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NYSE:FHN

First Horizon - FHN Stock Forecast, Price & News

$24.69
-0.03 (-0.12%)
(As of 02/3/2023 04:28 PM ET)
Add
Compare
Today's Range
$24.63
$24.73
50-Day Range
$24.41
$24.85
52-Week Range
$16.78
$24.92
Volume
3.08 million shs
Average Volume
4.09 million shs
Market Capitalization
$13.25 billion
P/E Ratio
16.14
Dividend Yield
2.42%
Price Target
$24.25

First Horizon MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
1.8% Downside
$24.25 Price Target
Short Interest
Bearish
5.72% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.43
Upright™ Environmental Score
News Sentiment
0.81mentions of First Horizon in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$4.34 M Sold Last Quarter
Proj. Earnings Growth
6.38%
From $1.88 to $2.00 Per Share

Overall MarketRank

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

1.99 out of 5 stars

Finance Sector

593rd out of 865 stocks

National Commercial Banks Industry

61st out of 83 stocks

FHN stock logo

About First Horizon (NYSE:FHN) Stock

First Horizon Corp. (Tennessee) operates as a financial holding company, which engages in the provision of checking accounts, savings products, mortgage banking, lending, and financing to individuals and businesses. It operates the business through three segments: Regional Banking, Specialty Banking, and Corporate. The Regional Banking segment offers financial products and services, including traditional lending and deposit taking, to retail and commercial customers. The Specialty Banking segment consists of lines of business that deliver product offerings and services with specialized industry knowledge. The Corporate segment focuses on corporate support functions such as risk management, audit, accounting, finance, executive office, and corporate communications. The company was founded by Frank S. Davis in 1864 and is headquartered in Memphis, TN.

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FHN Stock News Headlines

First Horizon Declares $0.15 Dividend
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First Horizon National Q4 Profit Increases, beats estimates
First Horizon National's Earnings Outlook
TD Bank: My #1 Dividend Stock For 2023 And Beyond
See More Headlines
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FHN Company Calendar

Ex-Dividend for 1/3 Dividend
12/15/2022
Dividend Payable
1/03/2023
Last Earnings
1/18/2023
Today
2/03/2023
Ex-Dividend for 4/3 Dividend
3/16/2023
Dividend Payable
4/03/2023
Next Earnings (Estimated)
4/18/2023
Fiscal Year End
12/31/2023

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
$24.25
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$22.00
Forecasted Upside/Downside
-1.8%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
7 Analysts

Profitability

Net Income
$900 million
Pretax Margin
33.00%

Debt

Sales & Book Value

Annual Sales
$3.51 billion
Cash Flow
$1.92 per share
Book Value
$14.03 per share

Miscellaneous

Free Float
528,484,000
Market Cap
$13.25 billion
Optionable
Optionable
Beta
0.93

Social Links


Key Executives

  • D. Bryan JordanD. Bryan Jordan
    Chairman, President & Chief Executive Officer
  • Tammy S. LoCascio
    COO, Chief Human Resources Officer & Senior EVP
  • Hope Dmuchowski
    Chief Financial Officer & Senior Executive VP
  • Bruce A. Livesay
    Chief Information Officer & Executive VP
  • Susan L. SpringfieldSusan L. Springfield
    Chief Credit Officer & Senior Executive VP













FHN Stock - Frequently Asked Questions

Should I buy or sell First Horizon stock right now?

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.
View FHN analyst ratings
or view top-rated stocks.

What is First Horizon's stock price forecast for 2023?

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%.
View analysts price targets for FHN
or view top-rated stocks among Wall Street analysts.

How have FHN shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

Are investors shorting First Horizon?

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.
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, April 18th 2023.
View our FHN earnings forecast
.

How were First Horizon's earnings last quarter?

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.

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

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
.

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 2.42%. 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.

How will First Horizon's stock buyback program work?

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.

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 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.
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 $24.67.

How much money does First Horizon make?

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.

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 2/3/2023 by MarketBeat.com Staff