First National Financial Receives a Sell from RBC Capital

By Ryan Adsit

Wall Street analyst has provided a review for the Financial company on August 29, but retained the same rating on the stock. Analyst Geoffrey Kwan remains bearish on First National Financial (TSX: FN) and has a C$25 price target.

Kwan has an average return of 1.2% when recommending First National Financial.

According to TipRanks.com, Kwan is ranked #1889 out of 4621 analysts.

First National Financial has an analyst consensus of Moderate Sell, with a price target consensus of C$25.50.

Based on First National Financial’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of C$254 million and quarterly net profit of C$68.32 million. In comparison, last year the company earned revenue of C$264 million and had a net profit of C$40.7 million.

First National Financial Corp. provides mortgage banking services. The company’s activities include non banking, originating and servicing both commercial and residential mortgages. It offers both commercial mortgages and residential mortgage solutions such as multi family residential, retail, office, condo inventory, senior housing and mixed use.

The company’s shares closed on Wednesday at C$25.76.