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NYSE:FHN

First Horizon - FHN Stock Forecast, Price & News

$23.25
-0.12 (-0.51%)
(As of 09/26/2022 05:19 PM ET)
Add
Compare
Today's Range
$23.16
$23.38
50-Day Range
$21.91
$23.54
52-Week Range
$15.00
$24.24
Volume
3.05 million shs
Average Volume
6.11 million shs
Market Capitalization
$12.43 billion
P/E Ratio
16.15
Dividend Yield
2.57%
Price Target
$22.83

First Horizon MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
1.9% Downside
$22.83 Price Target
Short Interest
Healthy
4.52% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.43
Upright™ Environmental Score
News Sentiment
0.81mentions of First Horizon in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
18.24%
From $1.59 to $1.88 Per Share

Overall MarketRank

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

2.56 out of 5 stars

Finance Sector

391st out of 885 stocks

National Commercial Banks Industry

46th out of 88 stocks

FHN stock logo

About First Horizon (NYSE:FHN) Stock

First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. The company operates through three segments: Regional Banking, Specialty Banking, and Corporate. It offers general banking services for consumers, businesses, financial institutions, and governments. The company also underwrites bank-eligible securities and other fixed-income securities eligible for underwriting by financial subsidiaries; sells loans and derivatives; and offers advisory services. In addition, it offers various services, such as mortgage banking; title insurance and loan-closing; brokerage; correspondent banking; nationwide check clearing and remittance processing; trust, fiduciary, and agency; equipment finance; and investment and financial advisory services. Further, the company sells mutual fund and retail insurance products; and credit cards. It operates approximately 500 banking offices in 22 states under the First Horizon Bank brand; and 400 banking centers in 12 states under the FHN Financial brand in the United States. The company was formerly known as First Horizon National Corporation and changed its name to First Horizon Corporation in November 2020. First Horizon Corporation was founded in 1864 and is headquartered in Memphis, Tennessee.

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FHN Stock News Headlines

First Horizon (NYSE:FHN) Upgraded to "Hold" by StockNews.com
5 of the Best Stocks to Buy for August
Relative Strength Alert For First Horizon
See More Headlines
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FHN Company Calendar

Ex-Dividend for 7/1 Dividend
6/09/2022
Dividend Payable
7/01/2022
Last Earnings
7/19/2022
Ex-Dividend for 10/3 Dividend
9/08/2022
Today
9/26/2022
Dividend Payable
10/03/2022
Next Earnings (Confirmed)
10/18/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Regional Banks
Sector
Finance
CUSIP
32051710
Employees
7,867
Year Founded
1864

Price Target and Rating

Average Stock Price Forecast
$22.83
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$19.00
Forecasted Upside/Downside
-1.8%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
8 Analysts

Profitability

Net Income
$999 million
Pretax Margin
34.22%

Debt

Sales & Book Value

Annual Sales
$3.25 billion
Cash Flow
$2.22 per share
Book Value
$14.52 per share

Miscellaneous

Free Float
526,413,000
Market Cap
$12.43 billion
Optionable
Optionable
Beta
1.04

Social Links


Key Executives

  • Mr. D. Bryan JordanMr. D. Bryan Jordan (Age 60)
    Chairman & CEO
    Comp: $2.73M
  • Ms. Hope Dmuchowski (Age 43)
    Sr. EVP & CFO
    Comp: $852.25k
  • Mr. David T. PopwellMr. David T. Popwell (Age 62)
    Pres of Specialty Banking
    Comp: $1.52M
  • Mr. Daryl G. ByrdMr. Daryl G. Byrd (Age 67)
    Sr. Advisor
    Comp: $4.22M
  • Mr. Anthony J. RestelMr. Anthony J. Restel (Age 52)
    Pres of Regional Banking
    Comp: $1.46M
  • Ms. Tammy S. LoCascio (Age 53)
    Sr. EVP & COO
  • Mr. Jeff L. Fleming (Age 60)
    Exec. VP, Chief Accounting Officer & Corp. Controller
  • Ms. Ellen A. Taylor
    Exec. VP & Head of Investor Relations
  • Mr. Charles T. Tuggle Jr. (Age 73)
    Exec. VP & Gen. Counsel
  • Ms. Elizabeth A. ArdoinMs. Elizabeth A. Ardoin (Age 53)
    Sr. EVP & Chief of Communications













FHN Stock - Frequently Asked Questions

Should I buy or sell First Horizon stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Horizon in the last twelve months. There are currently 8 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" FHN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FHN, but not buy additional shares or sell existing shares.
View FHN analyst ratings
or view top-rated stocks.

What is First Horizon's stock price forecast for 2022?

8 brokers have issued twelve-month price objectives for First Horizon's stock. Their FHN share price forecasts range from $19.00 to $25.00. On average, they predict the company's stock price to reach $22.83 in the next year. This suggests that the stock has a possible downside of 2.3%.
View analysts price targets for FHN
or view top-rated stocks among Wall Street analysts.

How have FHN shares performed in 2022?

First Horizon's stock was trading at $16.33 on January 1st, 2022. Since then, FHN stock has increased by 43.1% and is now trading at $23.37.
View the best growth stocks for 2022 here
.

Are investors shorting First Horizon?

First Horizon saw a drop in short interest during the month of August. As of August 15th, there was short interest totaling 29,550,000 shares, a drop of 8.6% from the July 31st total of 32,330,000 shares. Based on an average daily trading volume, of 3,330,000 shares, the days-to-cover ratio is presently 8.9 days. Approximately 5.6% of the shares of the company 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 Tuesday, October 18th 2022.
View our FHN earnings forecast
.

How were First Horizon's earnings last quarter?

First Horizon Co. (NYSE:FHN) issued its earnings results on Tuesday, July, 19th. The financial services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by $0.01. The financial services provider earned $743 million during the quarter, compared to the consensus estimate of $729.10 million. First Horizon had a net margin of 26.78% and a trailing twelve-month return on equity of 12.27%. During the same period in the previous year, the business posted $0.58 EPS.

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

First Horizon declared a quarterly dividend on Tuesday, July 26th. Investors of record on Friday, September 9th will be given a dividend of $0.15 per share on Monday, October 3rd. This represents a $0.60 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Thursday, September 8th.
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 2.57%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 41.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FHN will have a dividend payout ratio of 31.91% 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 approved a stock buyback program on Tuesday, October 26th 2021, which allows the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 5.5% of its shares through open market purchases. Shares buyback programs are generally a sign 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 many different institutional and retail investors. Top institutional investors include State Street Corp (3.23%), FMR LLC (3.13%), Segantii Capital Management Ltd (2.22%), Franklin Resources Inc. (1.82%), Westchester Capital Management LLC (1.01%) and Versor Investments LP (0.85%). Insiders that own company stock include Anthony J Restel, D Bryan Jordan, Daryl G Byrd, David T Popwell, Elizabeth A Ardoin, R Eugene Taylor, Scott M Niswonger, Susan L Springfield, Terry Lawson Akins, Wendy P Davidson, William C Losch III and Yousef A Valine.
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 $23.37.

How much money does First Horizon make?

First Horizon (NYSE:FHN) has a market capitalization of $12.50 billion and generates $3.25 billion in revenue each year. The financial services provider earns $999 million in net income (profit) each year or $1.44 on an earnings per share basis.

How many employees does First Horizon have?

The company employs 7,867 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 9/26/2022 by MarketBeat.com Staff

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