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Biden signs bill extending a key US surveillance program after divisions nearly forced it to lapse
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S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Biden signs bill extending a key US surveillance program after divisions nearly forced it to lapse
MarketBeat Week in Review – 4/15 - 4/19
The drug war devastated Black and other minority communities. Is marijuana legalization helping?
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
A man escaped Sudan's bloody civil war. His mysterious death in Missisippi has sparked suspicion
Record Store Day celebrates indie retail music sellers as they ride vinyl's popularity wave
Panama Papers trial's public portion comes to an unexpectedly speedy end
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Biden signs bill extending a key US surveillance program after divisions nearly forced it to lapse
MarketBeat Week in Review – 4/15 - 4/19
The drug war devastated Black and other minority communities. Is marijuana legalization helping?
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
A man escaped Sudan's bloody civil war. His mysterious death in Missisippi has sparked suspicion
Record Store Day celebrates indie retail music sellers as they ride vinyl's popularity wave
Panama Papers trial's public portion comes to an unexpectedly speedy end
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Biden signs bill extending a key US surveillance program after divisions nearly forced it to lapse
MarketBeat Week in Review – 4/15 - 4/19
The drug war devastated Black and other minority communities. Is marijuana legalization helping?
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
A man escaped Sudan's bloody civil war. His mysterious death in Missisippi has sparked suspicion
Record Store Day celebrates indie retail music sellers as they ride vinyl's popularity wave
Panama Papers trial's public portion comes to an unexpectedly speedy end

First Horizon (FHN) Stock Price, News & Analysis

$14.63
+0.35 (+2.45%)
(As of 04/19/2024 ET)
Today's Range
$14.21
$14.64
50-Day Range
$13.79
$15.40
52-Week Range
$8.99
$18.99
Volume
5.11 million shs
Average Volume
5.22 million shs
Market Capitalization
$8.12 billion
P/E Ratio
10.23
Dividend Yield
4.10%
Price Target
$16.15

First Horizon MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.79 Rating Score
Upside/​Downside
10.4% Upside
$16.15 Price Target
Short Interest
Healthy
1.62% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.43
Upright™ Environmental Score
News Sentiment
0.66mentions of First Horizon in the last 14 days
Based on 30 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.00%
From $1.50 to $1.62 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.98 out of 5 stars

Finance Sector

10th out of 838 stocks

National Commercial Banks Industry

3rd out of 80 stocks

FHN stock logo

About First Horizon Stock (NYSE:FHN)

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. The company also accepts deposits; provides underwriting services for bank-eligible securities and other fixed-income securities by financial subsidiaries; sells loans and derivatives; financial planning; and offers investment and financial advisory services. In addition, it offers mortgage banking; loan syndications; brokerage services; commercial and business banking for business enterprises, consumer banking, and private client and wealth management services; capital markets, professional commercial real estate, mortgage warehouse and asset-based lending, franchise and equipment finance, tax credit finance, energy and healthcare finance, asset management, and corporate and correspondent banking services. Further, the company provides transaction processing services including check clearing services and remittance processing, credit cards, investment, and sale of mutual fund and retail insurances, as well as trust, fiduciary, and agency services. First Horizon Corporation was founded in 1864 and is headquartered in Memphis, Tennessee.

FHN Stock Price History

FHN Stock News Headlines

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Expert Outlook: First Horizon Through The Eyes Of 9 Analysts
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First Horizon: Q1 Earnings Snapshot
First Horizon Corporation Q1 Profit Decreases, but beats estimates
First Horizon (FHN) to Release Quarterly Earnings on Wednesday
See More Headlines
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Company Calendar

Ex-Dividend for 4/1 Dividend
3/14/2024
Dividend Payable
4/01/2024
Last Earnings
4/17/2024
Today
4/20/2024
Next Earnings (Estimated)
7/17/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
National commercial banks
Sub-Industry
Regional Banks
CUSIP
32051710
Employees
7,378
Year Founded
1864

Price Target and Rating

Average Stock Price Target
$16.15
High Stock Price Target
$18.00
Low Stock Price Target
$12.00
Potential Upside/Downside
+10.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.79
Research Coverage
14 Analysts

Profitability

Net Income
$897 million
Pretax Margin
20.18%

Debt

Sales & Book Value

Annual Sales
$5.03 billion
Cash Flow
$1.74 per share
Book Value
$15.59 per share

Miscellaneous

Free Float
550,116,000
Market Cap
$8.11 billion
Optionable
Optionable
Beta
0.94

Social Links

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FHN Stock Analysis - Frequently Asked Questions

Should I buy or sell First Horizon stock right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for First Horizon in the last year. There are currently 4 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" FHN shares.
View FHN analyst ratings
or view top-rated stocks.

