First National Financial (TSE:FN) Stock Crosses Below 200 Day Moving Average – Time to Sell?

First National Financial Co. (TSE:FN)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$40.49 and traded as low as C$39.69. First National Financial shares last traded at C$40.00, with a volume of 11,030 shares traded.

Analysts Set New Price Targets

FN has been the subject of several research reports. Scotiabank boosted their price objective on shares of First National Financial from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a research report on Thursday, March 6th. TD Securities lowered their price target on shares of First National Financial from C$46.00 to C$45.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. Finally, BMO Capital Markets lifted their price objective on shares of First National Financial from C$41.00 to C$42.00 in a research report on Thursday, March 6th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$43.17.

First National Financial Stock Down 0.5 %

The company has a market capitalization of C$2.36 billion, a PE ratio of 12.78, a PEG ratio of 0.70 and a beta of 1.04. The business has a 50 day simple moving average of C$40.36 and a 200 day simple moving average of C$40.52.

Insider Buying and Selling

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

First National Financial Company Profile

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.