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NYSE:FHN

First Horizon (FHN) Stock Forecast, Price & News

$10.45
-0.57 (-5.17%)
(As of 02:34 PM ET)
Compare
Today's Range
$10.43
$11.01
50-Day Range
$11.00
$13.79
52-Week Range
$8.99
$24.92
Volume
7.03 million shs
Average Volume
9.12 million shs
Market Capitalization
$5.84 billion
P/E Ratio
5.53
Dividend Yield
5.74%
Price Target
$14.93

First Horizon MarketRank™ Forecast

Analyst Rating
Hold
2.44 Rating Score
Upside/​Downside
38.7% Upside
$14.93 Price Target
Short Interest
Healthy
1.63% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.43
Upright™ Environmental Score
News Sentiment
0.75mentions of First Horizon in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-7.48%
From $1.47 to $1.36 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.99 out of 5 stars

Finance Sector

86th out of 878 stocks

National Commercial Banks Industry

21st out of 86 stocks


FHN stock logo

About First Horizon (NYSE:FHN) Stock

First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. The company operates through three segments: Regional Banking, Specialty Banking, and Corporate. It offers general banking services for consumers, businesses, financial institutions, and governments. The company provides underwriting services for bank-eligible securities and other fixed-income securities by financial subsidiaries; sells loans and derivatives; and offers advisory services. In addition, it offers commercial and business banking for business enterprises, consumer banking, and private client and wealth management services; and capital markets, professional commercial real estate, mortgage warehouse and asset-based lending, franchise and equipment finance, and corporate and correspondent banking. 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 Price History

FHN Stock News Headlines

First Horizon (NYSE:FHN) Now Covered by Analysts at UBS Group
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5 Analysts Have This to Say About First Horizon
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First Horizon Named on FORBES Best-In-State Employer Lists
First Horizon's Long Road Back
See More Headlines
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FHN Company Calendar

Last Earnings
7/19/2023
Ex-Dividend for 10/2 Dividend
9/14/2023
Today
10/02/2023
Dividend Payable
10/02/2023
Next Earnings (Confirmed)
10/18/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Regional Banks
Sector
Finance
CUSIP
32051710
Employees
7,542
Year Founded
1864

Price Target and Rating

Average Stock Price Forecast
$14.93
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$12.00
Forecasted Upside/Downside
+35.5%
Consensus Rating
Hold
Rating Score (0-4)
2.44
Research Coverage
9 Analysts

Profitability

Net Income
$900 million
Pretax Margin
31.94%

Debt

Sales & Book Value

Annual Sales
$3.33 billion
Cash Flow
$2.01 per share
Book Value
$14.03 per share

Miscellaneous

Free Float
550,042,000
Market Cap
$6.16 billion
Optionable
Optionable
Beta
0.95

Social Links

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Key Executives

  • Mr. D. Bryan JordanMr. D. Bryan Jordan (Age 61)
    Chairman, Pres & CEO
    Comp: $2.99M
  • Ms. Hope Dmuchowski (Age 44)
    Sr. EVP & CFO
    Comp: $1.49M
  • Ms. Tammy S. LoCascioMs. Tammy S. LoCascio (Age 54)
    Sr. EVP & COO
    Comp: $1.48M
  • Mr. David T. PopwellMr. David T. Popwell (Age 63)
    Pres of Specialty Banking
    Comp: $1.6M
  • Mr. Daryl G. ByrdMr. Daryl G. Byrd (Age 68)
    Special Advisor
    Comp: $6.93M
  • Mr. Anthony J. RestelMr. Anthony J. Restel (Age 53)
    Pres of Regional Banking
    Comp: $1.57M
  • Mr. Jeff L. Fleming (Age 61)
    Exec. VP, Chief Accounting Officer & Corp. Controller
  • Mr. Mohan Sankararaman
    Exec. VP & Chief Information Officer
  • Ms. Natalie Flanders
    Sr. VP & Head of Investor Relations
  • Mr. Charles T. Tuggle Jr. (Age 74)
    Exec. VP & Gen. Counsel













FHN Stock - Frequently Asked Questions

Should I buy or sell First Horizon stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Horizon in the last year. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" FHN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FHN, but not buy additional shares or sell existing shares.
View FHN analyst ratings
or view top-rated stocks.

What is First Horizon's stock price forecast for 2023?

9 brokers have issued 12 month price targets for First Horizon's stock. Their FHN share price forecasts range from $12.00 to $25.00. On average, they expect the company's stock price to reach $14.93 in the next year. This suggests a possible upside of 35.5% 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 2023?

First Horizon's stock was trading at $24.50 at the beginning of 2023. Since then, FHN stock has decreased by 55.0% and is now trading at $11.02.
View the best growth stocks for 2023 here
.

Are investors shorting First Horizon?

First Horizon saw a decrease in short interest in September. As of September 15th, there was short interest totaling 8,970,000 shares, a decrease of 13.9% from the August 31st total of 10,420,000 shares. Based on an average daily volume of 6,950,000 shares, the short-interest ratio is presently 1.3 days. Currently, 1.6% of the company's shares are sold short.
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, October 18th 2023.
View our FHN earnings forecast
.

How can I listen to First Horizon's earnings call?

First Horizon will be holding an earnings conference call on Wednesday, October 18th at 9:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "902096".

How were First Horizon's earnings last quarter?

First Horizon Co. (NYSE:FHN) issued its earnings results on Wednesday, July, 19th. The financial services provider reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. The financial services provider earned $1.42 billion during the quarter, compared to analysts' expectations of $820.19 million. First Horizon had a net margin of 24.64% and a trailing twelve-month return on equity of 13.44%. During the same period in the prior year, the firm earned $0.34 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, July 25th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.15 per share on Monday, October 2nd. This represents a $0.60 annualized dividend and a dividend yield of 5.44%. The ex-dividend date is Thursday, September 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 5.46%. FHN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 31.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FHN will have a dividend payout ratio of 44.12% 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 announced that its board has approved a stock buyback plan on Tuesday, October 26th 2021, which allows the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 5.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board believes its stock is 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).

What is First Horizon's stock symbol?

First Horizon trades on the New York Stock Exchange (NYSE) under the ticker symbol "FHN."

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is First Horizon's stock price today?

One share of FHN stock can currently be purchased for approximately $11.02.

How much money does First Horizon make?

First Horizon (NYSE:FHN) has a market capitalization of $6.16 billion and generates $3.33 billion in revenue each year. The financial services provider earns $900 million in net income (profit) each year or $1.89 on an earnings per share basis.

How many employees does First Horizon have?

The company employs 7,542 workers across the globe.

How can I contact First Horizon?

First Horizon's mailing address is 165 MADISON AVENUE, MEMPHIS TN, 38103. The official website for the company is www.firsthorizon.com. The financial services provider can be reached via phone at (901) 523-4444, via email at investorrelations@firsthorizon.com, or via fax at 901-523-4945.

This page (NYSE:FHN) was last updated on 10/2/2023 by MarketBeat.com Staff

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