First Horizon National reported earnings for the second quarter, beating analysts’ expectations.
The bank holding company’s adjusted earnings for the quarter ending June came in at $0.58 per share, compared to Zacks Consensus Estimate of $0.43 per share. The figure is also higher than the year-ago quarter’s $0.20 per share.
Revenues of $782 million exceeded the Zacks Consensus Estimate by 1.36%. This compares to year-ago revenues of $511.61 million. The company has surpassed consensus revenue estimates four times over the last four quarters.
The Stochastic Oscillator for FHN moved out of overbought territory on May 26, 2023. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 66 similar instances where the indicator exited the overbought zone. In of the 66 cases the stock moved lower. This puts the odds of a downward move at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FHN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The RSI Indicator entered the oversold zone -- be on the watch for FHN's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Momentum Indicator moved above the 0 level on May 22, 2023. You may want to consider a long position or call options on FHN as a result. In of 83 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for FHN just turned positive on May 22, 2023. Looking at past instances where FHN's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FHN advanced for three days, in of 300 cases, the price rose further within the following month. The odds of a continued upward trend are .
FHN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 244 cases where FHN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.731) is normal, around the industry mean (0.933). P/E Ratio (6.365) is within average values for comparable stocks, (14.800). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.168). Dividend Yield (0.058) settles around the average of (0.049) among similar stocks. P/S Ratio (1.802) is also within normal values, averaging (2.349).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. FHN’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. FHN’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 86, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a regional bank
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|iShares Core High Dividend ETF|
|Franklin FTSE Switzerland ETF|
|ProShares Short 20+ Year Treasury|
|Xtrackers MSCI Germany Hedged Equity ETF|
|Invesco Dynamic Semiconductors ETF|
A.I.dvisor indicates that over the last year, FHN has been closely correlated with WAL. These tickers have moved in lockstep 76% of the time. This A.I.-generated data suggests there is a high statistical probability that if FHN jumps, then WAL could also see price increases.
|WAL - FHN|
|ZIONO - FHN|
|PACW - FHN|
|HBANM - FHN|
|WSBCP - FHN|