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First Horizon (FHN) Stock Price, News & Analysis

-0.12 (-0.77%)
(As of 05/29/2024 ET)
Today's Range
50-Day Range
52-Week Range
8.55 million shs
Average Volume
6.82 million shs
Market Capitalization
$8.51 billion
P/E Ratio
Dividend Yield
Price Target

First Horizon MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.77 Rating Score
5.1% Upside
$16.36 Price Target
Short Interest
3.07% of Float Sold Short
Dividend Strength
Based on Four Factors
Upright™ Environmental Score
News Sentiment
0.41mentions of First Horizon in the last 14 days
Based on 9 Articles This Week
Insider Trading
Proj. Earnings Growth
From $1.50 to $1.64 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.

4.58 out of 5 stars

Finance Sector

142nd out of 874 stocks

National Commercial Banks Industry

25th out of 85 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

Cracking The Code: Understanding Analyst Reviews For First Horizon Lowers First Horizon (NYSE:FHN) to Sell
First Horizon's (NYSE:FHN) Dividend Will Be $0.15
First Horizon Corp FHN
See More Headlines
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Company Calendar

Ex-Dividend for 4/1 Dividend
Dividend Payable
Last Earnings
Ex-Dividend for 7/1 Dividend
Dividend Payable
Next Earnings (Estimated)
Fiscal Year End

Industry, Sector and Symbol

National commercial banks
Regional Banks
Year Founded

Price Target and Rating

Average Stock Price Target
High Stock Price Target
Low Stock Price Target
Potential Upside/Downside
Consensus Rating
Moderate Buy
Rating Score (0-4)
Research Coverage
13 Analysts


Net Income
$897 million
Pretax Margin


Sales & Book Value

Annual Sales
$5.03 billion
Cash Flow
$1.67 per share
Book Value
$15.82 per share


Free Float
Market Cap
$8.58 billion

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FHN Stock Analysis - Frequently Asked Questions

Should I buy or sell First Horizon stock right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Horizon in the last twelve months. There are currently 4 hold ratings, 8 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?

13 analysts have issued 1 year price targets for First Horizon's shares. Their FHN share price targets range from $12.00 to $19.00. On average, they anticipate the company's stock price to reach $16.36 in the next year. This suggests a possible upside of 5.1% 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 on January 1st, 2024. Since then, FHN shares have increased by 9.9% and is now trading at $15.56.
View the best growth stocks for 2024 here

Are investors shorting First Horizon?

First Horizon saw a increase in short interest in May. As of May 15th, there was short interest totaling 16,540,000 shares, an increase of 22.7% from the April 30th total of 13,480,000 shares. Based on an average daily volume of 6,020,000 shares, the short-interest ratio is currently 2.7 days. Approximately 3.1% 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 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 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%. First Horizon's revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 EPS.

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

First Horizon declared a quarterly dividend on Tuesday, April 23rd. Shareholders of record on Friday, June 14th will be paid a dividend of $0.15 per share on Monday, July 1st. This represents a $0.60 annualized dividend and a yield of 3.86%. The ex-dividend date is Friday, June 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 3.80%. 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 36.59% 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 declared that its board has authorized a share buyback program on Tuesday, January 23rd 2024, which allows the company to repurchase $650,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 7.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management 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 investors include Vanguard Group Inc. (10.37%), Bank of New York Mellon Corp (5.14%), LSV Asset Management (2.40%), Scout Investments Inc. (0.92%), Clearbridge Investments LLC (0.76%) and National Bank of Canada FI (0.73%). Insiders that own company stock include Anthony J Restel, Colin V Reed, Colin V Reed, D Bryan Jordan, Daryl G Byrd, David T Popwell, Rosa Sugranes, 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 5/29/2024 by Staff

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