First Horizon (FHN) Stock Forecast, Price & News

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.
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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.

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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 18th 2023.
View our FHN earnings forecast.

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".

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.

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.

ETFs with the largest weight of First Horizon (NYSE:FHN) stock in their portfolio include SPDR S&P Regional Banking ETF (KRE), iShares U.S. Regional Banks ETF (IAT), Invesco KBW Bank ETF (KBWB), SPDR S&P Bank ETF (KBE), First Trust Financials AlphaDEX Fund (FXO), Direxion Daily Regional Banks Bull 3x Shares (DPST), AltShares Merger Arbitrage ETF (ARB) and Affinity World Leaders Equity ETF (WLDR).

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.

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.

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).

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

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

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.

The company employs 7,542 workers across the globe.

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.