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After finishing at $19.29 in the prior trading day, First Horizon Corporation (NYSE: FHN) closed at $19.66, up 1.92%. In other words, the price has increased by $1.92 from its previous closing price. On the day, 4.13 million shares were traded. FHN stock price reached its highest trading level at $19.69 during the session, while it also had its lowest trading level at $19.415.
Ratios:
Our goal is to gain a better understanding of FHN by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.56 whereas as Long-Term Debt/Eq ratio is at 0.17.
On September 24, 2024, Wedbush Downgraded its rating to Neutral which previously was Outperform and also lowered its target price recommendation from $20 to $17.
Raymond James Downgraded its Strong Buy to Outperform on July 18, 2024, while the target price for the stock was maintained at $18.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 20 ’25 when BARTON HARRY V JR bought 1,200 shares for $22.12 per share.
JORDAN D BRYAN sold 109,980 shares of FHN for $2,323,651 on Jan 22 ’25. The Chairman, President & CEO now owns 1,861,381 shares after completing the transaction at $21.13 per share. On Jan 22 ’25, another insider, JORDAN D BRYAN, who serves as the Officer of the company, bought 109,980 shares for $21.13 each.
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 10108346368 and an Enterprise Value of 11584993280. As of this moment, First’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.50, and their Forward P/E ratio for the next fiscal year is 10.31. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.02 while its Price-to-Book (P/B) ratio in mrq is 1.23. Its current Enterprise Value per Revenue stands at 3.811.
Stock Price History:
The Beta on a monthly basis for FHN is 0.62, which has changed by 0.32927656 over the last 52 weeks, in comparison to a change of 0.10838497 over the same period for the S&P500. Over the past 52 weeks, FHN has reached a high of $22.44, while it has fallen to a 52-week low of $13.72. The 50-Day Moving Average of the stock is -5.11%, while the 200-Day Moving Average is calculated to be 8.90%.
Shares Statistics:
The stock has traded on average 6.13M shares per day over the past 3-months and 6888100 shares per day over the last 10 days, according to various share statistics. A total of 524.28M shares are outstanding, with a floating share count of 507.33M. Insiders hold about 1.33% of the company’s shares, while institutions hold 86.51% stake in the company. Shares short for FHN as of 1740700800 were 10991487 with a Short Ratio of 1.79, compared to 1738281600 on 10170726. Therefore, it implies a Short% of Shares Outstanding of 10991487 and a Short% of Float of 2.73.
Dividends & Splits
In the trailing 12 months, FHN’s forward annual dividend rate was 0.6, compared to 0.60 this year. Against a Trailing Annual Dividend Yield of 0.0311042The stock’s 5-year Average Dividend Yield is 3.94. The current Payout Ratio is 44.25% for FHN, which recently paid a dividend on 2025-03-14 with an ex-dividend date of 1741910400. Stock splits for the company last occurred on 2009-09-09 when the company split stock in a 10159:10000 ratio.
