Today, the President-Banking of First Horizon (NYSE: FHN), David Popwell, bought shares of FHN for $250K.
This recent transaction increases David Popwell’s holding in the company by 5.83% to a total of $4.7 million. Following David Popwell’s last FHN Buy transaction on September 07, 2016, the stock climbed by 1.1%.
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Based on First Horizon’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $655 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 $5.07B and the company has a P/E ratio of 26.02. Currently, First Horizon has an average volume of 7.62M.
Based on 11 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $20.00, reflecting a 23.9% upside. Eight 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 48 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.
