First National Financial (TSE:FN – Free Report) had its price target cut by TD Securities from C$44.00 to C$42.00 in a research note published on Thursday, BayStreet.CA reports.
FN has been the topic of a number of other research reports. Scotiabank reduced their target price on First National Financial from C$45.00 to C$41.00 and set an outperform rating on the stock in a research report on Wednesday. Royal Bank of Canada decreased their target price on shares of First National Financial from C$43.00 to C$41.00 and set a sector perform rating on the stock 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 research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of C$40.17.
Check Out Our Latest Stock Report on First National Financial
First National Financial Trading Up 0.3 %
First National Financial (TSE:FN – Get Free Report) last issued its earnings results on Tuesday, March 5th. The company reported C$0.72 EPS 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 the consensus estimate of C$164.10 million. Research analysts forecast that First National Financial will post 3.9252815 EPS for the current fiscal year.
First National Financial Increases Dividend
The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.2042 per share. This represents a $2.45 annualized dividend and a dividend yield of 6.73%. The ex-dividend date of this dividend is Monday, April 29th. This is a boost from First National Financial’s previous monthly dividend of $0.20. First National Financial’s dividend payout ratio is currently 59.04%.
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.
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