NYSE:FHN First Horizon (FHN) Stock Forecast, Price & News $10.45 -0.57 (-5.17%) (As of 02:34 PM ET) Add Compare Share Share Today's Range$10.43▼$11.0150-Day Range$11.00▼$13.7952-Week Range$8.99▼$24.92Volume7.03 million shsAverage Volume9.12 million shsMarket Capitalization$5.84 billionP/E Ratio5.53Dividend Yield5.74%Price Target$14.93 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability First Horizon MarketRank™ ForecastAnalyst RatingHold2.44 Rating ScoreUpside/Downside38.7% Upside$14.93 Price TargetShort InterestHealthy1.63% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.43Upright™ Environmental ScoreNews Sentiment0.75Based on 10 Articles This WeekInsider TradingN/AProj. Earnings Growth-7.48%From $1.47 to $1.36 Per ShareSee Full Details Hide Full Details 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 starsFinance Sector86th out of 878 stocksNational Commercial Banks Industry21st out of 86 stocks 3.2 Analyst's Opinion Consensus RatingFirst Horizon has received a consensus rating of Hold. The company's average rating score is 2.44, and is based on 4 buy ratings, 5 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $14.93, First Horizon has a forecasted upside of 38.7% from its current price of $10.76.Amount of Analyst CoverageFirst Horizon has only been the subject of 3 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.63% of the float of First Horizon has been sold short.Short Interest Ratio / Days to CoverFirst Horizon has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in First Horizon has recently decreased by 13.92%, indicating that investor sentiment is improving significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipFirst Horizon is a leading dividend payer. It pays a dividend yield of 5.44%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthFirst Horizon does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of First Horizon is 31.75%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, First Horizon will have a dividend payout ratio of 44.12% next year. This indicates that First Horizon will be able to sustain or increase its dividend. Previous Next 3.3 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreFirst Horizon has received a 36.84% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Consumer savings accounts provided by brick and mortar banks", "Commercial deposit accounts", "Consumer transaction accounts provided by brick and mortar banks", "Cash withdrawal services", "Mortgages provided by brick and mortar banks", and "Mortgage loans for corporations" products. See details.Environmental SustainabilityThe Environmental Impact score for First Horizon is -0.43. Previous Next 3.2 News and Social Media Coverage News SentimentFirst Horizon has a news sentiment score of 0.75. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 10 news articles for First Horizon this week, compared to 7 articles on an average week.Search Interest14 people have searched for FHN on MarketBeat in the last 30 days. This is an increase of 8% compared to the previous 30 days.MarketBeat Follows95 people have added First Horizon to their MarketBeat watchlist in the last 30 days. This is an increase of 1,257% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, First Horizon insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.55% of the stock of First Horizon is held by insiders.Percentage Held by Institutions76.44% of the stock of First Horizon is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for First Horizon are expected to decrease by -7.48% in the coming year, from $1.47 to $1.36 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of First Horizon is 5.69, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.43.Price to Earnings Ratio vs. SectorThe P/E ratio of First Horizon is 5.69, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 59.59.Price to Earnings Growth RatioFirst Horizon has a PEG Ratio of 3.09. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioFirst Horizon has a P/B Ratio of 0.77. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About First Horizon (NYSE:FHN) StockFirst 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.Read More FHN Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart FHN Stock News HeadlinesSeptember 30, 2023 | msn.comFirst Horizon: Good Bank And Healthy Dividend But Questionable LiquiditySeptember 30, 2023 | americanbankingnews.comFirst Horizon (NYSE:FHN) Now Covered by Analysts at UBS GroupOctober 2, 2023 | Goldco (Ad)Ben Stein FREE Report: How Americans Are RUINING RetirementThere’s a new report just out from famed author, actor and economist Ben Stein. In this FREE REPORT, Ben reveals the lessons he learned from his late father and economist Herbert Stein. Discover how everyday Americans are currently ruining their retirements, and how YOU can save yours!September 29, 2023 | finance.yahoo.comFirst Horizon Announces Results of its 2023 Company-Run Stress TestSeptember 28, 2023 | markets.businessinsider.com5 Analysts Have This to Say About First HorizonSeptember 21, 2023 | finance.yahoo.comIs This the Best Time to Add First Horizon (FHN) to Your Portfolio?September 20, 2023 | finance.yahoo.comFirst Horizon Corporation to Announce Third Quarter