In yesterday’s Wall Street session, First Horizon Corporation (NYSE:FHN) shares traded at $14.79, down -0.20% from the previous session.
FHN stock price is now 3.27% away from the 50-day moving average and 15.86% away from the 200-day moving average. The market capitalization of the company currently stands at $8.21B.
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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 $3.79 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 $1.41 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 $14.34 and a two-hundred day moving average price translates $12.78 for the stock.
The latest earnings results from First Horizon Corporation (NYSE: FHN) was released for Dec, 2023. According to the Banks – Regional Company, earnings per share came in at $0.32, beating analysts’ expectations of $0.3 by 0.02. This compares to $0.45 EPS in the same period last year. 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. For the current quarter, analysts expect FHN to generate $808.38M in revenue.
