First National Financial (TSE:FN) Price Target Lowered to C$42.00 at TD Securities

First National Financial (TSE:FN) had its price target lowered by TD Securities from C$44.00 to C$42.00 in a research note released on Thursday, BayStreet.CA reports.

A number of other equities research analysts have also issued reports on FN. Royal Bank of Canada decreased their price target on First National Financial from C$43.00 to C$41.00 and set a sector perform rating for the company in a research note on Wednesday. Scotiabank decreased their target price on First National Financial from C$45.00 to C$41.00 and set an outperform rating for the company in a research report on Wednesday. Finally, BMO Capital Markets lowered their target price on shares of First National Financial from C$41.00 to C$39.00 in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, First National Financial presently has an average rating of Hold and an average price target of C$40.17.

First National Financial Stock Up 0.3 %

TSE FN opened at C$36.39 on Thursday. The company has a quick ratio of 10.11, a current ratio of 10.29 and a debt-to-equity ratio of 6,070.47. First National Financial has a 52 week low of C$32.86 and a 52 week high of C$41.80. The firm has a market capitalization of C$2.18 billion, a price-to-earnings ratio of 8.77, a PEG ratio of 0.70 and a beta of 1.06. The company has a fifty day moving average of C$37.65 and a two-hundred day moving average of C$38.04.

First National Financial (TSE:FN) last posted its quarterly earnings data on Tuesday, March 5th. The company reported C$0.72 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.22 by C$0.50. First National Financial had a net margin of 33.65% and a return on equity of 35.19%. The company had revenue of C$199.30 million for the quarter, compared to analyst estimates of C$164.10 million. On average, analysts predict that First National Financial will post 3.9252815 earnings per share for the current year.

First National Financial Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.2042 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $2.45 annualized dividend and a dividend yield of 6.73%. This is a positive change from First National Financial’s previous monthly dividend of $0.20. First National Financial’s dividend payout ratio (DPR) is currently 59.04%.

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.