First National Financial (TSE:FN) Sets New 1-Year High - Here's What Happened

First National Financial Co. (TSE:FN - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as C$41.71 and last traded at C$41.47, with a volume of 45785 shares traded. The stock had previously closed at C$41.05.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FN. CIBC raised their target price on shares of First National Financial from C$40.00 to C$44.00 and gave the company a "neutral" rating in a research note on Wednesday. National Bankshares upped their price target on shares of First National Financial from C$41.00 to C$42.00 and gave the company a "sector perform" rating in a research report on Wednesday. Scotiabank increased their target price on shares of First National Financial from C$41.00 to C$44.00 in a report on Wednesday, July 24th. Finally, TD Securities boosted their price target on shares of First National Financial from C$42.00 to C$46.00 and gave the stock a "buy" rating in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, First National Financial currently has an average rating of "Hold" and an average price target of C$42.67.

First National Financial Stock Performance

The company has a quick ratio of 10.11, a current ratio of 8.92 and a debt-to-equity ratio of 6,280.61. The stock has a 50-day moving average of C$38.67 and a 200 day moving average of C$37.37. The stock has a market cap of C$2.49 billion, a PE ratio of 10.94, a P/E/G ratio of 0.70 and a beta of 1.04.

First National Financial (TSE:FN - Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The company reported C$0.89 EPS for the quarter, missing the consensus estimate of C$0.93 by C($0.04). First National Financial had a return on equity of 30.22% and a net margin of 32.60%. The company had revenue of C$205.45 million during the quarter, compared to analyst estimates of C$227.10 million. Equities analysts predict that First National Financial Co. will post 4.0243655 EPS for the current fiscal year.

First National Financial Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.204 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $2.45 dividend on an annualized basis and a yield of 5.89%. First National Financial's payout ratio is currently 64.47%.

Insider Activity at First National Financial

In other First National Financial news, insider FNSC Holdings Inc. acquired 16,565 shares of the company's stock in a transaction that occurred on Thursday, September 19th. The shares were purchased at an average price of C$39.24 per share, with a total value of C$650,010.60. Insiders own 71.45% of the company's stock.

First National Financial Company Profile

First National Financial Corporation, together with its subsidiaries, originates, underwrites, and services commercial and residential mortgages in Canada. It operates in two segments, Residential and Commercial segments. The company offers single-family and multi-unit residential, and commercial mortgages.