First Horizon Corporation (NYSE:FHN) traded at a new 52-week high today of $19.45. This new high was reached on below average trading volume as 816,000 shares traded hands, while the average 30-day volume is approximately 4.6 million shares.
First Horizon Corporation (NYSE:FHN) is currently priced 18.4% above its average consensus analyst price target of $15.81.
First Horizon Corp is the parent company of First Tennessee Bank, a prominent regional bank with about 200 branches around Tennessee. The regional bank is responsible for roughly 65% of its revenue, while capital markets make a 25% contribution. The remainder is split between the firm's non-strategic (wind-down) and corporate operations. First Horizon concentrates on offering a variety of banking products mainly in its home state, where it has the second-largest deposit franchise with a 13% deposit market share.
In the past 52 weeks, First Horizon Corporation share prices are bracketed by a low of $8.31 and a high of $19.45 and is now at $19.37, 133% above that low price.
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