First National Financial (TSE:FN) Hits New 52-Week High at $35.15

First National Financial Corp (TSE:FN) reached a new 52-week high on Thursday . The company traded as high as C$35.15 and last traded at C$35.10, with a volume of 7087 shares traded. The stock had previously closed at C$34.60.

FN has been the topic of a number of research reports. National Bank Financial upped their price target on shares of First National Financial from C$31.00 to C$32.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 31st. BMO Capital Markets upped their price objective on shares of First National Financial from C$30.00 to C$34.00 in a report on Thursday, August 1st. TD Securities upped their price objective on shares of First National Financial from C$34.00 to C$36.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Royal Bank of Canada upped their price objective on shares of First National Financial from C$32.00 to C$34.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 31st.

The stock has a market capitalization of $2.17 billion and a P/E ratio of 14.57. The stock’s fifty day moving average is C$32.83 and its 200-day moving average is C$31.04. The company has a debt-to-equity ratio of 6,869.03, a current ratio of 9.84 and a quick ratio of 9.61.

The firm also recently disclosed a monthly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were issued a $0.158 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date of this dividend was Tuesday, July 30th. First National Financial’s dividend payout ratio is presently 75.91%.

First National Financial Company Profile (TSE:FN)

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. The company provides its services through mortgage broker distribution channel, as well as through online.

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