National Bank Financial Raises First National Financial (FN) Price Target to C$30.00

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First National Financial (TSE:FN) had its price target raised by National Bank Financial from C$27.00 to C$30.00 in a report issued on Tuesday, BayStreet.CA reports. They currently have a sector perform rating on the stock. National Bank Financial also issued estimates for First National Financial’s Q1 2019 earnings at $0.53 EPS, Q2 2019 earnings at $0.69 EPS, Q3 2019 earnings at $0.84 EPS, Q3 2019 earnings at $0.83 EPS, Q4 2019 earnings at $0.75 EPS, Q4 2019 earnings at $0.77 EPS, FY2019 earnings at $2.75 EPS, FY2019 earnings at $2.83 EPS, FY2020 earnings at $3.02 EPS and FY2020 earnings at $3.10 EPS.

A number of other analysts have also recently commented on the company. Royal Bank of Canada cut First National Financial from a sector perform rating to an underperform rating in a research report on Tuesday, January 15th. TD Securities upgraded First National Financial from a hold rating to a buy rating and boosted their price objective for the company from C$29.00 to C$32.00 in a research report on Wednesday, February 27th. Finally, BMO Capital Markets restated a market perform rating and issued a C$30.00 price objective on shares of First National Financial in a research report on Wednesday, February 27th.

First National Financial stock opened at C$30.73 on Tuesday. The company has a market capitalization of $1.82 billion and a PE ratio of 12.24. First National Financial has a 12 month low of C$25.38 and a 12 month high of C$32.51. The company has a debt-to-equity ratio of 6,865.68, a current ratio of 10.95 and a quick ratio of 10.76.

First National Financial (TSE:FN) last posted its quarterly earnings data on Monday, February 25th. The company reported C$0.53 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.70 by C($0.17). The firm had revenue of C$312.04 million during the quarter. As a group, equities analysts predict that First National Financial will post 3.05999997369917 EPS for the current fiscal year.

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th will be given a dividend of $0.1583 per share. This represents a $1.90 annualized dividend and a dividend yield of 6.18%. This is a boost from First National Financial’s previous monthly dividend of $0.16. The ex-dividend date of this dividend is Monday, April 29th. First National Financial’s payout ratio is presently 74.04%.

In other news, insider FNSC Holdings Inc. purchased 11,669 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The stock was purchased at an average cost of C$32.15 per share, for a total transaction of C$375,158.35. Following the completion of the transaction, the insider now owns 6,955,784 shares of the company’s stock, valued at C$223,628,455.60.

First National Financial Company Profile

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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