FY2024 EPS Estimates for First National Financial Co. Reduced by National Bank Financial (TSE:FN)

First National Financial Co. (TSE:FNFree Report) – Equities research analysts at National Bank Financial reduced their FY2024 earnings per share (EPS) estimates for shares of First National Financial in a report issued on Tuesday, March 5th. National Bank Financial analyst J. Gloyn now anticipates that the company will earn $3.84 per share for the year, down from their previous forecast of $4.19. The consensus estimate for First National Financial’s current full-year earnings is $4.19 per share.

A number of other brokerages also recently issued reports on FN. TD Securities raised their price objective on First National Financial from C$41.00 to C$44.00 and gave the stock a “hold” rating in a research report on Thursday. Royal Bank of Canada raised their price objective on First National Financial from C$42.00 to C$43.00 in a research note on Thursday, January 4th. BMO Capital Markets reduced their price objective on First National Financial from C$44.00 to C$41.00 and set a “market perform” rating for the company in a research note on Thursday. Finally, Scotiabank raised their price objective on First National Financial from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 31st. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$41.83.

Check Out Our Latest Research Report on FN

First National Financial Price Performance

First National Financial stock opened at C$37.03 on Friday. The company has a current ratio of 11.45, a quick ratio of 10.11 and a debt-to-equity ratio of 5,470.35. The company has a market capitalization of C$2.22 billion, a PE ratio of 8.97, a P/E/G ratio of 0.70 and a beta of 1.10. First National Financial has a 12 month low of C$32.86 and a 12 month high of C$41.80. The stock has a 50-day moving average price of C$39.57 and a two-hundred day moving average price of C$37.91.

First National Financial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 15th. Stockholders of record on Thursday, February 29th will be issued a $0.204 dividend. This represents a $2.45 dividend on an annualized basis and a dividend yield of 6.61%. The ex-dividend date is Wednesday, February 28th. First National Financial’s payout ratio is currently 58.60%.

Insider Transactions at First National Financial

In related news, insider FNSC Holdings Inc. bought 32,895 shares of the stock in a transaction dated Tuesday, December 19th. The stock was bought at an average price of C$38.01 per share, with a total value of C$1,250,338.95. Company insiders own 71.46% of the company’s stock.

About First National Financial

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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 and multi-unit residential, and commercial mortgages.

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