First National Financial (FN) Upgraded to Sector Perform by Royal Bank of Canada

First National Financial (TSE:FN) was upgraded by Royal Bank of Canada from an “underperform” rating to a “sector perform” rating in a note issued to investors on Monday. The brokerage currently has a C$28.00 price objective on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 5.66% from the company’s current price.

FN has been the subject of several other research reports. National Bank Financial lifted their price objective on First National Financial from C$25.00 to C$26.00 and gave the company an “underperform” rating in a research note on Thursday, February 1st. BMO Capital Markets reiterated a “market perform” rating and issued a C$26.00 price objective on shares of First National Financial in a research note on Tuesday, April 10th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of C$26.57.

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Shares of FN traded up C$0.48 during midday trading on Monday, hitting C$26.50. The company had a trading volume of 19,292 shares, compared to its average volume of 20,272. First National Financial has a 1 year low of C$22.18 and a 1 year high of C$29.99.

First National Financial (TSE:FN) last announced its quarterly earnings data on Tuesday, February 27th. The company reported C$0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.74 by C$0.01. The business had revenue of C$270.02 million during the quarter, compared to analysts’ expectations of C$129.30 million. First National Financial had a return on equity of 38.00% and a net margin of 17.02%.

In other First National Financial news, Director Moray Tawse bought 20,000 shares of the business’s stock in a transaction dated Monday, March 5th. The shares were acquired at an average price of C$14.75 per share, with a total value of C$295,000.00. Also, Director Stephen Smith bought 1,915 shares of the business’s stock in a transaction dated Friday, April 13th. The shares were acquired at an average cost of C$26.35 per share, for a total transaction of C$50,460.25. Insiders have bought a total of 34,839 shares of company stock worth $671,875 in the last three months.

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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, as well as engages in the mortgage broker distribution channel operations.

Analyst Recommendations for First National Financial (TSE:FN)

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