S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
Musk says Twitter deal could move ahead with 'bot' info
Dems' climate, energy, tax bill clears initial Senate hurdle
Demand for grocery delivery cools as food costs rise
Senate rules referee weakens Dem drug plan in economic bill
Dems push Biden climate, health priorities toward Senate OK
China July exports rise, with trade surplus at record-high
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
Musk says Twitter deal could move ahead with 'bot' info
Dems' climate, energy, tax bill clears initial Senate hurdle
Demand for grocery delivery cools as food costs rise
Senate rules referee weakens Dem drug plan in economic bill
Dems push Biden climate, health priorities toward Senate OK
China July exports rise, with trade surplus at record-high
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
Musk says Twitter deal could move ahead with 'bot' info
Dems' climate, energy, tax bill clears initial Senate hurdle
Demand for grocery delivery cools as food costs rise
Senate rules referee weakens Dem drug plan in economic bill
Dems push Biden climate, health priorities toward Senate OK
China July exports rise, with trade surplus at record-high
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
Musk says Twitter deal could move ahead with 'bot' info
Dems' climate, energy, tax bill clears initial Senate hurdle
Demand for grocery delivery cools as food costs rise
Senate rules referee weakens Dem drug plan in economic bill
Dems push Biden climate, health priorities toward Senate OK
China July exports rise, with trade surplus at record-high
NYSE:FHN

First Horizon (FHN) Stock Forecast, Price & News

$23.00
+0.13 (+0.57%)
(As of 08/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$22.81
$23.00
50-Day Range
$20.74
$23.10
52-Week Range
$14.67
$24.24
Volume
2.41 million shs
Average Volume
2.73 million shs
Market Capitalization
$12.30 billion
P/E Ratio
15.97
Dividend Yield
2.61%
Price Target
$22.00

First Horizon MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
4.3% Downside
$22.00 Price Target
Short Interest
Healthy
6.45% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.43
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$8.82 M Sold Last Quarter
Proj. Earnings Growth
21.19%
From $1.51 to $1.83 Per Share

Overall MarketRank

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

2.34 out of 5 stars

Finance Sector

530th out of 1,176 stocks

National Commercial Banks Industry

55th out of 102 stocks

First Horizon 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.

First Horizon Trading Up 0.6 %

Shares of First Horizon stock traded up $0.13 on Friday, hitting $23.00. The stock had a trading volume of 2,412,711 shares, compared to its average volume of 2,733,718. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.21. First Horizon has a one year low of $14.67 and a one year high of $24.24. The stock has a market cap of $12.30 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 2.96 and a beta of 1.06. The stock's 50-day simple moving average is $22.13 and its two-hundred day simple moving average is $21.64.

First Horizon (NYSE:FHN - Get Rating) last issued its earnings results on Tuesday, July 19th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01). First Horizon had a return on equity of 12.27% and a net margin of 26.78%. During the same quarter in the prior year, the firm posted $0.58 earnings per share. As a group, sell-side analysts predict that First Horizon will post 1.51 EPS for the current year.

First Horizon Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 9th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Thursday, September 8th. First Horizon's dividend payout ratio is 41.67%.

Analyst Upgrades and Downgrades

FHN has been the topic of a number of recent analyst reports. Truist Financial raised their target price on shares of First Horizon to $25.00 in a research note on Friday, June 3rd. StockNews.com downgraded shares of First Horizon from a "hold" rating to a "sell" rating in a research note on Friday, April 15th. One investment analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $22.00.

Insider Transactions at First Horizon

In related news, Chairman Daryl G. Byrd sold 99,458 shares of First Horizon stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $22.71, for a total value of $2,258,691.18. Following the sale, the chairman now owns 1,732,685 shares in the company, valued at $39,349,276.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Chairman Daryl G. Byrd sold 99,458 shares of First Horizon stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $22.71, for a total value of $2,258,691.18. Following the sale, the chairman now owns 1,732,685 shares in the company, valued at $39,349,276.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Anthony J. Restel sold 153,574 shares of First Horizon stock in a transaction on Friday, May 27th. The shares were sold at an average price of $23.01, for a total transaction of $3,533,737.74. Following the completion of the sale, the insider now owns 459,925 shares in the company, valued at approximately $10,582,874.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 385,377 shares of company stock worth $8,824,237. Insiders own 1.55% of the company's stock.

