First Horizon Corporation (NYSE: FHN) is -4.47% lower on its value in year-to-date trading and has touched a low of $14.11 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 $19.45 in the last trading session, with the day’s loss setting it -0.21%.
Currently trading at $19.24, the stock is -3.15% and 1.73% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.02 million and changing -1.08% at the moment leaves the stock 1.19% off its SMA200. FHN registered 32.32% gain for a year compared to 6-month loss of -5.92%.
The stock witnessed a -5.36% gain in the last 1 month and extending the period to 3 months gives it a 2.23%, and is -5.08% 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 2.24% over the week and 1.63% over the month.
First Horizon Corporation (FHN) has around 7155 employees, a market worth around $9.76B and $4.93B in sales. Current P/E ratio is 13.42 and Fwd P/E is 10.31. Profit margin for the company is 15.56%. Distance from 52-week low is 36.36% and -14.26% from its 52-week high. The company has generated returns on investments over the last 12 months (7.35%).
with sales reaching $833.43M over the same period.The EPS is expected to grow by 9.74% this year, but quarterly earnings will post 1.58% year-over-year. Quarterly sales are estimated to grow 1.76% in year-over-year returns.
First Horizon Corporation (FHN) Top Institutional Holders
The shares outstanding are 507.32M, and float is at 500.23M with Short Float at 2.78%.
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 11.3796% 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 10.3537 of the shares outstanding. The other top investors are BANK OF NEW YORK MELLON CORP which holds 32.39 million shares representing 5.9542% 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
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).
