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

First National Financial Co. (TSE:FN)’s stock price passed 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 Upgrades and Downgrades

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

First National Financial Price Performance

The firm has a market capitalization of C$2.26 billion, a P/E ratio of 9.07, 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$38.21 and a 200-day moving average of C$37.86. 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.

First National Financial (TSE:FN) last announced its quarterly earnings data on Tuesday, March 5th. The company reported C$0.72 EPS for the quarter, beating 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 company had revenue of C$199.30 million during the quarter, compared to the consensus estimate of C$164.10 million. On average, sell-side analysts forecast that First National Financial Co. will post 3.8981289 EPS for the current fiscal year.

First National Financial Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.2042 per share. This represents a $2.45 dividend on an annualized basis and a dividend yield of 6.51%. The ex-dividend date of this dividend is Monday, April 29th. This is an increase from First National Financial’s previous monthly dividend of $0.20. First National Financial’s dividend payout ratio is 58.31%.

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.