Bullboard - Stock Discussion Forum First National Financial Corp T.FN.PR.A

Primary Symbol: T.FN Alternate Symbol(s): T.FN.PR.B | FNLIF

First National Financial Corporation is a Canada-based parent company of First National Financial LP, which is an originator, underwriter, and servicer of predominantly prime residential (single-family and multi-unit) and commercial mortgages. The Company operates through two segments: Residential and Commercial. The Residential segment include single-family residential mortgages. The... see more

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First National Financial Corp > Assessment

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Post by retiredcf on Jun 23, 2024 2:46pm

Assessment

FN management is very astute in the financial services industry and we think it is a good income investment. It is fairly small and entirely dependent on mortgages and sensitive to the economy and interest rates, so these are risks to consider. But it is cheap at only 9X earnings, the dividend is attractive and has shown some growth, and it has a decent history of relatively-steady growth. We think it could be added to larger financial stocks for diversification, but we would consider more income focused than growth. (5iResearch)