First National Financial (TSE:FN) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Shares of First National Financial Co. (TSE:FN) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$40.57 and traded as low as C$38.23. First National Financial shares last traded at C$38.87, with a volume of 31,809 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. BMO Capital Markets increased their price objective on shares of First National Financial from C$41.00 to C$42.00 in a research note on Thursday, March 6th. TD Securities dropped their price target on First National Financial from C$46.00 to C$45.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Finally, Scotiabank boosted their price objective on First National Financial from C$44.00 to C$45.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 6th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$43.17.

First National Financial Stock Up 0.8 %

The stock has a market cap of C$2.34 billion, a P/E ratio of 12.66, a P/E/G ratio of 0.70 and a beta of 1.04. The company’s 50 day moving average price is C$40.22 and its 200-day moving average price is C$40.57.

Insider Activity at First National Financial

In other news, insider FNSC Holdings Inc. purchased 24,796 shares of the stock in a transaction on Wednesday, February 5th. The stock was purchased at an average price of C$40.34 per share, for a total transaction of C$1,000,270.64. 71.45% of the stock is currently owned by company 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.