National Bank Financial Upgrades First National Financial Q4 Earnings Forecast

On February 2, 2025, analysts at National Bank Financial revised their earnings per share (EPS) estimates for First National Financial Co. (TSE:FN). The updated projection for Q4 2024 indicates that First National is expected to report earnings of $1.04 per share, an increase from a prior forecast of $0.87. This revised estimate reflects greater confidence in the company's financial performance for the upcoming quarter.

The consensus among analysts suggests that First National Financial is on track for a full-year EPS of $4.02. Furthermore, the National Bank Financial research report forecasts FY2025 earnings to reach $4.28 EPS and predicts an increase to $4.71 EPS for FY2026. This optimistic outlook signifies an anticipated growth trajectory for the company.

Other firms have also recently evaluated First National Financial. For instance, TD Securities raised its price target on the stock from C$42.00 to C$46.00, issuing a “buy” recommendation on October 30, 2024. Similarly, National Bankshares increased their target price from C$41.00 to C$42.00 with a “sector perform” rating. CIBC also boosted its price target for First National Financial from C$40.00 to C$44.00, maintaining a “neutral” stance. Overall, four analysts recommend holding the stock, while two analysts have given it a buy rating. According to reports, the stock currently holds an average rating of “Hold” with a mean target price of C$42.67.

First National Financial Stock Movement

As of Tuesday, shares of First National Financial were trading at C$40.33. The company's market capitalization stands at C$2.42 billion, with a price-to-earnings (P/E) ratio of 10.61 and a P/E growth (P/E/G) ratio of 0.70. Over the past twelve months, the stock has recorded a low of C$35.15 and a high of C$45.10. The firm has a quick ratio of 10.11, a current ratio of 8.92, and a staggering debt-to-equity ratio of 6,280.61. Furthermore, the 50-day moving average price is C$40.91, while the 200-day moving average is C$39.81.

Insider Activity

Recent insider activity indicates a strong belief in the company's potential. Notably, FNSC Holdings Inc. acquired 742 shares of First National Financial on December 18, 2024, at an average price of C$40.50. This transaction totaled approximately C$30,051. Over the past three months, insiders have purchased a combined total of 112,368 shares valued at around $4,775,913. Impressively, corporate insiders now own 71.45% of the company's stock.

Company Overview

First National Financial Corporation, along with its subsidiaries, plays a crucial role in the Canadian mortgage market by originating, underwriting, and servicing both commercial and residential mortgages. The company operates in two primary segments: Residential and Commercial, offering a wide range of mortgage products, including single-family, multi-unit residential, and commercial mortgages.

Forecast, Earnings, Stock