Financial

First National Financial (TSE:FN) Price Target Increased to C$53.00 by Analysts at Royal Bank of Canada

First National Financial Co. logoFirst National Financial (TSE:FN) had its price objective lifted by Royal Bank of Canada from C$50.00 to C$53.00 in a research report released on Wednesday, Price Targets.com reports. They currently have a sector perform rating on the stock.

FN has been the topic of a number of other research reports. TD Securities increased their price target on First National Financial from C$48.00 to C$49.00 and gave the company a hold rating in a research note on Tuesday, April 27th. Scotiabank increased their price target on First National Financial from C$50.00 to C$51.00 in a research note on Tuesday, April 27th. National Bank Financial increased their price target on First National Financial from C$46.00 to C$50.00 and gave the company a sector perform rating in a research note on Wednesday, March 3rd. Finally, BMO Capital Markets increased their price objective on First National Financial from C$52.00 to C$53.00 and gave the stock an underperform rating in a research report on Wednesday, April 14th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of C$53.33.

Shares of FN opened at C$51.56 on Wednesday. The company has a debt-to-equity ratio of 6,775.80, a quick ratio of 11.10 and a current ratio of 11.33. The stock has a 50 day simple moving average of C$50.16 and a 200 day simple moving average of C$43.22. First National Financial has a 52-week low of C$26.11 and a 52-week high of C$53.25. The firm has a market capitalization of C$3.09 billion and a PE ratio of 16.50.

First National Financial (TSE:FN) last released its quarterly earnings data on Tuesday, March 2nd. The company reported C$1.13 EPS for the quarter. The company had revenue of C$387.30 million during the quarter. Equities research analysts predict that First National Financial will post 4.2300001 EPS for the current fiscal year.

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 15th. Investors of record on Monday, May 31st will be given a $0.196 dividend. The ex-dividend date is Friday, May 28th. This represents a $2.35 dividend on an annualized basis and a dividend yield of 4.56%. This is a boost from First National Financial’s previous monthly dividend of $0.18. First National Financial’s dividend payout ratio (DPR) is presently 64.40%.

In related news, insider FNSC Holdings Inc. purchased 1,021 shares of the firm’s stock in a transaction that occurred on Wednesday, April 7th. The shares were bought at an average price of C$50.06 per share, for a total transaction of C$51,111.26. Following the completion of the transaction, the insider now owns 7,530,658 shares of the company’s stock, valued at C$376,984,739.48.

First National Financial Company Profile

First National Financial Corporation, through its subsidiaries, originates, underwrites, and services residential and commercial mortgages in Canada. The company offers single family residential, and multi-unit residential and commercial mortgages. It provides its services through mortgage broker distribution channel, as well as through online.

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Analyst Recommendations for First National Financial (TSE:FN)

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The business also recently declared a monthly dividend, which will be paid on Tuesday, June 15th. Investors of record on Monday, May 31st will be given a $0.196 dividend. The ex-dividend date is Friday, May 28th. This represents a $2.35 dividend on an annualized basis and a dividend yield of 4.56%. This is a boost from First National Financial’s previous monthly dividend of $0.18. First National Financial’s dividend payout ratio (DPR) is presently 64.40%.

Source: https://www.dispatchtribunal.com/2021/05/02/first-national-financial-tsefn-price-target-increased-to-c53-00-by-analysts-at-royal-bank-of-canada.html

Donovan Larsen

Donovan is a columnist and associate editor at the Dark News. He has written on everything from the politics to diversity issues in the workplace.

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