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

First National Financial Co. (TSE:FN - Get Free Report) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$40.57 and traded as low as C$38.23. First National Financial shares last traded at C$38.87, with a volume of 31,809 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have commented on FN. Scotiabank raised their price objective on First National Financial from C$44.00 to C$45.00 and gave the stock a "sector perform" rating in a report on Thursday, March 6th. TD Securities cut their price target on First National Financial from C$46.00 to C$45.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. Finally, BMO Capital Markets upped 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 investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, First National Financial has a consensus rating of "Hold" and an average price target of C$43.17.

First National Financial Price Performance

The stock's fifty day simple moving average is C$40.02 and its 200-day simple moving average is C$40.58. The firm has a market cap of C$2.24 billion, a PE ratio of 12.11, a PEG ratio of 0.70 and a beta of 1.04.

Insider Activity

In other First National Financial news, insider FNSC Holdings Inc. bought 24,796 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The stock was bought at an average cost of C$40.34 per share, for a total transaction of C$1,000,270.64. Corporate insiders own 71.45% of the company's stock.

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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.