After Hours
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. Earlier, Yahoo Finance discussed this stock as it revealed First Horizon Corporation Reports Full Year 2023 Net Income Available to Common Shareholders of $865 Million or EPS of $1.54; $806 Million or $1.43 on an Adjusted Basis*.
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Stocks Info
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 $14.08 and fluctuated between $14.20 as its day high and $13.82 as its day low. The current market capitalization of First Horizon Corporation is $7.87B. A total of 10.31 million shares were traded on the day, compared to an average of 8.81M shares.
Insider Activity
Insider trades can also provide insight into a stock’s future direction. During the recent three months, FHN has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 9,369 and the disposition of 0 shares. Over the last 12 months, there were 45 BUYs and 20 SELLs from insiders. Insiders purchased 1,126,415 shares during that period but sold 364,938.
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.
Dividend
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 $0.61, resulting in a dividend yield of 4.32%, and it has a price to earnings (P/E) ratio of 9.20. 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.
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 $16.00 with high estimates of $17.00 and low estimates of $14.00. In terms of 52-week highs and lows, FHN has a high of $24.90 and a low of $8.99.
As of this writing, FHN has an earnings estimate of $Fabrinet per share for the current quarter. EPS was calculated based on a consensus of First Horizon Corporation estimates, with a high estimate of $First Trust DJ Internet Index F per share and a lower estimate of $Cedar Fair, L.P.
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. Its Book Value Per Share was $15.16, while its Total Shareholder’s Equity was $8.49B.
Analysts Opinion
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, 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 3.77.
