FHN Stock Summary and Trading Ideas (First Horizon | NYSE:FHN)

First Horizon Corp is the parent company of First Tennessee Bank, a prominent regional bank with about 200 branches around Tennessee. The regional bank is responsible for roughly 65% of its revenue, while capital markets make a 25% contribution. The remainder is split between the firm's non-strategic (wind-down) and corporate operations. First Horizon concentrates on offering a variety of banking products mainly in its home state, where it has the second- largest deposit franchise with a 13% deposit market share.

First Horizon trades on the NYSE stock market under the symbol FHN.

As of April 19, 2024, FHN stock price climbed to $14.56 with 3,052,731 million shares trading.

FHN has a beta of 1.85, meaning it tends to be more sensitive to market movements. FHN has a correlation of 0.13 to the broad based SPY ETF.

FHN has a market cap of $7.99 billion. This is considered a Mid Cap stock.

Last quarter First Horizon reported $819 million in Revenue and $.35 earnings per share. This beat revenue expectation by $10 million and exceeded earnings estimates by $.01.

In the last 3 years, FHN stock traded as high as $24.92 and as low as $8.99.

The top ETF exchange traded funds that FHN belongs to (by Net Assets): VTI, IJH, VB, DVY, VBR.

FHN stock has underperformed the market in the last year with a return of -18.2%, while SPY returned +21.0%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in FHN shares. However, FHN has outperformed the market in the last 3 month and 2 week periods, returning +5.7% and -1.2%, while SPY returned +4.1% and -3.6%, respectively. This indicates FHN has been having a stronger performance recently.

FHN support price is $14.00 and resistance is $14.56 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FHN stock will trade within this expected range on the day.