Financial Results on October 18, 2023September 20, 2023 | finance.yahoo.comFirst Horizon Recognized by HISPANIC Network Magazine in 2023 Annual Best of the BestOctober 2, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Missile" to Replace Nuclear MissilesCBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!September 20, 2023 | finance.yahoo.comFirst Horizon Recognized by BLACK EOE JOURNAL in 2023 Annual Best of the BestSeptember 14, 2023 | finance.yahoo.comFHN Financial Capital Markets' Explosive Municipal Growth ContinuesSeptember 7, 2023 | finance.yahoo.comFirst Horizon Named on FORBES Best-In-State Employer ListsSeptember 7, 2023 | thestreet.comFirst Horizon's Long Road BackAugust 30, 2023 | finance.yahoo.comFirst Horizon Supports the Ocean and Climate Innovation AcceleratorAugust 29, 2023 | seekingalpha.comPotential Double Digit Returns With FHN Preferred StockAugust 29, 2023 | finance.yahoo.comFirst Horizon Receives 2023 Designation of Savings Excellence Award from America SavesAugust 29, 2023 | finance.yahoo.comFirst Horizon Recognized by U.S. Veterans Magazine in 2023 Annual Best of the BestAugust 28, 2023 | finance.yahoo.comFirst Horizon Names Hill Regional President of the South-Central RegionAugust 28, 2023 | finance.yahoo.comFirst Horizon Celebrates Grand Opening of St. Simons Island Banking CenterAugust 24, 2023 | finance.yahoo.comFirst Horizon Corporation to Participate at the Barclays Global Financial Services ConferenceAugust 18, 2023 | finance.yahoo.comWhy Is First Horizon (FHN) Down 0.6% Since Last Earnings Report?August 14, 2023 | msn.comGreenlight Capital opens new positions in Activision Blizzard, First HorizonAugust 9, 2023 | finance.yahoo.comFIRST HORIZON RECOGNIZED BY FORBES MAGAZINE AS ONE OF AMERICA'S BEST LARGE EMPLOYERS OF 2023August 7, 2023 | finance.yahoo.comBroyhill Asset Management Exited First Horizon Corporation (FHN) on Continued Uncertainty Around Regional Banking SystemAugust 3, 2023 | finance.yahoo.comFirst Horizon Corporation Announces Five Year Employment Agreement with CEO D. Bryan JordanAugust 3, 2023 | finance.yahoo.comFIRST HORIZON NAMED ONE OF THE WORLD'S BEST BANKS BY FORBES MAGAZINEAugust 2, 2023 | msn.comFirst Horizon (FHN) Price Target Increased by 7.47% to 14.56See More Headlines Receive FHN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for First Horizon and its competitors with MarketBeat's FREE daily newsletter. Email Address FHN Company Calendar Last Earnings7/19/2023Ex-Dividend for 10/2 Dividend9/14/2023Today10/02/2023Dividend Payable10/02/2023Next Earnings (Confirmed)10/18/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry National commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNYSE:FHN CUSIP32051710 CIK36966 Webwww.firsthorizon.com Phone(901) 523-4444Fax901-523-4945Employees7,542Year Founded1864Price 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 RatingHold Rating Score (0-4)2.44 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)$1.89 Trailing P/E Ratio5.83 Forward P/E Ratio7.50 P/E Growth3.09Net Income$900 million Net Margins24.64% Pretax Margin31.94% Return on Equity13.44% Return on Assets1.29% Debt Debt-to-Equity Ratio0.14 Current Ratio0.94 Quick Ratio0.93 Sales & Book Value Annual Sales$3.33 billion Price / Sales1.85 Cash Flow$2.01 per share Price / Cash Flow5.47 Book Value$14.03 per share Price / Book0.79Miscellaneous Outstanding Shares558,702,000Free Float550,042,000Market Cap$6.16 billion OptionableOptionable Beta0.95 Social Links Ten Starter Stocks For Beginners to Buy NowJust getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.Get This Free Report Key ExecutivesMr. D. Bryan Jordan (Age 61)Chairman, Pres & CEO Comp: $2.99MMs. Hope Dmuchowski (Age 44)Sr. EVP & CFO Comp: $1.49MMs. Tammy S. LoCascio (Age 54)Sr. EVP & COO Comp: $1.48MMr. David T. Popwell (Age 63)Pres of Specialty Banking Comp: $1.6MMr. Daryl G. Byrd (Age 68)Special Advisor Comp: $6.93MMr. Anthony J. Restel (Age 53)Pres of Regional Banking Comp: $1.57MMr. Jeff L. Fleming (Age 61)Exec. VP, Chief Accounting Officer & Corp. Controller Mr. Mohan SankararamanExec. VP & Chief Information OfficerMs. Natalie FlandersSr. VP & Head of Investor RelationsMr. Charles T. Tuggle Jr. (Age 74)Exec. VP & Gen. Counsel More ExecutivesKey CompetitorsCullen/Frost BankersNYSE:CFRWebster FinancialNYSE:WBSBOK FinancialNASDAQ:BOKFZions Bancorporation, National AssociationNASDAQ:ZIONPinnacle Financial PartnersNASDAQ:PNFPView All CompetitorsInsiders & InstitutionsBarclays PLCSold 14,551,639 shares on 9/21/2023Ownership: 0.573%Bluefin Capital Management LLCSold 54,300 shares on 9/11/2023Ownership: 0.000%Wolverine Trading LLCBought 37,200 shares on 8/23/2023Ownership: 0.000%Comerica BankBought 4,077 shares on 8/22/2023Ownership: 0.001%California State Teachers Retirement SystemSold 5,054 shares on 8/21/2023Ownership: 0.160%View All Insider TransactionsView All Institutional Transactions 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. What ETFs hold First Horizon's stock? 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). 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding First Horizon Co. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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