First Horizon Corporation (FHN) down -2.97% since start of the year

First Horizon Corporation (NYSE: FHN) is -2.97% lower on its value in year-to-date trading and has touched a low of $8.99 and a high of $24.90 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FHN stock was last observed hovering at around $10.29M in the last trading session, with the day’s gains setting it 3.5%.

Currently trading at $13.79, the stock is 15.76% and 22.99% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.31 and changing 13.74% at the moment leaves the stock Jan 18 BMO off its SMA200. FHN registered -44.33% loss for a year compared to 6-month gain of 2.16%.

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The stock witnessed a -3.38% loss in the last 1 month and extending the period to 3 months gives it a 21.16%, and is -1.36% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.74% over the week and 3.00% over the month.

First Horizon Corporation (FHN) has around Mar 14 2024 employees, a market worth around $7.68B and $4.79B in sales. Current P/E ratio is 8.98 and Fwd P/E is 8.72. Profit margin for the company is 18.05%. Distance from 52-week low is 52.84% and -44.82% from its 52-week high. The company has generated returns on investments over the last 12 months (8.52%).

First Horizon Corporation quarterly earnings per share for the current quarter are estimated at $0.34 with sales reaching $808.93M over the same period.The EPS is expected to shrink by -6.69% this year, but quarterly earnings will post -4.70% year-over-year. Quarterly sales are estimated to shrink -5.80% in year-over-year returns.

First Horizon Corporation (FHN) Top Institutional Holders

706 institutions hold shares in First Horizon Corporation (FHN), with institutional investors hold 81.06% of the company’s shares. The shares outstanding are 559.00M, and float is at 550.11M with Short Float at 1.87%. Institutions hold 80.12% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 74.85 million shares valued at $1.03 billion. The investor’s holdings represent 13.40% of the FHN Shares outstanding. As of Sep 29, 2023, the second largest holder is Vanguard Group Inc with 56.78 million shares valued at $780.09 million to account for 10.16% of the shares outstanding. The other top investors are State Street Corporation which holds 26.77 million shares representing 4.79% and valued at over $367.82 million, while Wellington Management Group, LLP holds 2.03% of the shares totaling 11.32 million with a market value of $155.59 million.

First Horizon Corporation (FHN) Insider Activity

A total of 1 insider transactions have happened at First Horizon Corporation (FHN) in the last six months, with sales accounting for 0 and purchases happening 1 times. The most recent transaction is an insider purchase by FENSTERMAKER WILLIAM H ,the company’sDirector. SEC filings show that FENSTERMAKER WILLIAM H bought 10,000 shares of the company’s common stock on Jun 07 at a price of $11.62 per share for a total of $0.12 million. Following the purchase, the insider now owns 0.26 million shares.

First Horizon Corporation disclosed in a document filed with the SEC on May 19 that PALMER VICKI R (Director) bought a total of 2,000 shares of the company’s common stock. The trade occurred on May 19 and was made at $11.02 per share for $22041.0. Following the transaction, the insider now directly holds 95650.0 shares of the FHN stock.

Still, SEC filings show that on May 12, FENSTERMAKER WILLIAM H (Director) acquired 2,950 shares at an average price of $9.56 for $28190.0. The insider now directly holds 246,312 shares of First Horizon Corporation (FHN).

First Horizon Corporation (FHN): Who are the competitors?

The company’s main competitors (and peers) include PNC Financial Services Group Inc. (PNC) that is trading -8.21% down over the past 12 months. Pinnacle Financial Partners Inc. (PNFP) that is 1.78% higher over the same period.