First Horizon National Corporation (NYSE:FHN) Stock Valuation And Technical Analysis

Taking into account all relevant factors, First Horizon National Corporation (NYSE:FHN) scores 88% Buy on the technical side. The share price is also flashing a Sell from the Barchart TrendSpotter trading system. Investors starting out on a short-term path of investing should know that short terms indicators for FHN averaged 100% Buy with an average daily trading volume over the past 20 days at 3398726 shares. Those using medium-term investment strategies, the shares have overall a 1% Buy signal while the 50-day average daily volume remained almost 3701995 shares. It’s also important to note that the stock, whose average daily volume over the 100 days as of this piece was 3360513 shares, is signaling100% Buy for long term investors.

The stock is lingering around the initial support level of $16.03. After this, the following support is at the zone of $15.88. Up until the time the FHN stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 55.55 on the daily chart, and this may be a cause for concern. In case the price goes below $15.88 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $16.36 level may cause a pull-back move approaching $16.54 mark.

First Horizon National Corporation (FHN) is most likely going to rise 14.84 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $20 as 12-month high price target. This represents a whopping 21.14 percent increase from the current trading price of shares. The 52-week median price target given by the analysts is $19, which means a return possibility of 15.08 percent in comparison with the closing price of the stock of $16.51 in recent trading session. The lowest price set for the stock is $17 which is just above 2.97 percent from FHN share’s price at the end of session.

Let’s take a glimpse at some insider activity at First Horizon National Corporation (NYSE:FHN) and observe the pattern. The earliest insider trade happened on 11/05/2019. Valine Yousef A. parted with a total of 28.25 thousand shares of the firm at average share price of $17.12. The total amount for the sale was set at $483.62 thousand. On completing this exchange, the EVP, Chief Op. & Risk Officer account balance was 205.36 thousand shares. The stock lost -3.56 percent from that insider sale. On 08/08/2019, Valine Yousef A., EVP, Chief Op. & Risk Officer, did a sale of 38.82 thousand shares at a price of $16.03 per share. This got rid of 622.24 thousand shares from the insider’s fortune and the stock experienced a 2.99 percent rally in price since the news became public. This exchange saw 205.32 thousand shares get out from the EVP, Chief Op. & Risk Officer account. On 07/29/2019, EVP & Chief HR Officer Daniel John M recorded a sale transaction valued at $158.38 thousand. The sale at $16.39 a share has eliminated 9.66 thousand shares from the insider’s portfolio position. Meanwhile, shares price witnessed 0.73 percent increase since the transaction reporting date. The company insider is left with 257.55 thousand shares remaining in the account. POPWELL DAVID T, who works as President-Banking at the company, performed a sale of 53.78 thousand shares in a transaction worth $854.55 thousand. The disposal recorded on 07/22/2019 was priced at $15.89 per share. The stock price soared 3.9 percent since the transaction. POPWELL DAVID T currently holds a stake of 333.8 thousand in FHN stock which is worth $5.51 million after the insider selling.

In the recent trading session, First Horizon National Corporation (NYSE:FHN) shares gained 2.04% or 0.33 points to reach at $16.51 with a thin trading volume of 955.923 thousand shares. It opened the trading session at $16.27, the shares rose to $16.39 and dropped to $16.06, the range by which the price of stock traded the whole session. The company now has a market cap of $5.04 billion and currently has 311.37 million outstanding shares. First Horizon National Corporation (FHN) stock has plunged -1.16 percent of market value in 21 trading days.

Stock analysts at BofA/Merrill upped their rating on shares of First Horizon National Corporation (NYSE:FHN) from Neutral to a new rating of Buy in their opinion released on November 05. Keefe Bruyette analysts have downgraded their rating of FHN shares from Outperform to Mkt Perform in a separate flash note to investors on October 17. Analysts at Raymond James issued an upgrade for the stock to Outperform from previous rating of Mkt Perform, in a research note that dated back to August 29.

FHN stock’s trailing 3-year beta is 1.3, meaning there will be a greater rate of return, although posing a higher risk. The part of a firm’s profit given to each outstanding share of regular stock was $1.3 share in the trailing 52 weeks. The stock’s value fallen -2.29 percent year to date (YTD) compared to a rise of 12.44 percent in 52 week’s period. The firm’s shares are still trading -5.22 percent below its 1-year high of $17.42 and 24.14 percent up from 52-week low of $13.30. The average consensus ranking on the company is 2.2, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a sell.

First Horizon National Corporation (FHN) shares are trading at a P/E ratio of 12.42 times earnings posted in the trailing 12 months. The industry FHN deals with has an average P/E of 14.07. Its P/B ratio is standing at 1.13X compared to the 1.52 industry average. It is additionally sporting a 2.29 on the Price-to-Sales ratio, compared to the industry’s P/S average of 0.75.

Past records have indicated that shares in First Horizon National Corporation declined on 28 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings. Investors will get the next hint of FHN’s Q4 earnings on January 17. Analysts are predicting revenue to climb 13.2 percent to $467M in the financial fourth quarter, while EPS will soar by about 20 percent to $0.42 per share. In the last quarter, it’s earnings of $0.43 per share came better than the $0.41939, adjusted, expected by Thomson Reuters consensus estimate. Revenue for the quarter was $472.41M, topping the $466.1M analysts had expected. Earnings are seen to rise by 66.7 percent this year, 2.49 percent in the coming year and the trend continues by 9.5 percent every year in the next 5 years.