Currently, there are 559.00M common shares owned by the public and among those 549.63M shares have been available to trade.
Insiders at the company have transacted a total of 54 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 35 of these insider trades were purchases, accounting for 922,550 shares. Insider sales of the common stock occurred on 19 occasions, with total insider shares sold totaling 360,244 shares.
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The company’s stock has a 5-day price change of 0.36% and 16.12% over the past three months. FHN shares are trading -0.28% year to date (YTD), with the 12-month market performance down to -43.11% lower. It has a 12-month low price of $8.99 and touched a high of $24.90 over the same period. FHN has an average intraday trading volume of 9.17 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.35%, 0.80%, and 14.79% respectively.
Institutional ownership of First Horizon Corporation (NYSE: FHN) shares accounts for 80.67% of the company’s 559.00M shares outstanding.
It has a market capitalization of $7.89B and a beta (3y monthly) value of 0.95. The stock’s trailing 12-month PE ratio is 9.23, while the earnings-per-share (ttm) stands at $1.53. The company has a PEG of 3.85 and the debt-to-equity ratio at 0.41. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.49% over the week and 2.91% over the month.
Analysts forecast that First Horizon Corporation (FHN) will achieve an EPS of $0.34 for the current quarter, $0.35 for the next quarter and $1.58 for 2025. The lowest estimate earnings-per-share for the quarter is $0.32 while analysts give the company a high EPS estimate of $0.36. Comparatively, EPS for the current quarter was $0.45 a year ago. Earnings per share for the fiscal year are expected to decrease by -6.69%, and 9.71% over the next financial year. EPS should grow at an annualized rate of 2.40% over the next five years, compared to -1.32% over the past 5-year period.
Looking at the support for the FHN, a number of firms have released research notes about the stock. UBS stated their Buy rating for the stock in a research note on January 24, 2024, with the firm’s price target at $15.50-$16. Citigroup coverage for the First Horizon Corporation (FHN) stock in a research note released on December 01, 2023 offered a Buy rating with a price target of $14. Wedbush was of a view on November 03, 2023 that the stock is Outperform, while Wedbush gave the stock Neutral rating on October 05, 2023, issuing a price target of $12. Wells Fargo on their part issued Equal Weight rating on October 04, 2023.
