First Horizon (FHN) Stock Price, News & Analysis

$14.75
-0.18 (-1.21%)
(As of 10:58 AM ET)
Today's Range
$14.72
$14.97
50-Day Range
$13.88
$15.40
52-Week Range
$8.99
$17.90
Volume
1.32 million shs
Average Volume
6.98 million shs
Market Capitalization
$8.19 billion
P/E Ratio
10.31
Dividend Yield
4.07%
Price Target
$16.15

First Horizon MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.79 Rating Score
Upside/​Downside
8.2% 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
0.80mentions of First Horizon in the last 14 days
Based on 28 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.67%
From $1.50 to $1.63 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.

4.92 out of 5 stars

Finance Sector

25th out of 859 stocks

National Commercial Banks Industry

6th out of 86 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

World’s biggest multibillionaire investor is buying THIS by the ton [picture]
Don't Buy Bullion or Mining Stocks. Do THIS Instead As gold continues to break all-time highs, many folks will run out and buy bullion or mining stocks. That's not the best way to ride this gold bull market higher. Note, this showed a 995% gain the last time we shared this same investment idea.
StockNews.com Upgrades First Horizon (NYSE:FHN) to Hold
World’s biggest multibillionaire investor is buying THIS by the ton [picture]
Don't Buy Bullion or Mining Stocks. Do THIS Instead As gold continues to break all-time highs, many folks will run out and buy bullion or mining stocks. That's not the best way to ride this gold bull market higher. Note, this showed a 995% gain the last time we shared this same investment idea.
Expert Outlook: First Horizon Through The Eyes Of 9 Analysts
First Horizon: Q1 Earnings Snapshot
First Horizon Corporation Q1 Profit Decreases, but beats estimates
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
4/25/2024
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
+8.2%
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
$1.69 per share
Book Value
$15.59 per share

Miscellaneous

Free Float
550,116,000
Market Cap
$8.28 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 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 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 1-year price objectives for First Horizon's shares. 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 8.2% 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 start of the year. Since then, FHN stock has increased by 5.4% and is now trading at $14.9250.
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 trading volume of 7,200,000 shares, the short-interest ratio is presently 1.2 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, 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 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 analyst estimates of $809.51 million. First Horizon had a trailing twelve-month return on equity of 8.96% and a net margin of 16.07%. First Horizon's revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.46 earnings per share.

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

First Horizon announced a quarterly dividend on Tuesday, April 23rd. Stockholders of record on Friday, June 14th will be given a dividend of $0.15 per share on Monday, July 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.02%.
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 4.03%. 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 36.81% 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 authorized a share buyback program 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 buy up to 7.7% of its shares through open market purchases. Shares repurchase 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 number of institutional and retail investors. Top institutional shareholders include Leeward Investments LLC MA (0.40%), Los Angeles Capital Management LLC (0.14%), Raymond James & Associates (0.08%), Amalgamated Bank (0.07%), Hodges Capital Management Inc. (0.07%) and Duncan Williams Asset Management LLC (0.06%). 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 4/25/2024 by MarketBeat.com Staff

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