First Horizon - FHN Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Horizon in the last twelve months. There are currently 7 hold ratings for the stock. The consensus among Wall Street research 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.
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7 analysts have issued 1-year price targets for First Horizon's stock. Their FHN share price forecasts range from $22.00 to $25.00. On average, they expect the company's share price to reach $24.25 in the next twelve months. This suggests that the stock has a possible downside of 1.7%.
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First Horizon's stock was trading at $24.50 at the start of the year. Since then, FHN stock has increased by 0.7% and is now trading at $24.67.
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First Horizon saw a increase in short interest in the month of December. As of December 30th, there was short interest totaling 29,650,000 shares, an increase of 16.4% from the December 15th total of 25,480,000 shares. Based on an average trading volume of 5,530,000 shares, the short-interest ratio is presently 5.4 days. Currently, 5.6% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 18th 2023.
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First Horizon Co. (NYSE:FHN) announced its quarterly earnings results on Wednesday, January, 18th. The financial services provider reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.01. The financial services provider earned $882 million during the quarter, compared to analysts' expectations of $883.23 million. First Horizon had a trailing twelve-month return on equity of 12.98% and a net margin of 25.66%. During the same quarter in the previous year, the business earned $0.48 EPS.

First Horizon announced a quarterly dividend on Tuesday, January 24th. Investors of record on Friday, March 17th will be given a dividend of $0.15 per share on Monday, April 3rd. This represents a $0.60 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend is Thursday, March 16th.
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 2.42%. The dividend payout ratio is 39.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FHN will have a dividend payout ratio of 30.00% 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 of Directors has approved a stock repurchase plan on Tuesday, October 26th 2021, which permits the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 5.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its shares are 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 a variety of retail and institutional investors. Top institutional shareholders include Segantii Capital Management Ltd (0.71%), Versor Investments LP (0.35%), Sumitomo Mitsui Trust Holdings Inc. (0.29%), Bank of Montreal Can (0.26%), National Bank of Canada FI (0.24%) and Private Management Group Inc. (0.10%). 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, Tammy Locascio, Terry Lawson Akins, Wendy P Davidson and William C Losch III.
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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 $24.67.

First Horizon (NYSE:FHN) has a market capitalization of $13.24 billion and generates $3.51 billion in revenue each year. The financial services provider earns $900 million in net income (profit) each year or $1.53 on an earnings per share basis.

The company employs 7,867 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.