First National Financial (TSE:FN) Sets New 12-Month High – Still a Buy?

First National Financial Co. (TSE:FN) reached a new 52-week high during trading on Tuesday . The company traded as high as C$43.64 and last traded at C$43.64, with a volume of 44020 shares. The stock had previously closed at C$43.18.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FN. CIBC upped 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, October 30th. Scotiabank increased their price target on shares of First National Financial from C$41.00 to C$44.00 in a research report on Wednesday, July 24th. National Bankshares increased their price target 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 report on Wednesday, October 30th. Finally, TD Securities increased their price target on shares of First National Financial from C$42.00 to C$46.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, First National Financial currently has a consensus rating of “Hold” and an average price target of C$42.67.

First National Financial Stock Up 1.2 %

The stock has a market capitalization of C$2.62 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 0.70 and a beta of 1.04. The company has a current ratio of 8.92, a quick ratio of 10.11 and a debt-to-equity ratio of 6,280.61. The company’s 50-day moving average is C$40.00 and its 200 day moving average is C$37.80.

First National Financial Dividend Announcement

The business also recently disclosed an annual dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.708 dividend. This represents a dividend yield of 1.71%. The ex-dividend date is Friday, November 29th. First National Financial’s payout ratio is currently 64.47%.

Insider Activity at First National Financial

In other First National Financial news, insider FNSC Holdings Inc. purchased 25,774 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were bought at an average price of C$38.81 per share, for a total transaction of C$1,000,288.94. Insiders purchased 147,553 shares of company stock valued at $6,146,094 in the last three months. 71.45% of the stock is owned by insiders.

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.