First Horizon (FHN) Stock Price, News & Analysis

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for First Horizon in the last year. There are currently 4 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" FHN shares.
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14 brokerages have issued 1-year price objectives for First Horizon's stock. Their FHN share price targets range from $12.00 to $18.00. On average, they anticipate the company's share price to reach $16.15 in the next year. This suggests a possible upside of 9.1% from the stock's current price.
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First Horizon's stock was trading at $14.16 at the beginning of 2024. Since then, FHN stock has increased by 4.6% and is now trading at $14.81.
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First Horizon saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 10,060,000 shares, an increase of 13.4% from the March 31st total of 8,870,000 shares. Based on an average daily trading volume, of 6,570,000 shares, the short-interest ratio is presently 1.5 days. Approximately 1.8% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 17th 2024.
View our FHN earnings forecast.

First Horizon Co. (NYSE:FHN) issued its earnings results on Wednesday, April, 17th. The financial services provider reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. The financial services provider earned $819 million during the quarter, compared to analyst estimates 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 firm's revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.46 EPS.

First Horizon declared a quarterly dividend on Tuesday, April 23rd. Stockholders of record on Friday, June 14th will be given a dividend of $0.15 per share on Monday, July 1st. This represents a $0.60 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend is Friday, June 14th.
Read our dividend analysis for FHN.

First Horizon (NYSE:FHN) pays an annual dividend of $0.60 per share and currently has a dividend yield of 4.02%. 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 36.59% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FHN.

ETFs with the largest weight of First Horizon (NYSE:FHN) stock in their portfolio include SPDR S&P Regional Banking ETF (KRE), First Trust Nasdaq Bank ETF (FTXO), Direxion Daily Regional Banks Bull 3x Shares (DPST), iShares U.S. Regional Banks ETF (IAT), Invesco KBW Bank ETF (KBWB), SPDR S&P Bank ETF (KBE), First Trust Financial AlphaDEX Fund (FXO) and iShares Select Dividend ETF (DVY).

First Horizon announced that its board has initiated a share repurchase program on Tuesday, January 23rd 2024, which authorizes the company to buyback $650,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 7.7% of its shares through open market purchases. Shares buyback 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's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Bank of New York Mellon Corp (5.14%), Leeward Investments LLC MA (0.40%), Los Angeles Capital Management LLC (0.14%), New York State Teachers Retirement System (0.11%), Raymond James & Associates (0.08%) and Amalgamated Bank (0.07%). 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.
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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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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