First Horizon Co. (NYSE:FHN) Chairman Daryl G. Byrd sold 90,883 shares of the company’s stock in a transaction on Thursday, January 7th. The shares were sold at an average price of $15.03, for a total transaction of $1,365,971.49. Following the completion of the transaction, the chairman now owns 1,524,021 shares in the company, valued at $22,906,035.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

FHN opened at $14.90 on Thursday. First Horizon Co. has a twelve month low of $6.27 and a twelve month high of $17.40. The company has a 50-day simple moving average of $13.10 and a 200 day simple moving average of $10.77. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $8.27 billion, a price-to-earnings ratio of 9.74 and a beta of 1.54.

First Horizon (NYSE:FHN) last posted its quarterly earnings data on Friday, October 23rd. The financial services provider reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.18. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $853.23 million. First Horizon had a net margin of 23.18% and a return on equity of 7.78%. During the same quarter in the prior year, the business posted $0.43 earnings per share. Sell-side analysts anticipate that First Horizon Co. will post 0.94 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, January 4th. Stockholders of record on Friday, December 11th were issued a $0.15 dividend. The ex-dividend date was Thursday, December 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.03%. First Horizon’s dividend payout ratio (DPR) is currently 36.14%.

Several research firms have commented on FHN. Morgan Stanley upped their price objective on shares of First Horizon from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Thursday, January 7th. Raymond James upped their price objective on shares of First Horizon from $13.00 to $17.00 and gave the company a “strong-buy” rating in a report on Thursday, January 7th. Zacks Investment Research upgraded shares of First Horizon from a “hold” rating to a “strong-buy” rating and set a $15.00 price objective on the stock in a report on Tuesday, December 29th. Jefferies Financial Group upgraded shares of First Horizon from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Thursday, October 8th. Finally, TheStreet upgraded shares of First Horizon from a “c+” rating to a “b-” rating in a research note on Thursday, November 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. First Horizon presently has a consensus rating of “Buy” and an average target price of $13.15.

Several hedge funds have recently bought and sold shares of FHN. Lindbrook Capital LLC lifted its holdings in shares of First Horizon by 550.5% in the third quarter. Lindbrook Capital LLC now owns 2,771 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 2,345 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in First Horizon by 226.4% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 5,275 shares of the financial services provider’s stock valued at $50,000 after buying an additional 3,659 shares during the last quarter. CI Investments Inc. bought a new position in First Horizon in the 3rd quarter valued at approximately $54,000. Berman Capital Advisors LLC raised its holdings in First Horizon by 111.3% in the 3rd quarter. Berman Capital Advisors LLC now owns 6,396 shares of the financial services provider’s stock valued at $60,000 after buying an additional 3,369 shares during the last quarter. Finally, Bollard Group LLC bought a new position in First Horizon in the 3rd quarter valued at approximately $60,000.

First Horizon Company Profile

First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. The company operates through four segments: Regional Banking, Fixed Income, Corporate, and Non-Strategic. It offers general banking services for consumers, businesses, financial institutions, and governments.

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Insider Buying and Selling by Quarter for First Horizon (NYSE:FHN)

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