First Horizon (FHN) Stock Forecast, Price & News

4 Wall Street research 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 research analysts is that investors should "buy" FHN shares.
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4 brokers have issued 12-month price targets for First Horizon's shares. Their FHN share price forecasts range from $25.00 to $25.00. On average, they expect the company's share price to reach $25.00 in the next twelve months. This suggests a possible upside of 125.8% from the stock's current price.
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First Horizon's stock was trading at $24.50 at the beginning of 2023. Since then, FHN shares have decreased by 54.8% and is now trading at $11.07.
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First Horizon saw a drop in short interest in 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 trading volume of 11,020,000 shares, the short-interest ratio is presently 2.7 days. Currently, 5.5% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 18th 2023.
View our FHN earnings forecast.

First Horizon Co. (NYSE:FHN) posted its quarterly earnings results on Tuesday, April, 18th. The financial services provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by $0.01. The financial services provider earned $863 million during the quarter, compared to analyst estimates 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 company's revenue for the quarter was up 22.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 EPS.

First Horizon announced a quarterly dividend on Tuesday, April 25th. Shareholders 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 5.42%. The ex-dividend date is Thursday, June 15th.
Read our dividend analysis for FHN.

ETFs with the largest weight of First Horizon (NYSE:FHN) stock in their portfolio include AltShares Merger Arbitrage ETF (ARB), SPDR S&P Regional Banking ETF (KRE), First Trust Merger Arbitrage ETF (MARB), iShares U.S. Regional Banks ETF (IAT), AltShares Event-Driven ETF (EVNT), Goldman Sachs Hedge Industry VIP ETF (GVIP), SPDR S&P Bank ETF (KBE) and Cambria Value and Momentum ETF (VAMO).

First Horizon (NYSE:FHN) pays an annual dividend of $0.60 per share and currently has a dividend yield of 5.74%. 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.

First Horizon announced that its board has initiated a share repurchase program on Tuesday, October 26th 2021, which authorizes the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 5.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's leadership 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."

First Horizon's stock is owned by many different 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.
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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 $11.07.

First Horizon (NYSE:FHN) has a market capitalization of $5.95 billion and generates $3.27 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.

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.