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First Horizon Bank is a well-established financial institution with a rich history dating back to 1864. It has undergone significant transformations over the years, including a merger with Iberiabank in 2019.
The bank's stock is listed on the NASDAQ stock exchange under the ticker symbol FHN. As of the last reported data, the bank's market capitalization is around $7 billion.
First Horizon Bank has a strong presence in the southeastern United States, with over 270 branches across four states: Tennessee, Arkansas, Mississippi, and Florida.
Investor Information
First Horizon Bank stock is listed on the Nasdaq Global Select Market under the ticker symbol FHN.
The bank has a market capitalization of around $3 billion, making it a relatively small-cap stock.
First Horizon Bank's financial performance has been stable, with a dividend yield of 4.2% and a payout ratio of 34%.
The bank has a strong history of paying consistent dividends, with 52 consecutive quarters of dividend payments.
First Horizon Bank has a solid capital position, with a Tier 1 capital ratio of 11.1% and a leverage ratio of 9.5%.
The bank's assets have grown steadily over the years, with a compound annual growth rate (CAGR) of 5.5% from 2015 to 2020.
First Horizon Bank has a diversified loan portfolio, with a loan-to-deposit ratio of 93.5% and a non-performing asset ratio of 0.5%.
Risk and Volatility
First Horizon Bank stock has shown relatively stable price volatility compared to the US market. FHN's average weekly movement is 5.9%, which is lower than the market average of 6.5%.
However, it's essential to note that FHN's price volatility has been stable over the past year, with a weekly volatility of 6%. This suggests that the stock's price movements are relatively consistent.
FHN's stability is also reflected in its ranking among the least volatile stocks in the US market. According to the data, FHN's average weekly movement is lower than 80% of the stocks in the US market.
Risk Analysis
Significant insider selling over the past 3 months is a red flag, indicating that those closest to the company are losing faith in its prospects.
First Horizon's stock surged 53.6% in the past year, but recent financial metrics show a decline in deposits.
Declining deposits are a concern, as they can lead to reduced revenue and profits.
The bank's increased debt is another issue, as it can make it harder to weather financial storms.
Lower revenue and profits are a clear indication that the company is struggling to stay afloat.
First Horizon's uninsured deposit exposure is now 4%, which is a significant increase from previous levels.
Price Volatility
FHN's price volatility is worth considering. FHN's average weekly movement is 5.9%, which is lower than the market average movement of 6.5%.
FHN's weekly volatility has been stable over the past year, at 6%. This stability is a positive sign for investors.
FHN's price movement is also comparable to the banks industry average movement, which is 5.2%. This suggests that FHN's price is relatively stable compared to its peers.
FHN's price has not had significant volatility in the past 3 months, which is a good sign for investors. In fact, FHN's price has been steadily increasing over the past year, with a 57.21% change.
Here's a comparison of FHN's price volatility with other stocks in the US market:
This comparison shows that FHN's price volatility is relatively low compared to the US market average.
Barchart Technical Opinion
The Barchart Technical Opinion rating is a 100% Buy with a Strongest short term outlook on maintaining the current direction. This suggests that the trend is expected to continue.
The 52-Week High of $21.72 indicates that the stock has reached a new high recently. The 52-Week Low of $12.95 shows that the stock has also hit a low point during this period.
Long term indicators fully support a continuation of the trend. This is evident from the 5 Year Change of 21.53%, which shows a steady increase in the stock's value over time.
Here's a breakdown of the stock's performance over different periods:
The Beta of 0.94 indicates that the stock's price is not significantly affected by market fluctuations. The 1 Year Change of 57.21% shows a significant increase in the stock's value over the past year.
Frequently Asked Questions
Is First Horizon a good stock to buy?
First Horizon has a Moderate Buy consensus rating from 13 Wall Street analysts, with an average price target of $21.54. Consider investing in First Horizon if you're looking for a potentially undervalued stock with a promising future.
Who is First Horizon Bank merging with?
First Horizon Bank is merging with IBERIABANK to form a leading regional financial services company. Learn more about the merger and its implications in our press release.
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