Laurentian Bank of Canada Trims First National Financial Corp (TSE:FN) Target Price to C$27.00
First National Financial Corp (TSE:FN) had its price target cut by Laurentian Bank of Canada from C$28.00 to C$27.00 in a research report released on Thursday, July 27th, StockTargetPrices.com reports.
Several other analysts have also recently weighed in on the stock. TD Securities lowered their price objective on shares of First National Financial Corp from C$28.00 to C$26.00 and set a hold rating on the stock in a research report on Thursday, April 27th. Scotiabank reiterated a sector perform rating and issued a C$27.00 target price on shares of First National Financial Corp in a research report on Wednesday, April 26th. Royal Bank Of Canada cut shares of First National Financial Corp from a sector perform rating to an underperform rating and decreased their target price for the stock from C$27.00 to C$25.00 in a research report on Wednesday, July 26th. Finally, National Bank Financial lifted their target price 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 report on Tuesday, July 25th.
Shares of First National Financial Corp (TSE:FN) traded up 0.570% during mid-day trading on Thursday, hitting $25.605. 4,010 shares of the company traded hands. The stock has a market capitalization of $1.54 billion and a PE ratio of 6.870. First National Financial Corp has a 1-year low of $22.18 and a 1-year high of $32.05. The firm’s 50 day moving average price is $26.04 and its 200-day moving average price is $26.28.
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The firm also recently announced a monthly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be given a $0.154 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 7.26%. The ex-dividend date is Tuesday, August 29th.
In other news, Director Robert William Pearce purchased 3,500 shares of the business’s stock in a transaction on Friday, July 28th. The shares were acquired at an average price of C$24.75 per share, with a total value of C$86,625.00.
About First National Financial Corp
First National Financial Corporation, through its subsidiaries, engages in the origination, underwriting, and servicing of 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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