Stephens analyst Tyler Stafford maintained a Hold rating on First Horizon (NYSE: FHN) today and set a price target of $18.50. The company’s shares opened today at $15.79, close to its 52-week low of $15.16.
According to TipRanks.com, Stafford is a 4-star analyst with an average return of 10.4% and a 56.5% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Pacific Premier Bancorp Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for First Horizon with a $20.33 average price target.
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Based on First Horizon’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $83.14 million. In comparison, last year the company had a net profit of $68.89 million.
Based on the recent corporate insider activity of 48 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.
