Insider Buying: First National Financial Co. (TSE:FN) Director Purchases 10,000 Shares of Stock

First National Financial Co. (TSE:FN - Get Free Report) Director Martine Irman purchased 10,000 shares of the stock in a transaction dated Monday, May 6th. The shares were bought at an average cost of C$36.76 per share, for a total transaction of C$367,638.00.

First National Financial Price Performance

Shares of TSE:FN opened at C$36.71 on Tuesday. First National Financial Co. has a one year low of C$32.86 and a one year high of C$41.80. The stock has a market cap of C$2.20 billion, a PE ratio of 8.85, a price-to-earnings-growth ratio of 0.70 and a beta of 1.06. The business's fifty day moving average price is C$37.58 and its two-hundred day moving average price is C$38.08. 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 - Get Free Report) last posted its quarterly earnings data on Tuesday, March 5th. The company reported C$0.72 EPS for the quarter, topping analysts' consensus estimates of C$0.22 by C$0.50. The firm had revenue of C$199.30 million during the quarter, compared to analysts' expectations of C$164.10 million. First National Financial had a return on equity of 35.19% and a net margin of 33.65%. On average, analysts forecast that First National Financial Co. will post 3.9252815 EPS for the current fiscal year.

First National Financial Increases Dividend


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The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.2042 per share. This is an increase from First National Financial's previous monthly dividend of $0.20. The ex-dividend date of this dividend is Monday, April 29th. This represents a $2.45 annualized dividend and a dividend yield of 6.68%. First National Financial's dividend payout ratio is presently 59.04%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Royal Bank of Canada decreased their price objective 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 report on Wednesday, May 1st. TD Securities lowered their price target on First National Financial from C$44.00 to C$42.00 in a report on Thursday, May 2nd. Scotiabank decreased their target price on First National Financial from C$45.00 to C$41.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 1st. Finally, BMO Capital Markets dropped their price target on First National Financial from C$41.00 to C$39.00 in a research report on Thursday, May 2nd. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of C$40.17.

View Our Latest Analysis on First National Financial

About First National Financial

(Get Free Report)

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.

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