S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
3 Stocks Set to Lead the Nasdaq Bull Market
The Day of Financial Reckoning Is Near (Ad)
3 Blowout Earnings Reports That Could Mark Turning Points
Companies facing 1st tax on stock buybacks in Biden bill
Will CrowdStrike Extend Its Streak Of Topping Earnings Views?
Sell every Stock except ONE (Ad)
Home Depot Results Point To Sluggish 2nd Half
Skyworks Solutions Is Worth A Look At These Prices 
Walmart Leads Retail Higher But Will The Group Follow? 
The 32-Second Options Trading "Training Video" Retirees Can't Get Enough Of (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
3 Stocks Set to Lead the Nasdaq Bull Market
The Day of Financial Reckoning Is Near (Ad)
3 Blowout Earnings Reports That Could Mark Turning Points
Companies facing 1st tax on stock buybacks in Biden bill
Will CrowdStrike Extend Its Streak Of Topping Earnings Views?
Sell every Stock except ONE (Ad)
Home Depot Results Point To Sluggish 2nd Half
Skyworks Solutions Is Worth A Look At These Prices 
Walmart Leads Retail Higher But Will The Group Follow? 
The 32-Second Options Trading "Training Video" Retirees Can't Get Enough Of (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
3 Stocks Set to Lead the Nasdaq Bull Market
The Day of Financial Reckoning Is Near (Ad)
3 Blowout Earnings Reports That Could Mark Turning Points
Companies facing 1st tax on stock buybacks in Biden bill
Will CrowdStrike Extend Its Streak Of Topping Earnings Views?
Sell every Stock except ONE (Ad)
Home Depot Results Point To Sluggish 2nd Half
Skyworks Solutions Is Worth A Look At These Prices 
Walmart Leads Retail Higher But Will The Group Follow? 
The 32-Second Options Trading "Training Video" Retirees Can't Get Enough Of (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
3 Stocks Set to Lead the Nasdaq Bull Market
The Day of Financial Reckoning Is Near (Ad)
3 Blowout Earnings Reports That Could Mark Turning Points
Companies facing 1st tax on stock buybacks in Biden bill
Will CrowdStrike Extend Its Streak Of Topping Earnings Views?
Sell every Stock except ONE (Ad)
Home Depot Results Point To Sluggish 2nd Half
Skyworks Solutions Is Worth A Look At These Prices 
Walmart Leads Retail Higher But Will The Group Follow? 
The 32-Second Options Trading "Training Video" Retirees Can't Get Enough Of (Ad)

First Horizon - FHN Stock Forecast, Price & News

$23.10
-0.10 (-0.43%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$23.09
$23.36
50-Day Range
$20.74
$23.20
52-Week Range
$14.67
$24.24
Volume
1.99 million shs
Average Volume
6.63 million shs
Market Capitalization
$12.35 billion
P/E Ratio
16.04
Dividend Yield
2.59%
Price Target
$22.00

First Horizon MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
4.8% Downside
$22.00 Price Target
Short Interest
Bearish
6.14% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.43
Upright™ Environmental Score
News Sentiment
-0.41mentions of First Horizon in the last 14 days
Based on 4 Articles This Week
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.

2.05 out of 5 stars

Finance Sector

731st out of 924 stocks

National Commercial Banks Industry

79th out of 89 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.

Analyst Upgrades and Downgrades

Separately, Truist Financial raised their price target on shares of First Horizon to $25.00 in a research note on Friday, June 3rd. One research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $22.00.

First Horizon Stock Down 0.4 %

FHN Stock opened at $23.10 on Wednesday. The business's 50-day moving average price is $22.16 and its 200-day moving average price is $21.95. The stock has a market cap of $12.35 billion, a P/E ratio of 16.04, a PEG ratio of 3.00 and a beta of 1.06. First Horizon has a twelve month low of $14.67 and a twelve month high of $24.24. 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 (NYSE:FHN - Get Rating) last posted its quarterly earnings data 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 return on equity of 12.27%. During the same period in the previous year, the firm posted $0.58 EPS. On average, equities research analysts forecast that First Horizon will post 1.51 EPS for the current year.

First Horizon Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 9th will be paid a $0.15 dividend. The ex-dividend date is Thursday, September 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.60%. First Horizon's payout ratio is 41.67%.

Insiders Place Their Bets

In related news, insider Anthony J. Restel sold 153,574 shares of the stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $23.01, for a total value of $3,533,737.74. Following the completion of the sale, the insider now owns 459,925 shares of the company's stock, valued at $10,582,874.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other First Horizon news, Chairman Daryl G. Byrd sold 99,458 shares of First Horizon stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $22.71, for a total transaction of $2,258,691.18. Following the completion of the sale, the chairman now directly owns 1,732,685 shares of the company's stock, valued at approximately $39,349,276.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anthony J. Restel sold 153,574 shares of the business's stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $23.01, for a total value of $3,533,737.74. Following the completion of the transaction, 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. 1.55% of the stock is owned by corporate insiders.

Receive FHN Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for First Horizon and its competitors with MarketBeat's FREE daily newsletter.

FHN Stock News Headlines

5 of the Best Stocks to Buy for August
Relative Strength Alert For First Horizon
See More Headlines
Receive FHN Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for First Horizon and its competitors with MarketBeat's FREE daily newsletter.

FHN Company Calendar

Ex-Dividend for 7/1 Dividend
6/09/2022
Dividend Payable
7/01/2022
Last Earnings
7/19/2022
Today
8/16/2022
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
-4.8%
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
$2.23 per share
Book Value
$14.52 per share

Miscellaneous

Free Float
526,413,000
Market Cap
$12.35 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 year. There are currently 9 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 2022?

9 equities research analysts have issued 12 month target prices for First Horizon's stock. Their FHN share price forecasts range from $17.00 to $25.00. On average, they predict the company's stock price to reach $22.00 in the next twelve months. This suggests that the stock has a possible downside of 4.8%.
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 at the beginning of 2022. Since then, FHN stock has increased by 41.5% and is now trading at $23.10.
View the best growth stocks for 2022 here
.

Are investors shorting First Horizon?

First Horizon saw a increase in short interest during 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 daily volume of 4,900,000 shares, the short-interest ratio is presently 7.6 days. Approximately 7.0% 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 Wednesday, October 19th 2022.
View our FHN earnings forecast
.

How were First Horizon's earnings last quarter?

First Horizon Co. (NYSE:FHN) announced its quarterly earnings results on Tuesday, July, 19th. The financial services provider reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.35 by $0.01. First Horizon had a trailing twelve-month return on equity of 12.27% and a net margin of 26.78%. During the same quarter 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 declared a quarterly dividend on Tuesday, July 26th. Stockholders 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 yield of 2.60%. 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 2.59%. 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 32.79% 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 authorized a stock repurchase plan on Tuesday, October 26th 2021, which allows the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 5.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors 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 number of retail and institutional investors. Top institutional shareholders 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 $23.10.

How much money does First Horizon make?

First Horizon (NYSE:FHN) has a market capitalization of $12.35 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.

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 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 8/17/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.