What is First Horizon's stock price target for 2024?

14 Wall Street analysts have issued twelve-month price objectives for First Horizon's shares. Their FHN share price targets range from $12.00 to $18.00. On average, they expect the company's share price to reach $16.15 in the next twelve months. This suggests a possible upside of 10.4% from the stock's current price.
View analysts price targets for FHN
or view top-rated stocks among Wall Street analysts.

How have FHN shares performed in 2024?

First Horizon's stock was trading at $14.16 at the beginning of 2024. Since then, FHN stock has increased by 3.3% and is now trading at $14.63.
View the best growth stocks for 2024 here
.

Are investors shorting First Horizon?

First Horizon saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 8,870,000 shares, a drop of 23.9% from the March 15th total of 11,650,000 shares. Based on an average daily trading volume, of 7,200,000 shares, the days-to-cover ratio is presently 1.2 days. Approximately 1.6% of the company's stock are short sold.
View First Horizon's Short Interest
.

When is First Horizon's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 17th 2024.
View our FHN earnings forecast
.

How were First Horizon's earnings last quarter?

First Horizon Co. (NYSE:FHN) announced its quarterly earnings data on Wednesday, April, 17th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. The financial services provider earned $819 million during the quarter, compared to analysts' expectations of $809.51 million. First Horizon had a trailing twelve-month return on equity of 8.96% and a net margin of 16.07%. The company's revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 earnings per share.

How often does First Horizon pay dividends? What is the dividend yield for First Horizon?

First Horizon declared a quarterly dividend on Tuesday, January 23rd. Shareholders of record on Friday, March 15th will be given a dividend of $0.15 per share on Monday, April 1st. This represents a $0.60 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date is Thursday, March 14th.
Read our dividend analysis for FHN
.

Is First Horizon a good dividend stock?

First Horizon (NYSE:FHN) pays an annual dividend of $0.60 per share and currently has a dividend yield of 4.20%. FHN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 41.96%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FHN will have a dividend payout ratio of 37.04% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FHN.

How will First Horizon's stock buyback program work?

First Horizon declared that its board has authorized a stock buyback plan on Tuesday, January 23rd 2024, which permits the company to repurchase $650,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 7.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

What other stocks do shareholders of First Horizon own?

Based on aggregate information from My MarketBeat watchlists, some companies that other First Horizon investors own include General Electric (GE), AT&T (T), Bank of America (BAC), Intel (INTC), Cisco Systems (CSCO), Pfizer (PFE), Exxon Mobil (XOM), Bristol-Myers Squibb (BMY), Regions Financial (RF) and Advanced Micro Devices (AMD).

Who are First Horizon's major shareholders?

First Horizon's stock is owned by many different institutional and retail investors. Top institutional investors include Leeward Investments LLC MA (0.40%), Los Angeles Capital Management LLC (0.14%), Hodges Capital Management Inc. (0.07%), Duncan Williams Asset Management LLC (0.06%), Alaska Permanent Fund Corp (0.03%) and &PARTNERS (0.03%). Insiders that own company stock include Anthony J Restel, Colin V Reed, Colin V Reed, D Bryan Jordan, Daryl G Byrd, David T Popwell, R Eugene Taylor, Rosa Sugranes, Susan L Springfield, Tammy Locascio, Terry Lawson Akins, Vicki R Palmer, William C Losch III and William H Fenstermaker.
View institutional ownership trends
.

How do I buy shares of First Horizon?

Shares of FHN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:FHN) was last updated on 4/20/2024 by MarketBeat.com Staff

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