The Case for and Against First Horizon National Corporation (FHN)

First Horizon National Corporation (FHN) is an interesting player in the Financial space, with a focus on Regional – Southeast Banks. The stock has been active on the tape, currently trading at $20.29, down from yesterday’s close by -0.39%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

First Horizon National Corporation (FHN) currently trades with a market capitalization of $6.51 Billion. That value represents a market adjusting for revenues that have been growing by 30.80 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $94.48 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.31 on a per share basis this quarter. Perhaps, that suggests something about why 2.30% of the outstanding share supply is held by institutional investors.

Technical Analysis

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, First Horizon National Corporation recorded a 52-week high of $20.86. It is now trading 0.57% off that level. The stock is trading $19.83 its 50-day moving average by -0.46%. The stock carved out a 52-week low down at $15.84.

In recent action, First Horizon National Corporation (FHN) has made a move of +7.18% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 17.8, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 7.37% with $320.90 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of FHN.

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