First National Financial (TSE:FN) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

First National Financial Co. (TSE:FN) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$40.49 and traded as low as C$39.69. First National Financial shares last traded at C$40.00, with a volume of 11,030 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on FN shares. Scotiabank raised their price objective on First National Financial from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a report on Thursday, March 6th. BMO Capital Markets boosted their target price on First National Financial from C$41.00 to C$42.00 in a report on Thursday, March 6th. Finally, TD Securities reduced their target price on shares of First National Financial from C$46.00 to C$45.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, First National Financial has an average rating of “Hold” and an average price target of C$43.17.

First National Financial Stock Performance

The firm has a market cap of C$2.36 billion, a price-to-earnings ratio of 12.78, a P/E/G ratio of 0.70 and a beta of 1.04. The business has a 50 day simple moving average of C$40.36 and a 200-day simple moving average of C$40.52.

Insider Buying and Selling at First National Financial

In other news, insider FNSC Holdings Inc. purchased 6,412 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The shares were purchased at an average price of C$39.00 per share, with a total value of C$250,068.00. Corporate insiders own 71.45% of the company’s stock.

First National Financial Company Profile

First National Financial Corp is the parent company of First National Financial LP, a Canadian originator, underwriter, and servicer of predominantly prime residential and commercial mortgages. The company controls its First National Mortgage Investment Fund, which manages economic exposure to a diversified portfolio of primarily commercial mezzanine mortgages.