Equities Analysts Offer Predictions for First National Financial Co.’s Q3 2023 Earnings (TSE:FN)

Posted by on Aug 5th, 2023

First National Financial Co. (TSE:FN – Free Report) – Research analysts at National Bank Financial cut their Q3 2023 EPS estimates for shares of First National Financial in a note issued to investors on Wednesday, August 2nd. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings of $0.90 per share for the quarter, down from their prior forecast of $0.92. The consensus estimate for First National Financial’s current full-year earnings is $3.09 per share. National Bank Financial also issued estimates for First National Financial’s Q4 2023 earnings at $0.82 EPS, FY2023 earnings at $3.77 EPS and FY2024 earnings at $4.00 EPS.

Several other equities analysts have also recently commented on the stock. National Bankshares boosted their target price on shares of First National Financial from C$37.00 to C$39.00 and gave the company a “sector perform” rating in a research report on Monday, May 1st. TD Securities boosted their target price on shares of First National Financial from C$39.00 to C$42.00 and gave the company a “hold” rating in a research report on Thursday. CIBC boosted their target price on shares of First National Financial from C$40.00 to C$44.00 and gave the company a “neutral” rating in a research report on Wednesday. BMO Capital Markets upped their price objective on shares of First National Financial from C$39.00 to C$43.00 and gave the stock a “market perform” rating in a research report on Thursday. Finally, Royal Bank of Canada upped their price objective on shares of First National Financial from C$40.00 to C$43.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, First National Financial presently has a consensus rating of “Hold” and a consensus price target of C$42.33.

First National Financial Price Performance

Shares of TSE:FN opened at C$39.88 on Friday. The firm has a 50 day moving average of C$38.24 and a 200-day moving average of C$38.52. The stock has a market capitalization of C$2.39 billion, a PE ratio of 13.52, a PEG ratio of 0.70 and a beta of 1.07. The company has a current ratio of 9.60, a quick ratio of 10.11 and a debt-to-equity ratio of 6,274.23. First National Financial has a 12 month low of C$32.72 and a 12 month high of C$41.80.

First National Financial (TSE:FN – Get Free Report) last issued its earnings results on Tuesday, August 1st. The company reported C$1.47 EPS for the quarter, beating the consensus estimate of C$1.13 by C$0.34. The company had revenue of C$256.66 million during the quarter, compared to analysts’ expectations of C$229.70 million. First National Financial had a net margin of 26.95% and a return on equity of 26.72%.

First National Financial Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be given a dividend of $0.20 per share. This represents a $2.40 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date of this dividend is Friday, July 28th. First National Financial’s dividend payout ratio is 81.36%.

About First National Financial

(Get Free Report)

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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Earnings History and Estimates for First National Financial (TSE:FN)

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