First National Financial Corp (TSE:FN) announced a monthly dividend on Wednesday, January 30th, TickerTech reports. Stockholders of record on Friday, February 15th will be given a dividend of 0.1583 per share on Friday, February 15th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 6.66%. The ex-dividend date of this dividend is Wednesday, January 30th. This is a positive change from First National Financial’s previous monthly dividend of $0.16.
TSE:FN opened at C$28.53 on Friday. The stock has a market capitalization of $1.72 billion and a PE ratio of 9.66. The company has a current ratio of 11.11, a quick ratio of 10.87 and a debt-to-equity ratio of 5,815.21. First National Financial has a fifty-two week low of C$25.34 and a fifty-two week high of C$29.99.
A number of equities analysts have issued reports on FN shares. TD Securities raised their price target on shares of First National Financial from C$28.00 to C$29.00 in a research report on Tuesday. Royal Bank of Canada lowered shares of First National Financial from a “sector perform” rating to an “underperform” rating in a report on Tuesday, January 15th. BMO Capital Markets cut their target price on shares of First National Financial from C$29.00 to C$28.00 in a report on Thursday, November 1st. Finally, National Bank Financial cut their target price on shares of First National Financial from C$28.00 to C$27.00 and set a “sector perform” rating for the company in a report on Wednesday, October 31st. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. First National Financial currently has an average rating of “Hold” and a consensus price target of C$27.90.
In other First National Financial news, insider FNSC Holdings Inc. purchased 27,934 shares of the business’s stock in a transaction on Wednesday, January 16th. The shares were bought at an average cost of C$28.64 per share, for a total transaction of C$800,029.76. Following the completion of the purchase, the insider now directly owns 6,909,051 shares of the company’s stock, valued at C$197,875,220.64. Also, Director Moray Tawse acquired 4,000 shares of the stock in a transaction dated Friday, December 14th. The shares were bought at an average cost of C$13.21 per share, with a total value of C$52,840.00. Over the last 90 days, insiders purchased 32,994 shares of company stock worth $872,333.
First National Financial Company Profile
First National Financial Corporation, through its subsidiaries, originates, underwrites, and services residential and commercial mortgages in Canada. It offers single family residential, and multi-unit residential and commercial mortgages, as well as engages in the mortgage broker distribution channel operations.
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