First National Financial (FN) Hits New 1-Year Low at $25.89

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Shares of First National Financial Corp (TSE:FN) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$25.89 and last traded at C$25.89, with a volume of 9319 shares changing hands. The stock had previously closed at C$26.08.

FN has been the subject of a number of research analyst reports. TD Securities increased their target price on First National Financial from C$29.00 to C$30.00 and gave the company a “hold” rating in a report on Thursday, July 26th. National Bank Financial increased their target price on First National Financial from C$27.00 to C$28.00 and gave the company a “c$29.19” rating in a report on Monday, July 23rd. Four research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus target price of C$28.30.

The business also recently declared a monthly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 15th will be paid a $0.1542 dividend. The ex-dividend date of this dividend is Tuesday, October 30th. This is an increase from First National Financial’s previous monthly dividend of $0.15. This represents a $1.85 dividend on an annualized basis and a dividend yield of 7.16%.

In related news, Director Stephen Smith purchased 18,570 shares of the company’s stock in a transaction dated Wednesday, August 15th. The shares were acquired at an average cost of C$29.62 per share, with a total value of C$550,043.40. Also, Director Moray Tawse purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, August 29th. The stock was bought at an average cost of C$14.05 per share, for a total transaction of C$28,100.00. Insiders bought 28,620 shares of company stock worth $690,306 over the last ninety days.

First National Financial Company Profile (TSE:FN)

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.

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