In a report released yesterday, Tyler Stafford from Stephens assigned a Hold rating to First Horizon (FHN), with a price target of $15. The company’s shares closed yesterday at $14.67.
According to TipRanks.com, Stafford is a 4-star analyst with an average return of 5.5% and a 54.5% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Pacific Premier Bancorp Inc.
Currently, the analyst consensus on First Horizon is a Hold with an average price target of $17.44, implying a 18.9% upside from current levels. In a report issued on January 22, RBC Capital also maintained a Hold rating on the stock with a $16 price target.
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Based on First Horizon’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $97.9 million. In comparison, last year the company had a GAAP net loss of $51.29 million.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FHN in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
First Horizon National Corp. operates as a financial holding company, which offers checking accounts, savings products, mortgage banking, lending, and financing to individuals and businesses. It operates the business through four segments: Regional Banking, Fixed Income, Corporate, and Non-strategic.
