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Sunday, December 3, 2023

It’s Not Over Yet 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 broken, with the stock’s consolidated last price falling by -$0.02, or -0.17%, to $11.84. The First Horizon Corporation has recorded 104,093 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Amanda West Honored by American Bankers Association with Inaugural Emerging Leader Award.

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Stocks Info

First Horizon Corporation is listed on the NYSE as a member of the Financial sector and is a part of the Banks – Regional industry. At the end of the last regular session, the stock closed at $11.86 and fluctuated between $12.05 as its day high and $11.67 as its day low. The current market capitalization of First Horizon Corporation is $6.63B. A total of 9.87 million shares were traded on the day, compared to an average of 6.58M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, FHN has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 53 BUYs and 33 SELLs from insiders. Insiders purchased 1,302,911 shares during that period but sold 554,599.

In the most recent transaction, FENSTERMAKER WILLIAM H bought 10,000 shares of FHN for 11.62 per share on Jun 07. After the transaction, the Director now owns 256,312 company shares. In a previous transaction on May 19, PALMER VICKI R bought 2,000 shares at 11.02 per share. FHN shares that Director owns now total 95,650.

Among the insiders who bought shares, FENSTERMAKER WILLIAM H acquired of 2,950 shares on May 12 at a per-share price of $9.56. This resulted in the Director holding 246,312 shares of FHN after the transaction. In another insider transaction, Sugranes Rosa bought 1,948 shares at $10.22 per share on May 10. Company shares held by the Director now total 47,089.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. First Horizon Corporation pays an annual dividend of $0.60, resulting in a dividend yield of 5.07%, and it has a price to earnings (P/E) ratio of 7.10. FHN’s most recent ex-dividend date was 12/14/2023 when it declared a $0.15 quarterly dividend that was paid in cash on 1/2/2024. Previously, the company paid the dividend on 10/2/2023 with an ex-dividend date of 9/14/2023. The FHN stock dividend was $0.15 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for FHN in the last 3 months, the mean price target is $12.84 with high estimates of $14.00 and low estimates of $11.50. 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 $0.3 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $0.33 per share and a lower estimate of $0.28. The company reported an EPS of $0.39 in the last quarter, which was -2.50% lower than expectations of $0.4.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $14.27, while its Total Shareholder’s Equity was $8.49B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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 3.69.

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