First National Financial (TSE:FN) Given New C$45.00 Price Target at Scotiabank

First National Financial (TSE:FN) had its target price upped by stock analysts at Scotiabank from C$44.00 to C$45.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 10.81% from the stock’s previous close.

FN has been the topic of several other research reports. TD Securities cut their target price on First National Financial from C$46.00 to C$45.00 and set a “buy” rating on the stock in a research note on Thursday. BMO Capital Markets boosted their price objective on shares of First National Financial from C$41.00 to C$42.00 in a research report on Thursday. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$43.17.

First National Financial Trading Up 0.8 %

Shares of TSE FN traded up C$0.32 during mid-day trading on Thursday, reaching C$40.61. 29,055 shares of the company’s stock were exchanged, compared to its average volume of 31,070. The business has a fifty day simple moving average of C$40.43 and a 200 day simple moving average of C$40.29. First National Financial has a twelve month low of C$35.15 and a twelve month high of C$45.10. The firm has a market capitalization of C$2.44 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 0.70 and a beta of 1.04.

Insiders Place Their Bets

In related news, insider FNSC Holdings Inc. acquired 6,412 shares of the firm’s stock in a transaction on Tuesday, January 14th. The shares were purchased at an average cost of C$39.00 per share, for a total transaction of C$250,068.00. Over the last three months, insiders have bought 31,950 shares of company stock valued at $1,280,390. 71.45% of the stock is currently owned by corporate insiders.

About First National Financial

First National Financial Corp is the parent company of First National Financial LP, a Canadian originator, underwriter, and servicer of predominantly prime residential and commercial mortgages. The company controls its First National Mortgage Investment Fund, which manages economic exposure to a diversified portfolio of primarily commercial mezzanine mortgages.