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S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
These are the Top 4 Stocks for Buybacks in 2024
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
These are the Top 4 Stocks for Buybacks in 2024
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
These are the Top 4 Stocks for Buybacks in 2024
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China

First Horizon (FHN) Stock Price, News & Analysis

$14.28
+0.11 (+0.78%)
(As of 04/18/2024 ET)
Today's Range
$14.14
$14.45
50-Day Range
$13.74
$15.40
52-Week Range
$8.99
$18.99
Volume
5.73 million shs
Average Volume
7.18 million shs
Market Capitalization
$7.92 billion
P/E Ratio
9.33
Dividend Yield
4.20%
Price Target
$16.00

First Horizon MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.79 Rating Score
Upside/​Downside
13.1% 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
0.58mentions of First Horizon in the last 14 days
Based on 20 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.66%
From $1.45 to $1.59 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

9th out of 823 stocks

National Commercial Banks Industry

4th out of 77 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

The Next Nvidia?
The Next Nvidia? Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet… but in the next 6 months that’s all they’ll talk about.
The Next Nvidia?
The Next Nvidia? Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet… but in the next 6 months that’s all they’ll talk about.
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
4/18/2024
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
+12.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.79
Research Coverage
14 Analysts

Profitability

Net Income
$897 million
Pretax Margin
22.44%

Debt

Sales & Book Value

Annual Sales
$5.03 billion
Cash Flow
$1.73 per share
Book Value
$15.70 per share

Miscellaneous

Free Float
550,116,000
Market Cap
$7.92 billion
Optionable
Optionable
Beta
0.94

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FHN Stock Analysis - Frequently Asked Questions

Should I buy or sell First Horizon stock right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Horizon in the last twelve months. There are currently 4 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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 brokers have issued 1-year target prices for First Horizon's stock. Their FHN share price targets range from $12.00 to $18.00. On average, they predict the company's stock price to reach $16.15 in the next year. This suggests a possible upside of 13.1% 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 shares have increased by 0.8% and is now trading at $14.28.
View the best growth stocks for 2024 here
.

Are investors shorting First Horizon?

First Horizon saw a drop in short interest during 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 volume of 7,200,000 shares, the short-interest 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) released its quarterly earnings results on Wednesday, April, 17th. The financial services provider reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 17.80% and a trailing twelve-month return on equity of 9.94%. The business's quarterly revenue was down 4.7% on a year-over-year basis. During the same period last year, the company earned $0.46 EPS.

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. Stockholders 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 annualized dividend and a yield of 4.20%. The ex-dividend date of this dividend 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 4.31%. FHN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 39.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FHN will have a dividend payout ratio of 37.74% 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 of Directors has approved a share buyback program on Tuesday, January 23rd 2024, which permits the company to buyback $650,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 7.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership 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 a variety of institutional and retail investors. Top institutional investors include 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%), &PARTNERS (0.03%) and KMG Fiduciary Partners LLC (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 4/18/2024 by MarketBeat.com Staff

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