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FHN Stock News Headlines

5 of the Best Stocks to Buy for August
First Horizon (FHN) to Release Quarterly Earnings on Tuesday
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
Today
8/07/2022
Ex-Dividend for 10/3 Dividend
9/08/2022
Dividend Payable
10/03/2022
Next Earnings (Estimated)
10/19/2022
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
$22.00
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$17.00
Forecasted Upside/Downside
-4.3%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
9 Analysts

Profitability

Net Income
$999 million
Pretax Margin
34.22%

Debt

Sales & Book Value

Annual Sales
$3.25 billion
Cash Flow
$2.24 per share
Book Value
$14.10 per share

Miscellaneous

Free Float
526,413,000
Market Cap
$12.30 billion
Optionable
Optionable
Beta
1.06

Social Links















FHN Stock - Frequently Asked Questions

Should I buy or sell First Horizon stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Horizon in the last twelve months. There are currently 9 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" First Horizon stock. 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 analyst ratings for First Horizon
or view top-rated stocks.

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

9 equities research analysts have issued 12-month target prices for First Horizon's stock. Their FHN stock forecasts range from $17.00 to $25.00. On average, they predict First Horizon's share price to reach $22.00 in the next twelve months. This suggests that the stock has a possible downside of 4.3%.
View analysts' price targets for First Horizon
or view top-rated stocks among Wall Street analysts.

How has First Horizon's stock price performed in 2022?

First Horizon's stock was trading at $16.33 at the beginning of the year. Since then, FHN stock has increased by 40.8% and is now trading at $23.00.
View the best growth stocks for 2022 here
.

Are investors shorting First Horizon?

First Horizon saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 37,070,000 shares, an increase of 25.1% from the June 15th total of 29,640,000 shares. Based on an average trading volume of 4,900,000 shares, the days-to-cover ratio is currently 7.6 days. Currently, 7.0% of the shares of the company are short sold.
View First Horizon's Short Interest
.

When is First Horizon's next earnings date?

First Horizon is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our earnings forecast for First Horizon
.

How were First Horizon's earnings last quarter?

First Horizon Co. (NYSE:FHN) posted its quarterly earnings results on Tuesday, July, 19th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by $0.01. 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 prior year, the business earned $0.58 EPS.

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

First Horizon announced 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 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Thursday, September 8th.
View First Horizon's dividend history
.

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 2.61%. The dividend payout ratio of First Horizon is 41.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, First Horizon will have a dividend payout ratio of 32.79% next year. This indicates that First Horizon will be able to sustain or increase its dividend.
View First Horizon's dividend history.

How will First Horizon's stock buyback program work?

First Horizon announced that its Board of Directors has authorized a share buyback plan on Tuesday, October 26th 2021, which authorizes the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 5.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors 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 a variety of retail and institutional investors. Top institutional shareholders include Segantii Capital Management Ltd (2.22%), Versor Investments LP (0.85%), Assenagon Asset Management S.A. (0.65%), Bank of Nova Scotia (0.63%), Parnassus Investments LLC (0.57%) and Retirement Systems of Alabama (0.28%). Company insiders that own First Horizon 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 for First Horizon
.

How do I buy shares of First Horizon?

Shares of FHN 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 $23.00.

How much money does First Horizon make?

First Horizon (NYSE:FHN) has a market capitalization of $12.30 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?

First Horizon employs 7,867 workers across the globe.

When was First Horizon founded?

First Horizon was founded in 1864.

How can I contact First Horizon?

First Horizon's mailing address is 165 MADISON AVENUE, MEMPHIS TN, 38103. The official website for First Horizon 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 8/7/2022 by MarketBeat.com Staff

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