First National Financial (TSE:FN) Stock Passes Above 50-Day Moving Average of $39.59

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Shares of First National Financial Corp (TSE:FN) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $39.59 and traded as high as $42.12. First National Financial shares last traded at $42.06, with a volume of 23,839 shares.

Several equities research analysts recently weighed in on the company. National Bank Financial upped their price target on First National Financial from C$32.00 to C$38.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 29th. BMO Capital Markets upped their price target on First National Financial from C$30.00 to C$34.00 in a research note on Thursday, August 1st. TD Securities upped their price target on First National Financial from C$41.00 to C$42.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Finally, Royal Bank of Canada upped their price target on First National Financial from C$32.00 to C$34.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 31st.

The stock has a market capitalization of $2.48 billion and a PE ratio of 15.98. The business has a 50 day moving average price of C$39.68 and a 200 day moving average price of C$34.29. The company has a debt-to-equity ratio of 6,480.49, a current ratio of 10.65 and a quick ratio of 10.40.

The business also recently announced a monthly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 16th will be paid a $0.1625 dividend. This is a boost from First National Financial’s previous monthly dividend of $0.16. This represents a $1.95 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date is Thursday, November 28th. First National Financial’s dividend payout ratio is currently 72.38%.

In related news, insider FNSC Holdings Inc. bought 17,264 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were purchased at an average cost of C$38.24 per share, with a total value of C$660,175.36. Following the completion of the purchase, the insider now owns 7,003,888 shares in the company, valued at approximately C$267,828,677.12.

First National Financial Company Profile (TSE:FN)

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.

Further Reading: Cost of Equity For A Business, Investors

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