First National Financial (TSE:FN) Stock Passes Below 200-Day Moving Average - What's Next?

First National Financial Co. (TSE:FN - Get Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$40.49 and traded as low as C$39.69. First National Financial shares last traded at C$40.00, with a volume of 11,030 shares changing hands.

Wall Street Analyst Weigh In

FN has been the subject of a number of research analyst reports. TD Securities reduced their target price on First National Financial from C$46.00 to C$45.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Scotiabank boosted their target price on shares of First National Financial from C$44.00 to C$45.00 and gave the company a "sector perform" rating in a research note on Thursday, March 6th. Finally, BMO Capital Markets raised their price target on 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 company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of C$43.17.

First National Financial Price Performance

The company's 50-day simple moving average is C$40.33 and its two-hundred day simple moving average is C$40.53. The firm has a market capitalization of C$2.33 billion, a P/E ratio of 12.64, a P/E/G ratio of 0.70 and a beta of 1.04.

Insider Activity at First National Financial

In other news, insider FNSC Holdings Inc. acquired 24,796 shares of the firm's stock in a transaction dated Wednesday, February 5th. The shares were purchased at an average cost of C$40.34 per share, for a total transaction of C$1,000,270.64. 71.45% of the stock is owned by company insiders.

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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.