First National Financial (TSE:FN) Sets New 1-Year High – Here’s What Happened

First National Financial Co. (TSE:FN)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as C$44.95 and last traded at C$44.79, with a volume of 5575 shares. The stock had previously closed at C$44.53.

Analysts Set New Price Targets

A number of analysts recently issued reports on FN shares. CIBC increased their price target on shares of First National Financial from C$40.00 to C$44.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. TD Securities increased their target price on shares of First National Financial from C$42.00 to C$46.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, National Bankshares lifted their price target on First National Financial from C$41.00 to C$42.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, First National Financial presently has an average rating of “Hold” and an average price target of C$42.67.

First National Financial Trading Up 0.5 %

The company has a current ratio of 8.92, a quick ratio of 10.11 and a debt-to-equity ratio of 6,280.61. The company has a fifty day moving average price of C$40.82 and a two-hundred day moving average price of C$38.12. The firm has a market capitalization of C$2.68 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 0.70 and a beta of 1.04.

First National Financial Dividend Announcement

The company also recently announced an annual dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.708 per share. This represents a yield of 1.71%. The ex-dividend date is Friday, November 29th. First National Financial’s dividend payout ratio (DPR) is presently 64.47%.

Insider Activity

In other First National Financial news, insider FNSC Holdings Inc. acquired 25,774 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was purchased at an average cost of C$38.81 per share, with a total value of C$1,000,288.94. Insiders bought a total of 147,553 shares of company stock valued at $6,146,094 in the last 90 days. Company insiders own 71.45% of the company’s stock.

First National Financial Company Profile

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.