Geometry Dash APK Hill Climb Racing APK
15.6 F
New York
Friday, January 21, 2022

First Horizon National Corporation (FHN) is Gaining Momentum on Earnings Catalyst

Must read

Bombardier, Inc. (OTCMKTS:BDRBF) Continues to Gain Momentum and Strength

Many stocks have managed to record significant gains in recent months and one that often flies under the radar is Bombardier,...

Grayscale Bitcoin Trust (Btc) (GBTC) Makes Big Move As Bitcoin Goes Wild

Bitcoin, the world’s biggest cryptocurrency by market cap, has been in the middle of a remarkable rally for the past few months...

Voyager Digital Ltd (OTCMKTS:VYGVF) Hits All-Time High on Download News

The remarkable rally enjoyed by several crypto assets over the course of the past months has also resulted in an increased demand...

Solar Integrated Roofing Corp (OTCMKTS:SIRC) Surges Higher On Sector Strength

The Solar Integrated Roofing Corp (OTCMKTS:SIRC) stock has come into sharp focus among investors and on Wednesday, the stock made significant gains...

Many stocks have been testing new highs in 2020, and one of the most notable is First Horizon National Corporation (FHN). Currently, FHN is trading at $12.09 and the avg recommendation for the stock is Strong Buy. while the current analyst price target stands at $11.21.

To add more color to this target, the company’s high over the last year is $17.42 and the low is $6.27. Over the last 52 weeks, FHN is down -30.60% while the S&P 500 is up 1.21%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, FHN reported a profit of $302.8 million. First Horizon National Corporation also saw revenues increase to $378.37 million. In addition, FHN has free cash flow of -$1.41 billion as of 03-2020.

FHN booked profit margins of 21.70%, its Return on Equity (ROE) is 7.50%, and its Return on Assets is 0.80%. All told, it is clear that, FHN needs to be on your watchlist.

About First Horizon National Corporation

If readers are unfamiliar, First Horizon National Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. It operates through four segments: Regional Banking, Fixed Income, Corporate, and Non-Strategic. The company offers general banking services for consumers, businesses, financial institutions, and governments. It is also involved in the underwriting of bank-eligible securities and other fixed-income securities eligible for underwriting by financial subsidiaries; loan sales; derivative sales; and provision of advisory services. In addition, the company offers brokerage services; correspondent banking services; transaction processing services comprising nationwide check clearing and remittance processing; trust, fiduciary, and agency services; credit card products; equipment finance; investment and financial advisory services; and wealth management services. Further, it engages in mutual fund and retail insurance sales, as well as provides mortgage banking services. As of January 17, 2020, the company operated approximately 270 branches under the First Horizon Bank brand in the Southeast United States; and 29 offices in 18 states across the United States under the FHN Financial brand. The company was founded in 1864 and is headquartered in Memphis, Tennessee.

Find out when FHN reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. FHN has a short ratio of 6.90 and outstanding shares of 311.60M.

Company Outlook

FHN has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 7.88 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 1.11. Investors should also keep an eye on sector updates as FHN has historically followed its peers on positive news.

All told, First Horizon National Corporation FHN has strung together solid data and demonstrated underlying fundamentals. At its current valuation, FHN represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

First Horizon National Corporation FHN is now commanding a market cap of 3.77B and a float of 307.27M. FHN is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of FHN stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in FHN, either long or short, and we have not been compensated for this article.

Latest article

iQSTEL Inc (OTCMKTS:IQST) Stock Makes a Big Move: Jumps 45% In a Week

In the past week, iQSTEL Inc (OTCMKTS: IQST) has emerged as a point of focus among a large number of investors and...

HUMBL Inc (OTCMKTS:HMBL) Stock Sees Big Bounce After Recent Slump

Since the beginning of 2021, HUMBL Inc (OTCMKTS:HMBL) had been one of the major movers from among penny stocks and had come into...

Dividend Stocks to Buy Now

A classic mistake that investors make when looking for dividend stocks is to just go for the biggest dividend yield. It makes...

88 Energy Ltd (OTCMKTS:EEENF) Stock Surges 40% But Can’t Hold Gains

The oil and gas company 88 Energy Ltd (OTCMKTS:EEENF) seems to have come back on to the radars of investors over the...

Net Savings Link Inc (OTCMKTS:NSAV) Stock is Getting Pummeled Again

Nowadays there are plenty of options for investors when it comes to making investments in the cryptocurrency and...
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet.
SmsVerifyer.com Affordable best sms verification service