First Horizon Co. (NYSE:FHN) Stock Position Lifted by Boothbay Fund Management LLC

Boothbay Fund Management LLC lifted its position in shares of First Horizon Co. (NYSE:FHN - Free Report) by 13.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 288,077 shares of the financial services provider's stock after acquiring an additional 35,216 shares during the quarter. Boothbay Fund Management LLC owned 0.05% of First Horizon worth $5,802,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in First Horizon by 160.1% in the 4th quarter. JPMorgan Chase & Co. now owns 5,524,827 shares of the financial services provider's stock valued at $111,270,000 after purchasing an additional 3,400,811 shares in the last quarter. First Citizens Bank & Trust Co. purchased a new stake in shares of First Horizon in the fourth quarter valued at $304,000. Merit Financial Group LLC acquired a new position in First Horizon in the fourth quarter valued at $453,000. Smith Group Asset Management LLC purchased a new position in First Horizon during the fourth quarter worth about $1,813,000. Finally, Atria Investments Inc acquired a new stake in First Horizon in the 4th quarter worth about $442,000. Institutional investors and hedge funds own 80.28% of the company's stock.

Analyst Upgrades and Downgrades

FHN has been the topic of several recent analyst reports. Stephens reiterated an "overweight" rating and set a $24.00 price objective on shares of First Horizon in a report on Friday, January 17th. Citigroup lifted their price target on shares of First Horizon from $24.00 to $25.00 and gave the company a "buy" rating in a report on Friday, February 28th. Barclays dropped their price objective on First Horizon from $25.00 to $23.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Robert W. Baird raised First Horizon from a "neutral" rating to an "outperform" rating and set a $22.00 price target for the company in a research report on Monday, April 7th. Finally, JPMorgan Chase & Co. raised their price objective on First Horizon from $22.50 to $23.50 and gave the stock a "neutral" rating in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, First Horizon has an average rating of "Moderate Buy" and an average price target of $22.03.

First Horizon Stock Up 1.1 %

FHN stock traded up $0.21 during trading on Thursday, reaching $18.29. The stock had a trading volume of 3,433,855 shares, compared to its average volume of 6,298,328. First Horizon Co. has a 1-year low of $14.09 and a 1-year high of $22.44. The company has a market capitalization of $9.40 billion, a P/E ratio of 13.44, a PEG ratio of 1.19 and a beta of 0.60. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.14. The firm has a fifty day moving average price of $18.54 and a 200 day moving average price of $19.61.

First Horizon (NYSE:FHN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. First Horizon had a return on equity of 10.10% and a net margin of 15.38%. The company had revenue of $823.69 million for the quarter, compared to the consensus estimate of $825.11 million. During the same period in the previous year, the business earned $0.35 EPS. On average, equities analysts anticipate that First Horizon Co. will post 1.67 earnings per share for the current year.

First Horizon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Friday, June 13th. First Horizon's payout ratio is currently 41.67%.

First Horizon Profile

First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. The company operates through Regional Banking and Specialty Banking segments. It offers general banking services for consumers, businesses, financial institutions, and governments.