First National Financial (TSE:FN) Sets New 52-Week High - Here's What Happened

First National Financial Co. (TSE:FN - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$42.88 and last traded at C$42.82, with a volume of 432 shares changing hands. The stock had previously closed at C$42.59.

Analysts Set New Price Targets

FN has been the topic of several research analyst reports. National Bankshares boosted their target price on First National Financial from C$41.00 to C$42.00 and gave the stock a "sector perform" rating in a research note on Wednesday, October 30th. Scotiabank boosted their target price on First National Financial from C$41.00 to C$44.00 in a research note on Wednesday, July 24th. TD Securities boosted their target price on 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, CIBC boosted their target price on First National Financial from C$40.00 to C$44.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, First National Financial currently has an average rating of "Hold" and an average target price of C$42.67.

First National Financial Stock Up 1.5 %

The company has a quick ratio of 10.11, a current ratio of 8.92 and a debt-to-equity ratio of 6,280.61. The business has a 50-day moving average price of C$39.41 and a 200-day moving average price of C$37.63. The firm has a market capitalization of C$2.59 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 0.70 and a beta of 1.04.

First National Financial Announces Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.708 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a yield of 1.71%. First National Financial's payout ratio is 64.47%.

Insider Buying and Selling

In other First National Financial news, insider FNSC Holdings Inc. acquired 25,774 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was bought at an average cost of C$38.81 per share, for a total transaction of C$1,000,288.94. 71.45% of the stock is currently owned by company insiders.

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.