(VIANEWS) – Shares of First Horizon National (NYSE: FHN) slid by a staggering 14.63% to $21.15 at 10:24 EST on Wednesday, following the last session’s upward trend. NYSE is rising 0.24% to $15,466.49, after three successive sessions in a row of losses. This seems, as yet, a somewhat positive trend exchanging session today.
First Horizon National’s last close was $24.77, 0.6% under its 52-week high of $24.92.
About First Horizon National
First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. The company operates through three segments: Regional Banking, Specialty Banking, and Corporate. It offers general banking services for consumers, businesses, financial institutions, and governments. The company also underwrites bank-eligible securities and other fixed-income securities eligible for underwriting by financial subsidiaries; sells loans and derivatives; and offers advisory services. In addition, it offers various services, such as mortgage banking; title insurance and loan-closing; brokerage; correspondent banking; nationwide check clearing and remittance processing; trust, fiduciary, and agency; equipment finance; and investment and financial advisory services. Further, the company sells mutual fund and retail insurance products; and credit cards. It operates approximately 500 banking offices in 22 states under the First Horizon Bank brand; and 400 banking centers in 12 states under the FHN Financial brand in the United States. The company was formerly known as First Horizon National Corporation and changed its name to First Horizon Corporation in November 2020. First Horizon Corporation was founded in 1864 and is headquartered in Memphis, Tennessee.
Earnings Per Share
As for profitability, First Horizon National has a trailing twelve months EPS of $2.08.
PE Ratio
First Horizon National has a trailing twelve months price to earnings ratio of 10.16. Meaning, the purchaser of the share is investing $10.16 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 10.7%.
Growth Estimates Quarters
The company’s growth estimates for the present quarter and the next is 38.9% and 44.1%, respectively.
Sales Growth
First Horizon National’s sales growth is 25.4% for the current quarter and 20.6% for the next.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, First Horizon National’s stock is considered to be overbought (>=80).
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