First Horizon Corporation (NYSE: FHN) is -0.65% lower on its value in year-to-date trading and has touched a low of $13.72 and a high of $22.44 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 $20.91 in the last trading session, with the day’s loss setting it -0.9%.
Currently trading at $20.01, the stock is -7.29% and -4.94% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.04 million and changing -4.30% at the moment leaves the stock 12.20% off its SMA200. FHN registered 41.91% gain for a year compared to 6-month gain of 21.49%.
The stock witnessed a -8.59% loss in the last 1 month and extending the period to 3 months gives it a -5.12%, and is -3.19% 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 3.64% over the week and 2.67% over the month.
First Horizon Corporation (FHN) has around 7155 employees, a market worth around $10.44B and $5.00B in sales. Current P/E ratio is 14.76 and Fwd P/E is 10.50. Profit margin for the company is 14.76%. Distance from 52-week low is 45.90% and -10.83% from its 52-week high. The company has generated returns on investments over the last 12 months (7.13%).
with sales reaching $825.11M over the same period.The EPS is expected to grow by 9.65% this year, but quarterly earnings will post 2.68% year-over-year. Quarterly sales are estimated to grow 0.26% in year-over-year returns.
First Horizon Corporation (FHN) Top Institutional Holders
The shares outstanding are 524.28M, and float is at 514.75M with Short Float at 2.20%.
The top institutional shareholder in the company is BLACKROCK INC. with over 61.9 million shares valued at $976.21 million. The investor’s holdings represent 11.1542% of the FHN Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 56.32 million shares valued at $$888.2 million to account for 10.1486 of the shares outstanding. The other top investors are BANK OF NEW YORK MELLON CORP which holds 32.39 million shares representing 5.8362% and valued at over $510.78 million, while STATE STREET CORP holds 4.0664 of the shares totaling 22.12 million with a market value of $352.23 million.
First Horizon Corporation (FHN) Insider Activity
A total of 0 insider transactions have happened at First Horizon Corporation (FHN) in the last six months, with sales accounting for 0 and purchases happening 0 times.
First Horizon Corporation disclosed in a document filed with the SEC on Jan 22 ’25 that JORDAN D BRYAN (Chairman, President & CEO) sold a total of 109,980 shares of the company’s common stock. The trade occurred on Jan 22 ’25 and was made at $21.13 per share for $2.32 million. Following the transaction, the insider now directly holds 1.86 million shares of the FHN stock.
Still, SEC filings show that on Jan 22 ’25, JORDAN D BRYAN (Officer) Proposed Sale 109,980 shares at an average price of $21.13 for $2.32 million. The insider now directly holds 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 16.33% up over the past 12 months. Pinnacle Financial Partners Inc. (PNFP) that is 26.97% higher over the same period.
