First National Financial Co. (TSE:FN) Insider Purchases C$250,068.00 in Stock

First National Financial Co. (TSE:FN) insider FNSC Holdings Inc. acquired 6,412 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were bought at an average cost of C$39.00 per share, for a total transaction of C$250,068.00.

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

• On Wednesday, December 18th, FNSC Holdings Inc. acquired 742 shares of First National Financial stock. The stock was purchased at an average cost of C$40.50 per share, with a total value of C$30,051.00.
• On Thursday, November 14th, FNSC Holdings Inc. purchased 105,214 shares of First National Financial stock. The shares were bought at an average cost of C$42.73 per share, with a total value of C$4,495,794.22.

First National Financial Stock Performance

Shares of First National Financial stock traded up C$0.36 during midday trading on Wednesday, hitting C$39.35. The company had a trading volume of 7,130 shares, compared to its average volume of 28,611. The business’s 50 day simple moving average is C$41.75 and its two-hundred day simple moving average is C$39.28. The stock has a market cap of C$2.36 billion, a PE ratio of 10.36, a P/E/G ratio of 0.70 and a beta of 1.04. The company has a debt-to-equity ratio of 6,280.61, a current ratio of 8.92 and a quick ratio of 10.11. First National Financial Co. has a 1-year low of C$35.15 and a 1-year high of C$45.10.

First National Financial Announces Dividend

The company also recently announced an annual dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.708 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a dividend yield of 1.71%. First National Financial’s dividend payout ratio is presently 64.47%.

Wall Street Analyst Weigh In

FN has been the subject of several analyst reports. National Bankshares upped their target price 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 note on Wednesday, October 30th. TD Securities increased 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 report on Wednesday, October 30th. Finally, CIBC increased their price objective 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. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of C$42.67.

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.