There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for First Horizon Corporation (FHN) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.04, or -0.19%, to $20.89. The First Horizon Corporation has recorded 102,929 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Mindgruve Unveils New Website for First Horizon Bank.
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This NYSE-listed company operates within the Banks – Regional industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $20.93 and fluctuated between $21.57 as its day high and $20.84 as its day low. The current market capitalization of First Horizon Corporation is $11.44B. A total of 7.4 million shares were traded on the day, compared to an average of 5.31M shares.
Insider trades can also provide insight into a stock’s future direction. During the recent three months, FHN has seen 10 BUY and 4 SELL insider trades, representing the acquisition of 203,865 and the disposition of 18,490 shares. Over the last 12 months, there were 84 BUYs and 68 SELLs from insiders. Insiders purchased 1,541,029 shares during that period but sold 1,083,849.
In the most recent transaction, JORDAN D BRYAN sold 93,157 shares of FHN for 24.80 per share on Feb 24. After the transaction, the Chairman, President & CEO now owns 1,396,259 company shares. In a previous transaction on Feb 02, AKINS TERRY LAWSON sold 4,694 shares at 24.67 per share. FHN shares that Sr. EVP, Chief Risk Officer owns now total 145,691.
Among the insiders who sold shares, POPWELL DAVID T disposed of 139,637 shares on Nov 30 at a per-share price of $24.75. This resulted in the President-Specialty Banking holding 527,091 shares of FHN after the transaction. In another insider transaction, LoCascio Tammy sold 36,228 shares at $24.34 per share on Nov 09. Company shares held by the SEVP, Chief Operating Officer now total 169,290.
The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. First Horizon Corporation pays an annual dividend of $0.60, resulting in a dividend yield of 2.87%, and it has a price to earnings (P/E) ratio of 13.66. FHN’s most recent ex-dividend date was 3/16/2023 when it declared a $0.15 quarterly dividend that was paid in cash on 4/3/2023. Previously, the company paid the dividend on 1/3/2023 with an ex-dividend date of 12/15/2022. The FHN stock dividend was $0.15 per share in cash.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for FHN in the last 3 months, the mean price target is $24.86 with high estimates of $25.00 and low estimates of $24.00. In terms of 52-week highs and lows, FHN has a high of $24.92 and a low of $20.48.
As of this writing, FHN has an earnings estimate of $0.5 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.51 per share and a lower estimate of $0.49. The company reported an EPS of $0.44 in the last quarter, which was 2.30% higher than expectations of $0.43.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 8 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FHN is Overweight with a score of 3.67. A total of 1 analysts rated the stock as Buy while 0 rated it as Overweight while 7 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.