Scotiabank Reiterates Their Hold Rating on First National Financial (FN)


First National Financial (FN) has received a rating update from a Wall Street analyst yesterday. The company received a Hold rating from Scotiabank’s analyst Phil Hardie, with a C$29 price target.

Hardie has an average return of 2.8% when recommending First National Financial.

According to TipRanks.com, Hardie is ranked #1554 out of 5215 analysts.

Currently, the analyst consensus on First National Financial is a Moderate Sell with an average price target of C$29.33, which is a 0.5% upside from current levels. In a report issued on February 25, BMO Capital also reiterated a Hold rating on the stock with a C$30 price target.

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Based on First National Financial’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$32.2 million. In comparison, last year the company had a net profit of C$45.67 million.

First National Financial Corp. engages in the provision of mortgage banking services. It operates through the Residential and Commercial segments. The Residential segment includes single-family residential mortgages. The Commercial segment consists of multi-unit residential and commercial mortgages.

The company’s shares closed on Wednesday at C$29.19.

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