First National Financial (TSE:FN) Shares Cross Below Two Hundred Day Moving Average of $37.87

Shares of First National Financial Co. (TSE:FN) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$37.87 and traded as low as C$37.14. First National Financial shares last traded at C$37.61, with a volume of 19,878 shares traded.

Analyst Ratings Changes

FN has been the subject of several analyst reports. Scotiabank boosted their target price on First National Financial from C$44.00 to C$45.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 31st. Royal Bank of Canada lifted their price objective on First National Financial from C$42.00 to C$43.00 in a report on Thursday, January 4th. TD Securities lifted their price objective on First National Financial from C$41.00 to C$44.00 and gave the company a “hold” rating in a report on Thursday, March 7th. Finally, BMO Capital Markets cut their price objective on First National Financial from C$44.00 to C$41.00 and set a “market perform” rating on the stock in a report on Thursday, March 7th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$41.83.

First National Financial Price Performance

The company has a debt-to-equity ratio of 6,070.47, a quick ratio of 10.11 and a current ratio of 10.29. The firm has a market capitalization of C$2.26 billion, a price-to-earnings ratio of 9.06, a price-to-earnings-growth ratio of 0.70 and a beta of 1.10. The business has a fifty day moving average of C$38.30 and a two-hundred day moving average of C$37.87.

First National Financial (TSE:FN) last posted its earnings results on Tuesday, March 5th. The company reported C$0.72 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.22 by C$0.50. First National Financial had a return on equity of 35.19% and a net margin of 33.65%. The business had revenue of C$199.30 million for the quarter, compared to analyst estimates of C$164.10 million. As a group, research analysts predict that First National Financial Co. will post 3.8981289 EPS for the current fiscal year.

First National Financial Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th will be issued a $0.2042 dividend. This represents a $2.45 dividend on an annualized basis and a yield of 6.52%. This is a positive change from First National Financial’s previous monthly dividend of $0.20. The ex-dividend date is Monday, April 29th. First National Financial’s dividend payout ratio is currently 58.31%.

About First National Financial

First National Financial Corporation, together with its subsidiaries, originates, underwrites, and services commercial and residential mortgages in Canada. It operates in two segments, Residential and Commercial segments. The company offers single-family and multi-unit residential, and commercial mortgages.