S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
'Civil War’ continues box-office campaign at No. 1
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Tens of thousands of Colombians protest against the leftist president's reform agenda
Stock market today: World shares shrug off Wall St blues as investors eye corporate earnings
Japan's anti-monopoly body orders Google to fix ad search limits affecting Yahoo
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
'Civil War’ continues box-office campaign at No. 1
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Tens of thousands of Colombians protest against the leftist president's reform agenda
Stock market today: World shares shrug off Wall St blues as investors eye corporate earnings
Japan's anti-monopoly body orders Google to fix ad search limits affecting Yahoo
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
'Civil War’ continues box-office campaign at No. 1
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Tens of thousands of Colombians protest against the leftist president's reform agenda
Stock market today: World shares shrug off Wall St blues as investors eye corporate earnings
Japan's anti-monopoly body orders Google to fix ad search limits affecting Yahoo
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
'Civil War’ continues box-office campaign at No. 1
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Tens of thousands of Colombians protest against the leftist president's reform agenda
Stock market today: World shares shrug off Wall St blues as investors eye corporate earnings
Japan's anti-monopoly body orders Google to fix ad search limits affecting Yahoo

First Horizon (FHN) Stock Price, News & Analysis

$14.63
+0.35 (+2.45%)
(As of 04/19/2024 08:50 PM ET)
Today's Range
$14.21
$14.64
50-Day Range
$13.79
$15.40
52-Week Range
$8.99
$18.99
Volume
5.11 million shs
Average Volume
7.15 million shs
Market Capitalization
$8.12 billion
P/E Ratio
10.23
Dividend Yield
4.10%
Price Target
$16.15

First Horizon MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.79 Rating Score
Upside/​Downside
10.4% 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
0.72mentions of First Horizon in the last 14 days
Based on 32 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.

4.99 out of 5 stars

Finance Sector

5th out of 839 stocks

National Commercial Banks Industry

4th out of 80 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

Global crypto currency reset (41 major banks signed up)
Behind closed doors, at least 41 major US banks have signed up to a strange new crypto project...
StockNews.com Upgrades First Horizon (NYSE:FHN) to Hold
Global crypto currency reset (41 major banks signed up)
Behind closed doors, at least 41 major US banks have signed up to a strange new crypto project...
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
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.

Company Calendar

Ex-Dividend for 4/1 Dividend
3/14/2024
Dividend Payable
4/01/2024
Last Earnings
4/17/2024
Today
4/21/2024
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
+10.4%
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
$1.68 per share
Book Value
$15.59 per share

Miscellaneous

Free Float
550,116,000
Market Cap
$8.12 billion
Optionable
Optionable
Beta
0.94

Social Links

13 Stocks Institutional Investors Won't Stop Buying Cover

Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.

Get This Free Report

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 equities research analysts have issued twelve-month price objectives 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 twelve months. This suggests a possible upside of 10.4% 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 2024?

First Horizon's stock was trading at $14.16 at the beginning of 2024. Since then, FHN shares have increased by 3.3% and is now trading at $14.63.
View the best growth stocks for 2024 here
.

Are investors shorting First Horizon?

First Horizon saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 8,870,000 shares, a decrease 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 days-to-cover ratio is presently 1.2 days. Approximately 1.6% of the shares of the stock 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) issued its quarterly earnings results on Wednesday, April, 17th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. The financial services provider had revenue of $819 million for the quarter, compared to the consensus estimate of $809.51 million. First Horizon had a trailing twelve-month return on equity of 8.96% and a net margin of 16.07%. The business's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.46 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, January 23rd. Investors 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 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date 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 4.10%. 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 initiated a stock repurchase plan on Tuesday, January 23rd 2024, which authorizes the company to repurchase $650,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 7.7% of its shares through open market purchases. Shares repurchase plans are usually a sign 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%), Hodges Capital Management Inc. (0.07%), Duncan Williams Asset Management LLC (0.06%), Alaska Permanent Fund Corp (0.03%) and &PARTNERS (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 4/22/2024 by MarketBeat.com Staff

From Our Partners