First National Financial Corp (TSE:FN) Stock Rating Lowered by Royal Bank Of Canada
Royal Bank Of Canada lowered shares of First National Financial Corp (TSE:FN) from a sector perform rating to an underperform rating in a research note released on Wednesday morning. The brokerage currently has C$25.00 target price on the stock, down from their previous target price of C$27.00.
A number of other research firms have also recently commented on FN. National Bank Financial boosted their price objective on First National Financial Corp from C$24.00 to C$25.00 and gave the company a sector perform rating in a research report on Tuesday, July 25th. Scotiabank restated a sector perform rating and issued a C$27.00 price objective on shares of First National Financial Corp in a research report on Wednesday, April 26th. Finally, TD Securities cut their price objective on First National Financial Corp from C$28.00 to C$26.00 and set a hold rating for the company in a research report on Thursday, April 27th.
Shares of First National Financial Corp (TSE:FN) opened at 24.66 on Wednesday. The stock has a market capitalization of $1.48 billion and a price-to-earnings ratio of 6.62. The company has a 50-day moving average of $26.35 and a 200 day moving average of $26.63. First National Financial Corp has a 12-month low of $22.18 and a 12-month high of $32.05.
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be given a $0.154 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This is a boost from First National Financial Corp’s previous monthly dividend of $0.10. This represents a $1.85 dividend on an annualized basis and a dividend yield of 7.49%.
In other First National Financial Corp news, Director Robert William Pearce acquired 3,500 shares of the business’s stock in a transaction dated Friday, July 28th. The stock was acquired at an average cost of C$24.75 per share, for a total transaction of C$86,625.00.
About First National Financial Corp
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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