First National Financial Corp (TSE:FN) – Investment analysts at National Bank Financial cut their FY2017 earnings estimates for shares of First National Financial in a research report issued on Wednesday. National Bank Financial analyst J. Gloyn now forecasts that the company will post earnings per share of $2.77 for the year, down from their previous forecast of $3.42. National Bank Financial has a “Underperform” rating and a $26.00 price target on the stock.
Separately, TD Securities raised their target price on shares of First National Financial from C$27.00 to C$28.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th.
The company also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 15th will be issued a $0.1542 dividend. This is a positive change from First National Financial’s previous monthly dividend of $0.15. This represents a $1.85 annualized dividend and a yield of 6.54%. The ex-dividend date is Tuesday, January 30th. First National Financial’s dividend payout ratio (DPR) is currently 46.43%.
In other news, Director Stephen Smith bought 7,260 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were purchased at an average cost of C$27.90 per share, with a total value of C$202,554.00.
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First National Financial Company Profile
First National Financial Corporation is a Canada-based parent company of First National Financial LP (FNFLP), which is an originator, underwriter and servicer of prime residential (single-family and multi-unit) and commercial mortgages. The Company operates through two segments: Residential (which includes single-family residential mortgages) and Commercial (which includes multi-unit residential and commercial mortgages).
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