quick ratio of 8.86.

First National Financial (TSE:FN) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C($0.05) earnings per share for the quarter. The company had revenue of C$274.65 million during the quarter. As a group, equities analysts anticipate that First National Financial will post 3.2399998 EPS for the current fiscal year.

The business also recently announced a monthly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, August 14th will be paid a $0.1625 dividend. The ex-dividend date is Thursday, July 30th. This represents a $1.95 annualized dividend and a yield of 5.65%. This is an increase from First National Financial’s previous monthly dividend of $0.16. First National Financial’s dividend payout ratio (DPR) is currently 78.11%.

In other First National Financial news, insider FNSC Holdings Inc. purchased 3,692 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was purchased at an average price of C$27.10 per share, for a total transaction of C$100,053.20. Following the transaction, the insider now owns 7,307,319 shares in the company, valued at approximately C$198,028,344.90. Also, Director Stephen Smith purchased 10,163 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were acquired at an average price of C$29.53 per share, with a total value of C$300,113.39. Following the transaction, the director now owns 7,343,649 shares in the company, valued at approximately C$216,857,954.97. In the last 90 days, insiders acquired 30,793 shares of company stock valued at $900,346.

About First National Financial

First National Financial Corporation, through its subsidiaries, originates, underwrites, and services residential and commercial mortgages in Canada. It offers single family residential, and multi-unit residential and commercial mortgages. The company provides its services through mortgage broker distribution channel, as well as through online.

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