On November 12, 2024, Director BARTON HARRY V JR sold 10,000 shares of First Horizon Corp (FHN, Financial) at a price of $19.92 per share. The transaction was documented in a recent SEC Filing. Following this transaction, the insider now owns 166,840 shares of the company.
First Horizon Corp operates as a financial services company dedicated to providing banking and financial solutions. It focuses on providing services through its branches and digital platforms to meet the needs of its clients.
Over the past year, the insider has sold a total of 10,000 shares and has not purchased any shares. This recent sale is part of a broader trend observed within the company, where there have been 2 insider sells and 0 insider buys over the past year.
As of the latest trading session, First Horizon Corp had a market cap of $10.67 billion. The stock's price-earnings ratio stands at 14.59, which is above the industry median of 10.81 and also higher than the company’s historical median.
The GF Value of First Horizon Corp is estimated at $17.51, suggesting that the stock is Modestly Overvalued with a price-to-GF-Value ratio of 1.14.
The GF Value is calculated considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might be of interest to investors tracking insider behaviors and evaluating the stock's valuation metrics in relation to its current trading price.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
