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Saturday, June 3, 2023

Are Things Looking Up For First Horizon Corporation (NYSE: FHN)?

After Hours

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. After-hours trades for First Horizon Corporation (FHN) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.01, or 0.09%, to $11.25. The First Horizon Corporation has recorded 862,235 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted First Horizon Earns Double Honor from Parity.Org.

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Stocks Info

The company is listed on the NYSE and operates within the Banks – Regional industry segment. At the end of the last regular session, the stock closed at $11.24 and fluctuated between $11.74 as its day high and $11.10 as its day low. The current market capitalization of First Horizon Corporation is $6.11B. A total of 15.01 million shares were traded on the day, compared to an average of 13.53M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, FHN has seen 18 BUY and 6 SELL insider trades, representing the acquisition of 281,330 and the disposition of 116,430 shares. Over the last 12 months, there were 72 BUYs and 66 SELLs from insiders. Insiders purchased 1,390,449 shares during that period but sold 1,128,820.

In the most recent transaction, PALMER VICKI R bought 2,000 shares of FHN for 11.02 per share on May 19. After the transaction, the Director now owns 95,650 company shares. In a previous transaction on May 12, FENSTERMAKER WILLIAM H bought 2,950 shares at 9.56 per share. FHN shares that Director owns now total 246,312.

Among the insiders who bought shares, Sugranes Rosa acquired of 1,948 shares on May 10 at a per-share price of $10.22. This resulted in the Director holding 47,089 shares of FHN after the transaction. In another insider transaction, REED COLIN V bought 25,138 shares at $9.96 per share on May 04. Company shares held by the Director now total 187,027.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. First Horizon Corporation pays an annual dividend of $0.60, resulting in a dividend yield of 5.34%, and it has a price to earnings (P/E) ratio of 6.95. FHN’s most recent ex-dividend date was 6/15/2023 when it declared a $0.15 quarterly dividend that was paid in cash on 7/3/2023. Previously, the company paid the dividend on 4/3/2023 with an ex-dividend date of 3/16/2023. The FHN stock dividend was $0.15 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for FHN in the last 3 months, the mean price target is $16.25 with high estimates of $25.00 and low estimates of $11.00. In terms of 52-week highs and lows, FHN has a high of $24.92 and a low of $8.99.

As of this writing, FHN has an earnings estimate of $0.46 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.5 per share and a lower estimate of $0.42. The company reported an EPS of $0.51 in the last quarter, which was 6.30% higher than expectations of $0.48.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $14.13, while its Total Shareholder’s Equity was $8.49B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 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 Buy with a score of 3.75.

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