Research note coverage of First Horizon was initially published by investment analysts working for StockNews.com on Thursday, making it the first day of its publication.
The brokerage firm regarding the financial services company’s stock issued a “sell” recommendation.
The NYSE: FHN stock began trading for the first time on Thursday for $15.68 per share.
The moving averages for the company over the past 50 days and the last 200 days come in at $23.80 and $23.89, respectively.
The company currently has a price-to-earnings ratio of 10.25, and its market capitalization currently stands at $8.43 billion. 2.07 is the value of the PEG ratio, and 0.93 is the value of the beta. First Horizon has seen a low point over the past 52 weeks of $13.40, while the company has seen a high point over the past 52 weeks of $24.92.
The debt-to-equity ratio is 0.21, the quick ratio is 0.93, and the current ratio is 0.94.
All three ratios are very similar to one another.
The financial report for First Horizon, publicly traded on the New York Stock Exchange (NYSE) under the symbol FHN, was made available on January 18.
The company that provides financial services had a licl for the quarter that came in at $0.51, which was $0.01 more than the average prediction made by analysts in the relevant industry.
The revenue for the company’s most recent fiscal quarter came in at $882 million, less than the $883.23 million market analysts forecasted.
The return on equity for First Horizon came in at 12.98%, while the company’s netting margin was at 25.66%.
The company reported $0.48 per share for the same period as the previous year. Sell-side analysts anticipate First Horizon to generate $1.89 per share earnings for the current fiscal year. First Horizon provided these earnings estimates.
In related news, Executive Vice President Terry Lawson Akins sold 4,694 shares of First Horizon stock on February 2.
This is further news.
The number of shares traded had a total value of $115,800.98, with the average price per share coming in at $24.67.
This resulted in the accumulation of cash.
Because of this transaction, the company’s executive vice president now directly owns 145,691 shares of the company’s stock.
The total value of these shares is approximately $3,594,196.97. On the Securities and Exchange Commission website, the disclosure document that included the information about the transaction can be accessed at any time.
D.
Bryan Jordan, president, and chief executive officer of First Horizon, INC, sold 93,157 shares of the company’s stock on Friday, February 24, according to information provided by First Horizon, INC The stock sale resulted in total revenue of $2,310,293.60, with the average price at which each share was sold being $24.80.
As a result of the transaction, the Chief Executive Officer acquired 1,396,259 company shares, with an approximate value of $34,627,223.20.
After clicking on this link, you will be taken to the SEC filing, where the transaction was described in greater detail.
Additionally, on February 2, Terry Lawson Akins, Executive Vice President of First Horizon, sold 4,694 shares.
The price of each share was set at an average of $24.67, which resulted in a total sale volume of 115,800.98 dollars and brought in revenue.
As a direct consequence of the transaction, the executive vice president now directly owns 145,691 shares of the company.
The current market price for these shares is approximately $3,594,196.97.
Disclosures related to the sale might be found in this website section.
The current ownership percentage of company insiders is 1.55 percent of the total company stock.
There has been a lot of activity in the market from hedge funds and other institutional investors.
They have been buying and selling shares of the company.
During the third quarter, HBK Source Advisory LLC invested approximately $26,000 to purchase a new stake in First Horizon.
During the year’s final three months, McElhenny Sheffield Capital Management LLC purchased a new position in First Horizon for close to $30,000 in total. FWL Investment Management LLC made a new investment in First Horizon in 2018, specifically during the third, fourth, and final months.
The total cost of the investment was approximately $39,000.
During the third quarter, Cubist Systematic Strategies LLC established a new investment in First Horizon for approximately $39,000.
Last but not least, during the final three months of 2018, Concord Wealth Partners increased the value of their portfolio by nearly $40,000 by purchasing an additional quantity of First Horizon shares.
Institutional investors and hedge funds own 77.41% of the total number of shares in the company, making up the majority of the shareholders.
First Horizon Corp. (Tennessee) is a financial holding company that provides individuals and businesses with checking accounts, savings products, mortgage banking, lending, and various financing options.
Both private individuals and commercial enterprises can make use of these services.
The company operates under the auspices of three distinct business divisions: regional banking, specialty banking, and corporate banking.