Latest Stock Market News

First National Financial Co. (TSE:FN) Insider Acquires C$200,057.13 in Stock


First National Financial Co. (TSE:FNGet Rating) insider FNSC Holdings Inc. purchased 5,637 shares of the company’s stock in a transaction dated Friday, December 9th. The shares were acquired at an average cost of C$35.49 per share, with a total value of C$200,057.13. Following the purchase, the insider now directly owns 7,933,131 shares of the company’s stock, valued at approximately C$281,546,819.19.

FNSC Holdings Inc. also recently made the following trade(s):

  • On Tuesday, December 6th, FNSC Holdings Inc. bought 7,792 shares of First National Financial stock. The shares were purchased at an average cost of C$35.30 per share, with a total value of C$275,057.60.
  • On Monday, November 28th, FNSC Holdings Inc. bought 2,694 shares of First National Financial stock. The shares were purchased at an average cost of C$37.13 per share, with a total value of C$100,028.22.
  • On Tuesday, November 15th, FNSC Holdings Inc. bought 8,060 shares of First National Financial stock. The shares were purchased at an average cost of C$34.13 per share, with a total value of C$275,087.80.
  • On Thursday, September 22nd, FNSC Holdings Inc. purchased 652 shares of First National Financial stock. The stock was bought at an average cost of C$38.42 per share, with a total value of C$25,047.23.

First National Financial Stock Performance

Shares of TSE FN traded down C$0.02 during midday trading on Friday, hitting C$35.48. The company’s stock had a trading volume of 8,936 shares, compared to its average volume of 46,979. The stock has a fifty day moving average price of C$35.24 and a 200 day moving average price of C$36.01. The company has a current ratio of 10.33, a quick ratio of 10.11 and a debt-to-equity ratio of 5,953.89. The firm has a market capitalization of C$2.13 billion and a price-to-earnings ratio of 10.95. First National Financial Co. has a one year low of C$32.12 and a one year high of C$45.89.

First National Financial Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be paid a $0.20 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 6.76%. The ex-dividend date is Tuesday, November 29th. This is a boost from First National Financial’s previous monthly dividend of $0.20. First National Financial’s payout ratio is currently 72.53%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on FN shares. Scotiabank decreased their price target on shares of First National Financial from C$37.00 to C$35.00 in a research note on Thursday, October 27th. TD Securities decreased their price target on shares of First National Financial from C$36.00 to C$35.00 and set a “hold” rating for the company in a research note on Thursday, October 27th. National Bankshares decreased their price target on shares of First National Financial from C$35.00 to C$34.00 in a research note on Tuesday, October 25th. Finally, BMO Capital Markets decreased their price target on shares of First National Financial from C$36.00 to C$33.00 in a research note on Thursday, October 27th.

About First National Financial

(Get Rating)

First National Financial Corporation, together with its subsidiaries, originates, underwrites, and services commercial and residential mortgages in Canada. The company operates in two segments, Residential and Commercial segments. It offers single-family residential, and multi-unit residential and commercial mortgages.

Further Reading

Insider Buying and Selling by Quarter for First National Financial (TSE:FN)

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