First National Financial Corp (FN) Insider FNSC Holdings Inc. Buys 1,700 Shares

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First National Financial Corp (TSE:FN) insider FNSC Holdings Inc. purchased 1,700 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was bought at an average price of C$29.82 per share, with a total value of C$50,694.00. Following the purchase, the insider now owns 6,957,484 shares of the company’s stock, valued at approximately C$207,472,172.88.

FNSC Holdings Inc. also recently made the following trade(s):

  • On Thursday, April 25th, FNSC Holdings Inc. purchased 11,669 shares of First National Financial stock. The stock was bought at an average price of C$32.15 per share, with a total value of C$375,158.35.

FN stock traded up C$0.15 during trading on Thursday, hitting C$29.79. 512 shares of the company’s stock traded hands, compared to its average volume of 19,579. The company has a debt-to-equity ratio of 6,865.68, a current ratio of 10.95 and a quick ratio of 10.75. First National Financial Corp has a 52 week low of C$25.38 and a 52 week high of C$32.51. The firm has a market cap of $1.79 billion and a price-to-earnings ratio of 11.83.

First National Financial (TSE:FN) last released its earnings results on Monday, February 25th. The company reported C$0.53 earnings per share for the quarter, missing the consensus estimate of C$0.70 by C($0.17). The business had revenue of C$312.04 million for the quarter. As a group, analysts expect that First National Financial Corp will post 3.02000009567914 EPS for the current fiscal year.

The firm also recently announced a monthly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th were paid a dividend of $0.1583 per share. This is a positive change from First National Financial’s previous monthly dividend of $0.16. The ex-dividend date was Monday, April 29th. This represents a $1.90 annualized dividend and a yield of 6.38%. First National Financial’s payout ratio is presently 75.46%.

A number of analysts recently issued reports on the stock. National Bank Financial lifted their price target on shares of First National Financial from C$27.00 to C$30.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 30th. Royal Bank of Canada lowered their target price on shares of First National Financial from C$32.00 to C$31.00 and set an “underperform” rating for the company in a research note on Wednesday, May 1st. BMO Capital Markets reiterated a “market perform” rating and set a C$30.00 target price on shares of First National Financial in a research note on Wednesday, February 27th. Finally, TD Securities upgraded shares of First National Financial from a “hold” rating to a “buy” rating and boosted their target price for the company from C$29.00 to C$32.00 in a research note on Wednesday, February 27th.

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About First National Financial

First National Financial Corporation, through its subsidiaries, originates, underwrites, and services residential and commercial mortgages in Canada. It offers single family residential, and multi-unit residential and commercial mortgages. The company provides its services through mortgage broker distribution channel, as well as through online.

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Insider Buying and Selling by Quarter for First National Financial (TSE:FN)

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