First Horizon Corporation (NYSE:FHN) shares traded 1.01% higher at $15.95 on Wall Street last session.
FHN stock price is now 6.71% away from the 50-day moving average and 20.26% away from the 200-day moving average. The market capitalization of the company currently stands at $8.72B.
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With the price target enhanced from $16 to $18, RBC Capital Mkts Upgraded its rating from Sector Perform to Outperform for First Horizon Corporation (NYSE: FHN). On April 05, 2024, Keefe Bruyette Upgraded its previous ‘Mkt Perform’ rating to ‘Outperform’ on the stock increasing its target price from $16 to quote $18, while ‘Barclays’ rates the stock as ‘Overweight’
In other news, FENSTERMAKER WILLIAM H, Director bought 10,000 shares of the company’s stock on Jun 07 ’23. The stock was bought for $116,196 at an average price of $11.62. Upon completion of the transaction, the Director now directly owns 256,312 shares in the company, valued at $4.09 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 19 ’23, Director PALMER VICKI R bought 2,000 shares of the business’s stock. A total of $22,041 was incurred on buying the stock at an average price of $11.02. This leaves the insider owning 95,650 shares of the company worth $1.53 million. A total of 1.42% of the company’s stock is owned by insiders.
During the past 12 months, First Horizon Corporation has had a low of $9.71 and a high of $16.06.
The net profit margin was 16.29% and return on equity was 9.59% for FHN. The company reported revenue of $1.07 billion for the quarter, compared to $920.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.63 percent.
