Checking the Overall Picture for 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 $19.93, down from yesterday’s close by -1.68%. 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

Does this stock stack up well when compared to its peers in the industry space? Let’s take a look. First Horizon National Corporation (FHN) currently trades with a market capitalization of $4.77 Billion. That value represents a market adjusting for revenues that have been growing by 19.89 % on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For FHN, 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 fall in coming quarters. Analysts are forecasting earnings of $0.31 on a per share basis this quarter. Perhaps, that suggests something about why 94.02% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, First Horizon National Corporation recorded a 52-week high of $20.84. It is now trading 0.91% off that level. The stock is trading $39.43 its 50-day moving average by 19.5%. 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 -50.67% 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 19.31, 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 7.89% with $230.85 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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