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

First National Financial Co. (TSE:FNGet Rating) announced a monthly dividend on Monday, August 15th, Zacks reports. Investors of record on Wednesday, August 31st will be given a dividend of 0.196 per share on Thursday, September 15th. This represents a $2.35 annualized dividend and a yield of 6.13%. The ex-dividend date is Tuesday, August 30th.

First National Financial Price Performance

TSE FN traded down C$0.21 during midday trading on Wednesday, hitting C$38.38. The company had a trading volume of 12,274 shares, compared to its average volume of 56,435. The company has a market capitalization of C$2.30 billion and a PE ratio of 11.49. The company has a current ratio of 8.24, a quick ratio of 8.03 and a debt-to-equity ratio of 5,933.00. The firm has a 50-day moving average price of C$35.77 and a 200-day moving average price of C$38.32. First National Financial has a twelve month low of C$32.12 and a twelve month high of C$47.43.

First National Financial (TSE:FNGet Rating) last issued its quarterly earnings data on Tuesday, July 26th. The company reported C$1.01 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.82 by C$0.19. The firm had revenue of C$251.91 million for the quarter, compared to the consensus estimate of C$199.30 million. As a group, analysts anticipate that First National Financial will post 3.1600003 earnings per share for the current fiscal year.

Analyst Ratings Changes

FN has been the topic of a number of research reports. CIBC dropped their price target on First National Financial from C$43.00 to C$36.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 5th. BMO Capital Markets lowered their price objective on First National Financial from C$38.00 to C$36.00 in a research note on Thursday, July 28th. National Bankshares lowered their price objective on First National Financial from C$36.00 to C$35.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 27th. Scotiabank lowered their price objective on First National Financial from C$38.00 to C$37.00 in a research note on Thursday, July 28th. Finally, Royal Bank of Canada lowered their price objective on First National Financial from C$43.00 to C$41.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 27th. Six analysts have rated the stock with a hold rating, According to MarketBeat.com, First National Financial presently has an average rating of “Hold” and an average price target of C$39.14.

Insider Buying and Selling at First National Financial

In other First National Financial news, insider FNSC Holdings Inc. bought 3,036 shares of the business’s stock in a transaction that occurred on Wednesday, June 29th. The shares were bought at an average cost of C$32.95 per share, with a total value of C$100,036.20. Following the completion of the purchase, the insider now directly owns 7,745,526 shares of the company’s stock, valued at C$255,215,081.70.

First National Financial Company Profile

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

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Dividend History for First National Financial (TSE:FN)

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