First Horizon Corporation (NYSE:FHN) shares traded 1.87% higher at $15.22 on Wall Street last session.
FHN stock price is now 6.78% away from the 50-day moving average and 19.96% away from the 200-day moving average. The market capitalization of the company currently stands at $8.51B.
With the price target of $18, Barclays recently initiated with Overweight rating for First Horizon Corporation (NYSE: FHN). On January 24, 2024, UBS Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $15.50 to quote $16, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, FENSTERMAKER WILLIAM H, Director bought 10,000 shares of the company’s stock on Jun 07 ’23. The stock was bought for $116,196 at an average price of $11.62. Upon completion of the transaction, the Director now directly owns 256,312 shares in the company, valued at $3.9 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 19 ’23, Director PALMER VICKI R bought 2,000 shares of the business’s stock. A total of $22,041 was incurred on buying the stock at an average price of $11.02. This leaves the insider owning 95,650 shares of the company worth $1.46 million. A total of 1.60% of the company’s stock is owned by insiders.
During the past 12 months, First Horizon Corporation has had a low of $8.99 and a high of $18.99. The fifty day moving average price for FHN is $14.27 and a two-hundred day moving average price translates $12.71 for the stock.
The latest earnings results from First Horizon Corporation (NYSE: FHN) was released for Dec, 2023. The net profit margin was 18.11% and return on equity was 10.40% for FHN. The company reported revenue of $1.08 billion for the quarter, compared to $857.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 26.6 percent.
