First Horizon Gets a Hold Rating from Stephens

Stephens analyst Tyler Stafford assigned a Hold rating to First Horizon (NYSE: FHN) today and set a price target of $20.50. The company’s shares opened today at $18.86.

According to TipRanks.com, Stafford is a 5-star analyst with an average return of 20.3% and a 86.5% success rate. Stafford covers the Financial sector, focusing on stocks such as State Bank Financial Corporation, Carolina Financial Corporation, and Pacific Premier Bancorp Inc.

First Horizon has an analyst consensus of Moderate Buy, with a price target consensus of $22.65.

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Based on First Horizon’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $92.17 million. In comparison, last year the company had a net profit of $55.57 million.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2018, Michael Kisber, the President-FTN Financial of FHN sold 160,000 shares for a total of $3,200,000.

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.