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NYSE:FHN

First Horizon (FHN) Stock Forecast, Price & News

$23.10
+0.01 (+0.04%)
(As of 05/27/2022 12:00 AM ET)
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Compare
Today's Range
$22.60
$23.10
50-Day Range
$21.56
$23.62
52-Week Range
$14.67
$24.24
Volume
2.63 million shs
Average Volume
8.33 million shs
Market Capitalization
$12.35 billion
P/E Ratio
13.75
Dividend Yield
2.60%
Beta
1.14
30 days | 90 days | 365 days | Advanced Chart
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First Horizon logo

About First Horizon

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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Industry, Sector and Symbol

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

Sales & Book Value

Annual Sales
$3.25 billion
Cash Flow
$2.35 per share
Book Value
$14.37 per share

Profitability

Net Income
$999 million
Pretax Margin
39.34%

Debt

Price-To-Earnings

Miscellaneous

Free Float
526,413,000
Market Cap
$12.35 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 4/1 Dividend
3/10/2022
Dividend Payable
4/01/2022
Last Earnings
4/19/2022
Today
5/27/2022
Ex-Dividend for 7/1 Dividend
6/09/2022
Dividend Payable
7/01/2022
Next Earnings (Estimated)
7/15/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

2.52 out of 5 stars

Finance Sector

417th out of 1,381 stocks

National Commercial Banks Industry

51st out of 110 stocks

Analyst Opinion: 2.0Community Rank: 3.7Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -













First Horizon (NYSE:FHN) Frequently Asked Questions

Is First Horizon a buy right now?

9 Wall Street 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 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.

Are investors shorting First Horizon?

First Horizon saw a increase in short interest in April. As of April 15th, there was short interest totaling 25,890,000 shares, an increase of 24.1% from the March 31st total of 20,870,000 shares. Based on an average daily volume of 9,930,000 shares, the short-interest ratio is presently 2.6 days. Approximately 4.9% of the company's shares are sold short.
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 Friday, July 15th 2022.
View our earnings forecast for First Horizon
.

How were First Horizon's earnings last quarter?

First Horizon Co. (NYSE:FHN) posted its earnings results on Tuesday, April, 19th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.04. The financial services provider had revenue of $707 million for the quarter, compared to analyst estimates of $707.92 million. First Horizon had a net margin of 30.72% and a trailing twelve-month return on equity of 13.82%. During the same quarter in the prior year, the company earned $0.51 earnings per share.
View First Horizon's earnings history
.

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

First Horizon declared a quarterly dividend on Tuesday, April 26th. Stockholders of record on Friday, June 10th will be paid a dividend of $0.15 per share on Friday, July 1st. This represents a $0.60 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Thursday, June 9th.
View First Horizon's dividend history
.

Is First Horizon a good dividend stock?

First Horizon pays an annual dividend of $0.60 per share and currently has a dividend yield of 2.60%. The dividend payout ratio of First Horizon is 35.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, First Horizon will have a dividend payout ratio of 33.15% 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 repurchase program on Tuesday, October 26th 2021, which allows the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 5.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

What price target have analysts set for FHN?

9 Wall Street analysts have issued twelve-month price objectives for First Horizon's stock. Their forecasts range from $17.00 to $25.00. On average, they expect First Horizon's stock price to reach $21.29 in the next twelve months. This suggests that the stock has a possible downside of 7.9%.
View analysts' price targets for First Horizon
or view top-rated stocks among Wall Street analysts.

Who are First Horizon's key executives?
First Horizon's management team includes the following people:
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 shareholders include BlackRock Inc. (10.39%), Vanguard Group Inc. (9.61%), State Street Corp (3.60%), Bank of New York Mellon Corp (2.76%), LSV Asset Management (2.38%) and Dimensional Fund Advisors LP (2.22%). 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, Susan L Springfield, Terry Lawson Akins and William C Losch III.
View institutional ownership trends for First Horizon
.

Which institutional investors are selling First Horizon stock?

FHN stock was sold by a variety of institutional investors in the last quarter, including Fuller & Thaler Asset Management Inc., JPMorgan Chase & Co., Vanguard Group Inc., BlackRock Inc., Invesco Ltd., State Street Corp, LSV Asset Management, and Victory Capital Management Inc.. Company insiders that have sold First Horizon company stock in the last year include Daryl G Byrd, Terry Lawson Akins, and William C Losch III.
View insider buying and selling activity for First Horizon
or view top insider-selling stocks.

Which institutional investors are buying First Horizon stock?

FHN stock was acquired by a variety of institutional investors in the last quarter, including Segantii Capital Management Ltd, Bank of New York Mellon Corp, Versor Investments LP, Alpine Associates Management Inc., Bank of Montreal Can, Assenagon Asset Management S.A., Omni Event Management Ltd, and Canada Pension Plan Investment Board.
View insider buying and selling activity for First Horizon
or or view top insider-buying stocks.

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 $23.10.

How much money does First Horizon make?

First Horizon 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 $1.679990 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.

What is First Horizon's official website?

The official website for First Horizon is www.firsthorizon.com.

How can I contact First Horizon?

First Horizon's mailing address is 165 MADISON AVENUE, MEMPHIS TN, 38103. The financial services provider can be reached via phone at (901) 523-4444, via email at [email protected], or via fax at 901-523-4945.

This page was last updated on 5/27/2022 by MarketBeat.com Staff

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