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NYSE:FHN

First Horizon (FHN) Stock Forecast, Price & News

$11.02
-0.02 (-0.18%)
(As of 09:46 AM ET)
Compare
Today's Range
$10.95
$11.30
50-Day Range
$9.67
$18.59
52-Week Range
$8.99
$24.92
Volume
1.21 million shs
Average Volume
10.04 million shs
Market Capitalization
$5.93 billion
P/E Ratio
6.80
Dividend Yield
5.44%
Price Target
$25.00

First Horizon MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
126.4% Upside
$25.00 Price Target
Short Interest
Healthy
5.55% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.43
Upright™ Environmental Score
News Sentiment
0.51mentions of First Horizon in the last 14 days
Based on 6 Articles This Week
Insider Trading
Acquiring Shares
$320,525 Bought Last Quarter
Proj. Earnings Growth
-2.98%
From $1.68 to $1.63 Per Share

Overall MarketRank

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

2.88 out of 5 stars

Finance Sector

114th out of 871 stocks

National Commercial Banks Industry

21st out of 84 stocks


FHN stock logo

About First Horizon (NYSE:FHN) Stock

First Horizon Corp. (Tennessee) operates as a financial holding company, which engages in the provision of checking accounts, savings products, mortgage banking, lending, and financing to individuals and businesses. It operates the business through three segments: Regional Banking, Specialty Banking, and Corporate. The Regional Banking segment offers financial products and services, including traditional lending and deposit taking, to retail and commercial customers. The Specialty Banking segment consists of lines of business that deliver product offerings and services with specialized industry knowledge. The Corporate segment focuses on corporate support functions such as risk management, audit, accounting, finance, executive office, and corporate communications. The company was founded by Frank S. Davis in 1864 and is headquartered in Memphis, TN.

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FHN Stock News Headlines

First Horizon (NYSE:FHN) Shares Down 5.5%
The Graphite Shortage Story You're Not Being Told
Graphite demand for EV batteries is expected to increase 10X from 2020 to 2030. And today, with NO graphite-producing mines in N. America, China has a stranglehold on our graphite supply. That's why the U.S. government is spending billions of dollars to ensure an adequate domestic supply of this metal that's vital for energy independence and national security.
First Horizon Shareholder Notice
The Graphite Shortage Story You're Not Being Told
Graphite demand for EV batteries is expected to increase 10X from 2020 to 2030. And today, with NO graphite-producing mines in N. America, China has a stranglehold on our graphite supply. That's why the U.S. government is spending billions of dollars to ensure an adequate domestic supply of this metal that's vital for energy independence and national security.
Why Shares of Toronto-Dominion Bank Are Down Today
Why First Horizon Stock Rose 13.7% This Week
First Horizon Earns Double Honor from Parity.Org
First Horizon Corp $FHN Investment Analysis
See More Headlines

FHN Price History

FHN Company Calendar

Ex-Dividend for 4/3 Dividend
3/16/2023
Dividend Payable
4/03/2023
Last Earnings
4/18/2023
Today
6/04/2023
Ex-Dividend for 7/3 Dividend
6/15/2023
Dividend Payable
7/03/2023
Next Earnings (Estimated)
7/18/2023
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
$25.00
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$25.00
Forecasted Upside/Downside
+126.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$900 million
Pretax Margin
31.99%

Debt

Sales & Book Value

Annual Sales
$3.51 billion
Cash Flow
$2.01 per share
Book Value
$14.65 per share

Miscellaneous

Free Float
529,476,000
Market Cap
$5.94 billion
Optionable
Optionable
Beta
0.89

Social Links


Key Executives

  • D. Bryan JordanD. Bryan Jordan
    Chairman, President & Chief Executive Officer
  • Tammy S. LoCascio
    Chief Operating Officer & Senior EVP
  • Hope Dmuchowski
    Chief Financial Officer & Senior Executive VP
  • Bruce A. Livesay
    Chief Information Officer & Executive VP
  • Susan L. SpringfieldSusan L. Springfield
    Chief Credit Officer & Senior Executive VP













FHN Stock - Frequently Asked Questions

Should I buy or sell First Horizon stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Horizon in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" FHN shares.
View FHN analyst ratings
or view top-rated stocks.

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

4 Wall Street analysts have issued twelve-month price objectives for First Horizon's shares. Their FHN share price forecasts range from $25.00 to $25.00. On average, they expect the company's stock price to reach $25.00 in the next year. This suggests a possible upside of 126.4% 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 54.9% and is now trading at $11.04.
View the best growth stocks for 2023 here
.

Are investors shorting First Horizon?

First Horizon saw a drop in short interest during the month of April. As of April 30th, there was short interest totaling 29,220,000 shares, a drop of 8.3% from the April 15th total of 31,870,000 shares. Based on an average daily trading volume, of 11,020,000 shares, the short-interest ratio is currently 2.7 days. Currently, 5.5% of the shares of the company 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 Tuesday, July 18th 2023.
View our FHN earnings forecast
.

How were First Horizon's earnings last quarter?

First Horizon Co. (NYSE:FHN) released its quarterly earnings results on Tuesday, April, 18th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by $0.01. The financial services provider earned $863 million during the quarter, compared to the consensus estimate of $871.36 million. First Horizon had a net margin of 24.76% and a trailing twelve-month return on equity of 13.53%. The firm's revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.38 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 25th. Investors of record on Friday, June 16th will be paid a dividend of $0.15 per share on Monday, July 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.43%. The ex-dividend date of this dividend is Thursday, June 15th.
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 5.43%. FHN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 37.04%. 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 of Directors has initiated a stock repurchase program on Tuesday, October 26th 2021, which authorizes the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 5.5% of its shares through open market purchases. Shares buyback programs are typically an indication 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."

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 BlackRock Inc. (13.90%), State Street Corp (4.35%), Franklin Resources Inc. (2.29%), Dimensional Fund Advisors LP (1.85%), Geode Capital Management LLC (1.41%) and FMR LLC (1.10%). Insiders that own company stock include Anthony J Restel, Colin V Reed, D Bryan Jordan, Daryl G Byrd, David T Popwell, Elizabeth A Ardoin, 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 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 $11.04.

How much money does First Horizon make?

First Horizon (NYSE:FHN) has a market capitalization of $5.94 billion and generates $3.51 billion in revenue each year. The financial services provider earns $900 million in net income (profit) each year or $1.62 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 6/5/2023 by MarketBeat.com Staff

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