First Horizon Corporation [NYSE: FHN] loss -0.48% or -0.11 points to close at $22.81 with a heavy trading volume of 4848956 shares. The company report on April 26, 2022 that First Horizon Declares Cash Dividends on Common and Preferred Stock.
First Horizon Corporation (NYSE: FHN or the “Company”) today announced that its board of directors has declared a quarterly common stock dividend of $0.15 per share. The dividend is payable on July 1, 2022 to shareholders of record at the close of business on June 10, 2022.
It opened the trading session at $22.87, the shares rose to $22.955 and dropped to $22.775, the range by which the price of stock traded the whole day. The daily chart for FHN points out that the company has recorded 34.41% gains over the past six months. However, it is still -55.49% lower than its most recent low trading price.
If we look at the average trading volume of 10.06M shares, FHN reached to a volume of 4848956 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about First Horizon Corporation [FHN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FHN shares is $24.44 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FHN stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wedbush have made an estimate for First Horizon Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 23, 2022. While these analysts kept the previous recommendation, Raymond James dropped their target price from $20 to $19. The new note on the price target was released on October 07, 2021, representing the official price target for First Horizon Corporation stock. Previously, the target price had yet another drop from $20 to $17, while UBS kept a Neutral rating on FHN stock.
The Average True Range (ATR) for First Horizon Corporation is set at 0.20, with the Price to Sales ratio for FHN stock in the period of the last 12 months amounting to 5.81. The Price to Book ratio for the last quarter was 1.60, with the Price to Cash per share for the same quarter was set at 33.92. Price to Free Cash Flow for FHN in the course of the last twelve months was 20.20.
Trading performance analysis for FHN stock
First Horizon Corporation [FHN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.02. With this latest performance, FHN shares dropped by -2.52% in over the last four-week period, additionally plugging by 34.41% over the last 6 months – not to mention a rise of 24.44% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FHN stock in for the last two-week period is set at 47.08, with the RSI for the last a single of trading hit 36.06, and the three-weeks RSI is set at 54.49 for First Horizon Corporation [FHN]. The present Moving Average for the last 50 days of trading for this stock 22.33, while it was recorded at 22.95 for the last single week of trading, and 18.00 for the last 200 days.
First Horizon Corporation [FHN]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and First Horizon Corporation [FHN] shares currently have an operating margin of +42.46. First Horizon Corporation’s Net Margin is presently recorded at +30.85.
Return on Equity for this stock inclined to 12.32, with Return on Assets sitting at 1.15.
First Horizon Corporation [FHN]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FHN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for First Horizon Corporation go to 9.50%.
An analysis of insider ownership at First Horizon Corporation [FHN]
There are presently around $10,051 million, or 81.40% of FHN stock, in the hands of institutional investors. The top three institutional holders of FHN stocks are: BLACKROCK INC. with ownership of 61,543,301, which is approximately 3.837% of the company’s market cap and around 0.90% of the total institutional ownership; VANGUARD GROUP INC, holding 57,729,147 shares of the stock with an approximate value of $1.32 billion in FHN stocks shares; and STATE STREET CORP, currently with $521.51 million in FHN stock with ownership of nearly -2.239% of the company’s market capitalization.
Positions in First Horizon Corporation stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 247 institutional holders increased their position in First Horizon Corporation [NYSE:FHN] by around 33,491,688 shares. Additionally, 242 investors decreased positions by around 39,687,665 shares, while 99 investors held positions by with 365,351,889 shares. The mentioned changes placed institutional holdings at 438,531,242 shares, according to the latest SEC report filing. FHN stock had 87 new institutional investments in for a total of 19,722,114 shares, while 47 institutional investors sold positions of 4,223,925 shares during the same period.