Stephen Smith - First National Chairman
| FN Stock | CAD 44.04 0.07 0.16% |
Chairman
Mr. Stephen J.R. Smith is Chairman of the Board, President, Chief Executive Officer of First National Financial Corporationration He is one of Canadas leading financial services entrepreneurs, is the Chairman, Chief Executive Officer and CoFounder of First National Financial Corporationrationration. He was an innovator in the development and utilization of various securitization techniques to finance mortgage assets as well as a leader in the development and application of information technology in the mortgage industry. Mr. Smith is Chairman of Canada Guaranty Mortgage Insurance Company, which he owns in partnership with Ontario Teachers Pension Plan. He is the largest shareholder in Equitable Bank, one of Canadas leading alternative lenders and the countrys ninth largest bank. Mr. Smith is a member of the Board of Governors of the Royal Ontario Museum, the Board of Directors of the C.D. Howe Institute and the Empire Life Insurance Company. He is also Chairman of Historica Canada, producer of the Heritage Minutes and publisher of The Canadian Encyclopaedia. In 2012, Mr Smith received the Queen Elizabeth II Diamond Jubilee Medal for contributions to Canada. In 2015, Queen University announced the naming of The Stephen J.R. Smith School of Business at Queen University in honour of Mr. Smith and his historic 50million donation to the school. Mr. Smith holds a B.Sc in Electrical Engineering from Queens University and a M.Sc. in Economics from the London School of Economics. since 2019.
| Age | 72 |
| Tenure | 5 years |
| Address | 16 York Street, Toronto, ON, Canada, M5J 0E6 |
| Phone | 416 593 1100 |
| Web | https://www.firstnational.ca |
Stephen Smith Latest Insider Activity
Tracking and analyzing the buying and selling activities of Stephen Smith against First National stock is an integral part of due diligence when investing in First National. Stephen Smith insider activity provides valuable insight into whether First National is net buyers or sellers over its current business cycle. Note, First National insiders must abide by specific rules, including filing SEC forms every time they buy or sell First National'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.
Stephen Smith over a year ago Payment of 2075 shares by Stephen Smith of Veritiv Cor subject to Rule 16b-3 |
First National Management Efficiency
As of the 29th of November 2024, Return On Tangible Assets is likely to drop to 0.01. In addition to that, Return On Capital Employed is likely to drop to 0.01. As of the 29th of November 2024, Non Current Assets Total is likely to grow to about 50.9 B, while Total Assets are likely to drop about 25.1 B. First National's management efficiency ratios could be used to measure how well First National manages its routine affairs as well as how well it operates its assets and liabilities.Similar Executives
| Found 5 records | CHAIRMAN Age | ||
| David LeGresley | Equitable Group | 60 | |
| Gary Filmon | Exchange Income | 76 | |
| Duncan Jessiman | Exchange Income | 72 | |
| JeanGuy Desjardins | Fiera Capital | 75 | |
| Duncan QC | Exchange Income | 78 | |
Management Performance
| Return On Equity | 0.24 | ||||
| Return On Asset | 0.0039 |
First National Financial Leadership Team
Elected by the shareholders, the First National's board of directors comprises two types of representatives: First National inside directors who are chosen from within the company, and outside directors, selected externally and held independent of First. The board's role is to monitor First National's management team and ensure that shareholders' interests are well served. First National's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, First National's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Moray Tawse, Co-Founder, Executive VP, Secretary and Director | ||
| Wendy Burkin, Vice President of Human Resources of First National | ||
| Robert CPA, Chief Officer | ||
| Duncan Jackman, Independent Director | ||
| John Brough, Lead Independent Director | ||
| Robert Pearce, Independent Director | ||
| Ernie Stapleton, President Fundamental | ||
| Thomas Kim, Executive Markets | ||
| Scott McKenzie, Senior Vice President - Residential Mortgages of First National | ||
| Jeremy Wedgbury, Senior Vice President - Commercial Mortgages of First National | ||
| Peter Jaeggin, Vice President Information Technology | ||
| Robert Inglis, Chief Financial Officer | ||
| Barbara Palk, Independent Director | ||
| Stephen Smith, Chairman of the Board, Chief Executive Officer, Co-Founder | ||
| Hilda Wong, Senior Vice President and General Counsel of First National | ||
| Robert Mitchell, Independent Director | ||
| Jason Ellis, Managing Director - Capital Markets of First National |
First Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is First National a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.24 | ||||
| Return On Asset | 0.0039 | ||||
| Profit Margin | 0.29 % | ||||
| Operating Margin | 0.32 % | ||||
| Current Valuation | 49.59 B | ||||
| Shares Outstanding | 59.97 M | ||||
| Shares Owned By Insiders | 71.44 % | ||||
| Shares Owned By Institutions | 3.95 % | ||||
| Number Of Shares Shorted | 497.46 K | ||||
| Price To Earning | 13.28 X |
Pair Trading with First National
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First National position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First National will appreciate offsetting losses from the drop in the long position's value.Moving together with First Stock
Moving against First Stock
| 0.73 | AQN | Algonquin Power Utilities | PairCorr |
| 0.54 | T | Telus Corp | PairCorr |
| 0.52 | TD | Toronto Dominion Bank Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to First National could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First National when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First National - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First National Financial to buy it.
The correlation of First National is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First National moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First National Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for First National can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in First Stock
First National financial ratios help investors to determine whether First Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in First with respect to the benefits of owning First National security.