Market Watch Highlights: First Horizon Corporation (FHN) Ends on an Downturn Note at 15.11

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As of close of business last night, First Horizon Corporation’s stock clocked out at $15.11, down -0.85% from its previous closing price of $15.24. In other words, the price has decreased by -$0.85 from its previous closing price. On the day, 5.75 million shares were traded. FHN stock price reached its highest trading level at $15.415 during the session, while it also had its lowest trading level at $15.065.


To gain a deeper understanding of FHN’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.44 whereas as Long-Term Debt/Eq ratio is at 0.13.

On April 09, 2024, RBC Capital Mkts Upgraded its rating to Outperform which previously was Sector Perform and also upped its target price recommendation from $16 to $18.

Keefe Bruyette Upgraded its Mkt Perform to Outperform on April 05, 2024, whereas the target price for the stock was revised from $16 to $18.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FHN now has a Market Capitalization of 8263174656 and an Enterprise Value of 8500170752. As of this moment, First’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.50, and their Forward P/E ratio for the next fiscal year is 9.18. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.10. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.67 while its Price-to-Book (P/B) ratio in mrq is 0.99. Its current Enterprise Value per Revenue stands at 2.889.

Stock Price History:

The Beta on a monthly basis for FHN is 0.90, which has changed by 0.23246324 over the last 52 weeks, in comparison to a change of 0.2553556 over the same period for the S&P500. Over the past 52 weeks, FHN has reached a high of $16.28, while it has fallen to a 52-week low of $10.08. The 50-Day Moving Average of the stock is -1.64%, while the 200-Day Moving Average is calculated to be 9.87%.

Shares Statistics:

It appears that FHN traded 6.36M shares on average per day over the past three months and 6968260 shares per day over the past ten days. A total of 558.84M shares are outstanding, with a floating share count of 539.56M. Insiders hold about 1.34% of the company’s shares, while institutions hold 82.12% stake in the company. Shares short for FHN as of 1718323200 were 10558674 with a Short Ratio of 1.66, compared to 1715731200 on 16543319. Therefore, it implies a Short% of Shares Outstanding of 10558674 and a Short% of Float of 2.4699999999999998.

Dividends & Splits

With its trailing 12-month dividend rate of 0.6, FHN has a forward annual dividend rate of 0.60. Against a Trailing Annual Dividend Yield of 0.039370082The stock’s 5-year Average Dividend Yield is 3.97. The current Payout Ratio is 38.96% for FHN, which recently paid a dividend on 2024-06-14 with an ex-dividend date of 1718323200. Stock splits for the company last occurred on 2009-09-09 when the company split stock in a 10159:10000 ratio.

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