First National Financial (TSE:FN) Stock Passes Below 200-Day Moving Average - Here's Why

First National Financial Co. (TSE:FN - Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$40.39 and traded as low as C$38.86. First National Financial shares last traded at C$38.92, with a volume of 35,802 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. TD Securities dropped their price objective on shares of First National Financial from C$46.00 to C$45.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. Scotiabank lifted their price objective on shares of First National Financial from C$44.00 to C$45.00 and gave the stock a "sector perform" rating in a research note on Thursday, March 6th. Finally, BMO Capital Markets lifted their price objective on shares of First National Financial from C$41.00 to C$42.00 in a research note on Thursday, March 6th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, First National Financial currently has an average rating of "Hold" and a consensus target price of C$43.17.

First National Financial Trading Up 0.6 %

The firm's fifty day moving average price is C$40.34 and its 200 day moving average price is C$40.41. The firm has a market capitalization of C$2.37 billion, a PE ratio of 12.83, a P/E/G ratio of 0.70 and a beta of 1.04.

Insider Buying and Selling

In related news, insider FNSC Holdings Inc. acquired 6,412 shares of First National Financial stock in a transaction on Tuesday, January 14th. The stock was bought at an average cost of C$39.00 per share, for a total transaction of C$250,068.00. Over the last three months, insiders have bought 31,950 shares of company stock valued at $1,280,390. Corporate insiders own 71.45% of the company's stock.

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About First National Financial

First National Financial Corp is the parent company of First National Financial LP, a Canadian originator, underwriter, and servicer of predominantly prime residential and commercial mortgages. The company controls its First National Mortgage Investment Fund, which manages economic exposure to a diversified portfolio of primarily commercial mezzanine mortgages.