The First Horizon National Corporation (NYSE:FHN) is going down by -1.76% in today’s trading session, a fall equivalent to -0.28% of the stock’s price from yesterday’s market close. A news came out on 11/13/19 stating that First Horizon Named One of America’s Most JUST Companies by Forbes and JUST Capital by WSJ. The lowest point that the shares touched during the trading session was $15.94, while the peak of the day was recorded at a share price of $16.29. FHN finished the previous session at $15.94 according to the data provided by Barchart, while the trading volume was observed to be $1054738.
In the 100 days of trading, FHN managed to top a 16.04% Moving average. Additionally, First Horizon National Corporation shares have achieved a 52-week range between 12.30 and 17.42 alongside 100 days raw stochastic set at 20.09%.
The number of shares outstanding, according to the fundamentals of the company, is set at 311.37M, equal to the value of $4.96B in market capitalization. In the last 30 days, First Horizon National Corporation shares went down by -10.16%, adding 17.42 to growth in value, on top of a +0.32% boost since 11/01/19.
First Horizon National Corporation (NYSE:FHN) Analyst’s Estimates
First Horizon National Corporation (FHN) could record at least $0.42 per share in quarterly earnings in the upcoming report on 01/17/2020, a number that would actually represent an increase of 1.64 YOY.
According to the average analyst rating, First Horizon National Corporation would be rated as Overweight. Out of 15 different analysts monitoring FHN stock, 8 analysts rate the stock as a BUY, 5 suggest to give the rating of HOLD, 2 indicate that FHN is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On November 05, 2019, the stock earned a Upgrade rating due to a new analyst call from BofA/Merrill, while analysts from Keefe Bruyette believe that the stock is set at Mkt Perform from Outperform, as concluded on October 17, 2019. Raymond James, is still rather wary about the stock, deciding to keep the rating at Outperform as confirmed through a call on August 29, 2019.
Regardless of the rating, UBS did increase their price from $15 to $19 as they are considering target share price analysis. BofA/Merrill, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on July 16, 2019, giving the stock a Neutral from the Underperform rating.
FHN Key Ratios To Watch:
Taking in account the profitability of the Company, the operating margin has been recorded at +31.57. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 1.32%. Beta value of the stock is recorded at 1.29. Additionally, First Horizon National Corporation is recording price volatility of 1.35% for the period of the last seven days and 1.67% in the last 30 days.
First Horizon National Corporation (NYSE:FHN) Technical Outlook
For the period of the last 50 days, First Horizon National Corporation had its Raw Stochastic average set at 17.29% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 2.75%. Stochastic %K for First Horizon National Corporation, with the last 20 days included, was set at 11.73%, having Stochastic %D topping 16.64%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for First Horizon National Corporation stocks with recording 21.12% in metrics.
First Horizon National Corporation Insider Watch:
Similarly, 91.64% of the company’s float is held by institutions – and there are 416 institutions in total holding shares of this company. The top three institutional holders of FHN stocks are: Vanguard Group, Inc. (The) with ownership of $502.58 million, which is approximately 31023658 of the company’s shares; Blackrock Inc., holding 30417422 shares of the stock with an approximate value of $492.76 million; and FMR, LLC, currently with more than 20027520 shares of the company valued at $324.45 million. Positions in First Horizon National Corporation stocks held by institutional investors has been changing actively in the past six months, a period during which there were 11 insider purchases amounting to 549805 shares. Similarly, there were 7 sale transactions amounting to 308902 shares, with the net shares purchased during the last six months reaching 240,903.