(FHN) First Horizon National - Ratings and Ratios

First Horizon Corporation is a bank holding company that provides a diverse range of financial services through its subsidiary, First Horizon Bank. The companys operations are segmented into Regional Banking, Specialty Banking, and Corporate, offering a broad array of products and services that cater to commercial, business, and consumer clients. These services include deposit accounts, lending, wealth management, financial planning, trust, and asset management. The Specialty Banking segment is particularly noteworthy, as it provides specialized financing solutions, such as fixed income and capital markets, commercial real estate, and industry-specific finance options for sectors like energy, healthcare, and transportation.

The companys business model is designed to provide comprehensive financial solutions to its clients, leveraging its expertise in transaction processing, corporate banking, and correspondent banking. First Horizon Corporation also offers a range of ancillary services, including credit card products, investment services, and insurance sales. With a history dating back to 1864, the company has established itself as a reputable financial institution, headquartered in Memphis, Tennessee, with a presence across the United States.

From a technical analysis perspective, the stock has shown signs of stability, with its 20-day Simple Moving Average (SMA) closely aligned with its last price. The 50-day and 200-day SMAs indicate a longer-term uptrend, suggesting that the stock has been trending upwards. The Average True Range (ATR) indicates moderate volatility, which may present opportunities for traders. Given the current technical setup, a potential trading strategy could involve monitoring the stocks ability to maintain its current price level and break out above its 52-week high of $22.25.

Fundamentally, First Horizon Corporations market capitalization and price-to-earnings ratio suggest that it is a sizable regional bank with a relatively attractive valuation. The companys return on equity (RoE) indicates a decent level of profitability. Considering the current fundamental and technical data, a forecast for the stock could involve a potential price target of $24.50 in the next 6-12 months, assuming the company continues to demonstrate stable profitability and the stock maintains its current technical uptrend. This forecast is based on a combination of the stocks historical price action, its current valuation, and the overall trend in the regional banking sector.