Brokers Set Expectations for TSE:FN FY2024 Earnings

First National Financial Co. (TSE:FN - Free Report) - Research analysts at National Bank Financial upped their FY2024 EPS estimates for shares of First National Financial in a research report issued on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now expects that the company will post earnings per share of $3.33 for the year, up from their previous estimate of $3.16. The consensus estimate for First National Financial's current full-year earnings is $4.02 per share.

Several other equities research analysts also recently issued reports on FN. TD Securities increased 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 report on Wednesday, October 30th. CIBC upped their target price on shares of First National Financial from C$40.00 to C$44.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Finally, National Bankshares raised their price target on First National Financial from C$41.00 to C$42.00 and gave the company a "sector perform" rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of C$42.67.

First National Financial Stock Performance

Shares of TSE:FN traded down C$0.03 during mid-day trading on Wednesday, reaching C$40.30. The company had a trading volume of 14,455 shares, compared to its average volume of 31,417. The company's 50-day moving average price is C$40.82 and its 200-day moving average price is C$39.84. First National Financial has a one year low of C$35.15 and a one year high of C$45.10. The firm has a market cap of C$2.42 billion, a price-to-earnings ratio of 10.61, a PEG ratio of 0.70 and a beta of 1.04. The company has a current ratio of 8.92, a quick ratio of 10.11 and a debt-to-equity ratio of 6,280.61.

Insider Buying and Selling

In other First National Financial news, insider FNSC Holdings Inc. acquired 105,214 shares of the company's stock in a transaction that occurred on Thursday, November 14th. The shares were bought at an average price of C$42.73 per share, with a total value of C$4,495,794.22. Over the last quarter, insiders have purchased 137,164 shares of company stock worth $5,776,184. 71.45% of the stock is owned by insiders.

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.