The EVP & CFO of First Horizon is Exercising Options

Today it was reported that the EVP & CFO of First Horizon (FHNResearch Report), William C. Losch, exercised options to sell 62,846 FHN shares at $10.82 a share, for a total transaction value of $1.01M.

In addition to William C. Losch, 2 other FHN executives reported Sell trades in the last month.

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Based on First Horizon’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $570 million and quarterly net profit of $111 million. In comparison, last year the company earned revenue of $515 million and had a net profit of $83.14 million. FHN’s market cap is $5B and the company has a P/E ratio of 8.96. Currently, First Horizon has an average volume of 4.69M.

Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $17.42, reflecting a 9.2% upside.

The insider sentiment on First Horizon has been negative according to 52 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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First Horizon National Corp. operates as a financial holding company, which offers checking accounts, savings products, mortgage banking, lending, and financing to individuals and businesses. It operates the business through four segments: Regional Banking, Fixed Income, Corporate, and Non-strategic.