First National Financial (TSE:FN) Stock Passes Below 200 Day Moving Average - Should You Sell?

First National Financial Co. (TSE:FN - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$40.53 and traded as low as C$35.50. First National Financial shares last traded at C$38.25, with a volume of 75,081 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. TD Securities cut their target price on First National Financial from C$46.00 to C$45.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. BMO Capital Markets raised 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. Finally, Scotiabank lifted their price objective on shares of First National Financial from C$44.00 to C$45.00 and gave the company a "sector perform" rating in a report on Thursday, March 6th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of C$43.17.

First National Financial Trading Up 0.6 %

The stock has a market capitalization of C$2.34 billion, a PE ratio of 12.70, a P/E/G ratio of 0.70 and a beta of 1.04. The stock's fifty day simple moving average is C$39.48 and its 200-day simple moving average is C$40.50.

Insider Buying and Selling

In other First National Financial news, insider FNSC Holdings Inc. acquired 24,796 shares of First National Financial stock in a transaction on Wednesday, February 5th. The stock was purchased at an average price of C$40.34 per share, for a total transaction of C$1,000,270.64. 71.45% of the stock is owned by corporate insiders.

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First National Financial Company Profile

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.