First American Financial Corp. Declares Quarterly Dividend of $0.24 (FAF)
First American Financial Corp. (NYSE:FAF) announced a quarterly dividend on Tuesday, August 19th, AmericanBankingNews.com reports. Shareholders of record on Monday, September 8th will be paid a dividend of 0.24 per share on Monday, September 15th. This represents a $0.96 annualized dividend and a dividend yield of 3.37%.
On a related note, analysts at SunTrust initiated coverage on shares of First American Financial Corp. in a research note on Monday, July 21st. They set a “buy” rating and a $35.00 price target on the stock. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $32.00.
Shares of First American Financial Corp. (NYSE:FAF) traded up 0.74% on Tuesday, hitting $28.48. The stock had a trading volume of 320,912 shares. First American Financial Corp. has a 52-week low of $20.85 and a 52-week high of $28.92. The stock’s 50-day moving average is $27.70 and its 200-day moving average is $27.14. The company has a market cap of $3.050 billion and a P/E ratio of 16.22.
First American Financial Corp. (NYSE:FAF) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.47 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.52 by $0.05. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the company posted $0.31 earnings per share. The company’s quarterly revenue was down 10.7% on a year-over-year basis. On average, analysts predict that First American Financial Corp. will post $1.86 earnings per share for the current fiscal year.
First American Financial Corporation, through its subsidiaries, is engaged in the business of providing financial services through its title insurance and services segment and its specialty insurance segment.
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