First National Financial Co. (TSE:FN) to Issue $0.20 Monthly Dividend

First National Financial Co. (TSE:FN) declared a monthly dividend on Monday, July 15th, Zacks reports. Shareholders of record on Wednesday, July 31st will be given a dividend of 0.204 per share on Thursday, August 15th. This represents a $2.45 dividend on an annualized basis and a yield of 6.41%. The ex-dividend date of this dividend is Wednesday, July 31st.

First National Financial Trading Down 0.6 %

First National Financial stock opened at C$38.21 on Tuesday. The company has a quick ratio of 10.11, a current ratio of 16.25 and a debt-to-equity ratio of 5,813.50. The firm has a 50-day moving average price of C$36.33 and a two-hundred day moving average price of C$37.62. The firm has a market capitalization of C$2.29 billion, a price-to-earnings ratio of 8.70, a PEG ratio of 0.70 and a beta of 1.06. First National Financial has a 52-week low of C$32.86 and a 52-week high of C$41.80.

First National Financial (TSE:FN) last posted its earnings results on Tuesday, April 30th. The company reported C$0.82 earnings per share (EPS) for the quarter. First National Financial had a net margin of 34.57% and a return on equity of 36.66%. The firm had revenue of C$518.05 million during the quarter. Sell-side analysts expect that First National Financial will post 3.734359 earnings per share for the current year.

Insider Buying and Selling

In other First National Financial news, insider FNSC Holdings Inc. bought 41,145 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The shares were acquired at an average cost of C$35.86 per share, for a total transaction of C$1,475,459.70. In other news, insider FNSC Holdings Inc. purchased 41,145 shares of the business’s stock in a transaction dated Wednesday, July 10th. The shares were acquired at an average price of C$35.86 per share, for a total transaction of C$1,475,459.70. Also, Director Martine Irman purchased 10,000 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were purchased at an average price of C$36.76 per share, for a total transaction of C$367,638.00. Insiders have acquired 71,684 shares of company stock worth $2,630,974 in the last ninety days. 71.45% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

FN has been the topic of a number of recent analyst reports. Royal Bank of Canada dropped their price target on shares of First National Financial from C$43.00 to C$41.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 1st. TD Securities dropped their price target on shares of First National Financial from C$44.00 to C$42.00 in a research report on Thursday, May 2nd. BMO Capital Markets dropped their price target on shares of First National Financial from C$41.00 to C$39.00 in a research report on Thursday, May 2nd. Finally, Scotiabank boosted their price target on shares of First National Financial from C$41.00 to C$44.00 in a research report on Wednesday, July 24th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, First National Financial presently has a consensus rating of “Hold” and an average price target of C$40.67.

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.