Today, the EVP & CRO of First Horizon (NYSE: FHN), Yousef Valine, bought shares of FHN for $48.87K.
This is Valine’s first Buy trade following 4 Sell transactions. Following this transaction Yousef Valine’s holding in the company was increased by 1.64% to a total of $2.97 million.
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Based on First Horizon’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $743 million and quarterly net profit of $272 million. In comparison, last year the company earned revenue of $375 million and had a net profit of $68.89 million. FHN’s market cap is $5.17B and the company has a P/E ratio of 13.87. Currently, First Horizon has an average volume of 2.94M.
Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $19.67, reflecting a 21.9% upside. Four different firms, including Barclays and J.P. Morgan, currently also have a Buy rating on the stock.
The insider sentiment on First Horizon has been positive according to 49 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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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.
