TSE:FN FY2024 EPS Forecast Cut by National Bank Financial

First National Financial Co. (TSE:FN - Free Report) - Analysts at National Bank Financial decreased their FY2024 earnings estimates for shares of First National Financial in a research note issued on Tuesday, October 29th. National Bank Financial analyst J. Gloyn now forecasts that the company will post earnings per share of $3.16 for the year, down from their prior forecast of $3.66. The consensus estimate for First National Financial's current full-year earnings is $4.02 per share.

First National Financial (TSE:FN - Get Free Report) last posted its earnings results on Tuesday, July 30th. The company reported C$0.89 earnings per share for the quarter, missing the consensus estimate of C$0.93 by C($0.04). First National Financial had a net margin of 32.60% and a return on equity of 30.22%. The business had revenue of C$205.45 million for the quarter, compared to analysts' expectations of C$227.10 million.

A number of other brokerages also recently commented on FN. Scotiabank lifted their price target on shares of First National Financial from C$41.00 to C$44.00 in a report on Wednesday, July 24th. National Bankshares lifted their price target on shares of First National Financial from C$41.00 to C$42.00 and gave the stock a "sector perform" rating in a report on Wednesday. CIBC lifted their price target 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. Finally, TD Securities raised their target price on shares of First National Financial from C$42.00 to C$46.00 and gave the stock a "buy" rating in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of C$42.67.

First National Financial Price Performance

TSE:FN traded up C$0.69 during mid-day trading on Friday, hitting C$41.29. 25,972 shares of the company's stock traded hands, compared to its average volume of 30,631. The company has a debt-to-equity ratio of 6,280.61, a quick ratio of 10.11 and a current ratio of 8.92. The firm's 50 day simple moving average is C$38.82 and its 200 day simple moving average is C$37.42. First National Financial has a 1 year low of C$35.15 and a 1 year high of C$42.74. The company has a market cap of C$2.48 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 0.70 and a beta of 1.04.

First National Financial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.204 per share. The ex-dividend date is Thursday, October 31st. This represents a $2.45 dividend on an annualized basis and a dividend yield of 5.93%. First National Financial's payout ratio is currently 64.47%.

Insider Buying and Selling

In related news, insider FNSC Holdings Inc. purchased 25,774 shares of the company's stock in a transaction that occurred on Monday, October 7th. The stock was acquired at an average price of C$38.81 per share, for a total transaction of C$1,000,288.94. Insiders own 71.45% of the company's stock.

About First National Financial

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.