First Horizon - FHN Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Horizon in the last twelve months. There are currently 8 hold ratings for the stock. The consensus among Wall Street 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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8 brokers have issued twelve-month price objectives for First Horizon's stock. Their FHN share price forecasts range from $19.00 to $25.00. On average, they predict the company's stock price to reach $22.83 in the next year. This suggests that the stock has a possible downside of 2.3%.
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First Horizon's stock was trading at $16.33 on January 1st, 2022. Since then, FHN stock has increased by 43.1% and is now trading at $23.37.
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First Horizon saw a drop in short interest during the month of August. As of August 15th, there was short interest totaling 29,550,000 shares, a drop of 8.6% from the July 31st total of 32,330,000 shares. Based on an average daily trading volume, of 3,330,000 shares, the days-to-cover ratio is presently 8.9 days. Approximately 5.6% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 18th 2022.
View our FHN earnings forecast.

First Horizon Co. (NYSE:FHN) issued its earnings results on Tuesday, July, 19th. The financial services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by $0.01. The financial services provider earned $743 million during the quarter, compared to the consensus estimate of $729.10 million. 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 previous year, the business posted $0.58 EPS.

First Horizon declared 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 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Thursday, September 8th.
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 2.57%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. 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 31.91% 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 buyback program on Tuesday, October 26th 2021, which allows the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 5.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is 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 many different institutional and retail investors. Top institutional investors 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.
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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 $23.37.

First Horizon (NYSE:FHN) has a market capitalization of $12.50 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.

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.