First National Financial Corp (FN) Price Target Cut to C$27.00 by Analysts at Laurentian Bank of Canada
First National Financial Corp (TSE:FN) had its target price trimmed by Laurentian Bank of Canada from C$28.00 to C$27.00 in a research report sent to investors on Thursday, StockTargetPrices.com reports.
A number of other equities analysts have also commented on the stock. Scotiabank reaffirmed a sector perform rating and issued a C$27.00 price objective on shares of First National Financial Corp in a research note on Wednesday, April 26th. TD Securities decreased their price objective on shares of First National Financial Corp from C$28.00 to C$26.00 and set a hold rating for the company in a research note on Thursday, April 27th. Royal Bank Of Canada lowered shares of First National Financial Corp from a sector perform rating to an underperform rating and decreased their price objective for the stock from C$27.00 to C$25.00 in a research note on Wednesday, July 26th. Finally, National Bank Financial raised their price objective on shares of First National Financial Corp from C$24.00 to C$25.00 and gave the stock a sector perform rating in a research note on Tuesday, July 25th.
Shares of First National Financial Corp (TSE:FN) opened at 24.66 on Thursday. First National Financial Corp has a 1-year low of $22.18 and a 1-year high of $32.23. The company has a 50-day moving average price of $26.35 and a 200-day moving average price of $26.63. The stock has a market cap of $1.48 billion and a price-to-earnings ratio of 6.62.
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be paid a $0.154 dividend. This is a positive change from First National Financial Corp’s previous monthly dividend of $0.10. The ex-dividend date is Thursday, July 27th. This represents a $1.85 dividend on an annualized basis and a yield of 7.49%.
In related news, Director Robert William Pearce bought 3,500 shares of the business’s stock in a transaction on Friday, July 28th. The stock was bought at an average price of C$24.75 per share, for a total transaction of C$86,625.00.
First National Financial Corp Company Profile
First National Financial Corporation is a Canada-based parent company of First National Financial LP (FNFLP), which is an originator, underwriter and servicer of prime residential (single-family and multi-unit) and commercial mortgages. The Company operates through two segments: Residential (which includes single-family residential mortgages) and Commercial (which includes multi-unit residential and commercial mortgages).
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