NYSE:FHN First Horizon (FHN) Stock Forecast, Price & News $11.04 +0.59 (+5.65%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$10.52▼$11.1050-Day Range$9.67▼$18.5952-Week Range$8.99▼$24.92Volume10.54 million shsAverage Volume16.29 million shsMarket Capitalization$5.94 billionP/E Ratio6.81Dividend Yield5.43%Price Target$25.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability First Horizon MarketRank™ ForecastAnalyst RatingModerate Buy2.75 Rating ScoreUpside/Downside126.4% Upside$25.00 Price TargetShort InterestHealthy5.55% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.43Upright™ Environmental ScoreNews Sentiment0.51Based on 7 Articles This WeekInsider TradingAcquiring Shares$320,525 Bought Last QuarterProj. Earnings Growth-2.98%From $1.68 to $1.63 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.99 out of 5 starsFinance Sector114th out of 873 stocksNational Commercial Banks Industry18th out of 84 stocks 3.4 Analyst's Opinion Consensus RatingFirst Horizon has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $25.00, First Horizon has a forecasted upside of 126.4% from its current price of $11.04.Amount of Analyst CoverageFirst Horizon has only been the subject of 4 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted5.55% of the float of First Horizon has been sold short.Short Interest Ratio / Days to CoverFirst Horizon has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in First Horizon has recently decreased by 0.17%, indicating that investor sentiment is improving. Previous Next 3.3 Dividend Strength Dividend LeadershipFirst Horizon is a leading dividend payer. It pays a dividend yield of 5.74%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthFirst Horizon does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of First Horizon is 37.04%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, First Horizon will have a dividend payout ratio of 36.81% next year. This indicates that First Horizon will be able to sustain or increase its dividend. Previous Next 3.3 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreFirst Horizon has received a 36.84% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Consumer savings accounts provided by brick and mortar banks", "Commercial deposit accounts", "Consumer transaction accounts provided by brick and mortar banks", "Cash withdrawal services", "Mortgages provided by brick and mortar banks", and "Mortgage loans for corporations" products. See details.Environmental SustainabilityThe Environmental Impact score for First Horizon is -0.43. Previous Next 3.1 News and Social Media Coverage News SentimentFirst Horizon has a news sentiment score of 0.51. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 7 news articles for First Horizon this week, compared to 6 articles on an average week.Search Interest23 people have searched for FHN on MarketBeat in the last 30 days. This is an increase of 28% compared to the previous 30 days.MarketBeat Follows16 people have added First Horizon to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, First Horizon insiders have bought more of their company's stock than they have sold. Specifically, they have bought $320,525.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 1.55% of the stock of First Horizon is held by insiders.Percentage Held by Institutions77.41% of the stock of First Horizon is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for First Horizon are expected to decrease by -2.98% in the coming year, from $1.68 to $1.63 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of First Horizon is 6.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.98.Price to Earnings Ratio vs. SectorThe P/E ratio of First Horizon is 6.81, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 163.98.Price to Earnings Growth RatioFirst Horizon has a PEG Ratio of 2.57. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioFirst Horizon has a P/B Ratio of 0.75. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About First Horizon (NYSE:FHN) StockFirst 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.Read More 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. Email Address FHN Stock News HeadlinesMay 4, 2023 | marketbeat.comPacWest, First Horizon Shares Plummet On Continued Bank Worries (FHN)Shares of PacWest Bancorp fell by over 41% as the company said it was in talks with investors, sparking concerns over the financial health of regional banks.June 2, 2023 | americanbankingnews.comFirst Horizon (NYSE:FHN) Shares Down 5.5% June 4, 2023 | Legacy Research (Affiliate) (Ad)“One-Stock Millionaire” IGNORES 99.9% of the MarketDuring the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.May 31, 2023 | technews.tmcnet.comThe Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of First Horizon Corporation (FHN) InvestorsMay 31, 2023 | seekingalpha.comFHN.PB First Horizon Corporation DEP SHS REP 1/400 NON CUM PER PFD SER BMay 26, 2023 | finance.yahoo.comFirst Horizon to Host Investor Day on Tuesday, June 6, 2023May 26, 2023 | americanbankingnews.comFirst Horizon (NYSE:FHN) Upgraded to Buy by Jefferies Financial GroupMay 25, 2023 | benzinga.comFirst Horizon Shareholder NoticeJune 4, 2023 | Legacy Research (Affiliate) (Ad)“One-Stock Millionaire” IGNORES 99.9% of the MarketDuring the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.May 25, 2023 | finance.yahoo.comTD Bank reports second-quarter income miss and issues medium-term profit warningMay 25, 2023 | americanbankingnews.comInsider Buying: First Horizon Co. (NYSE:FHN) Director Buys $22,040.00 in StockMay 25, 2023 | stockhouse.comFHN LAWSUIT ALERT: Levi & Korsinsky Notifies First Horizon Corporation Investors of a Class Action Lawsuit and Upcoming DeadlineMay 24, 2023 | msn.comJefferies Upgrades First Horizon (FHN)May 24, 2023 | msn.comJefferies turns bullish on First Horizon on robust capital, attractive valuationMay 24, 2023 | finance.yahoo.comWhy Shares of Toronto-Dominion Bank Are Down TodayMay 24, 2023 | bizjournals.comServisFirst Bank's regional CEO talks growth plans for Charlotte market, beyondMay 24, 2023 | cnbc.comBuy this beat-down regional bank with capital strength, Jefferies saysMay 23, 2023 | barrons.comS&P 500 Futures Decline in Premarket Trading; Brookfield, First Horizon LeadMay 22, 2023 | benzinga.comEntwistle & Cappucci LLP and Saxena White P.A. File a Securities Class Action Complaint Against Toronto-Dominion BankMay 22, 2023 | msn.comCanadian banks see earnings risk from commercial property loans, TD in focusMay 19, 2023 | msn.comWhy First Horizon Stock Rose 13.7% This WeekMay 19, 2023 | finance.yahoo.comWhy First Horizon Stock Rose 13.7% This WeekMay 18, 2023 | finance.yahoo.comFirst Horizon Earns Double Honor from Parity.OrgMay 18, 2023 | americanbankingnews.comFirst Horizon (NYSE:FHN) Shares Gap Up Following Insider Buying ActivityMay 17, 2023 | americanbankingnews.comWilliam H. Fenstermaker Buys 2,950 Shares of First Horizon Co. (NYSE:FHN) StockMay 17, 2023 | benzinga.comFirst Horizon Stock (NYSE:FHN), Insider Trading ActivityMay 17, 2023 | marketwatch.comFirst Horizon Corp $FHN Investment AnalysisSee More Headlines FHN Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart FHN Company Calendar Ex-Dividend for 4/3 Dividend3/16/2023Dividend Payable4/03/2023Last Earnings4/18/2023Today6/03/2023Ex-Dividend for 7/3 Dividend6/15/2023Dividend Payable7/03/2023Next Earnings (Estimated)7/18/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry National commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNYSE:FHN CUSIP32051710 CIK36966 Webwww.firsthorizon.com Phone(901) 523-4444Fax901-523-4945Employees7,542Year Founded1864Price Target and Rating Average Stock Price Forecast$25.00 High Stock Price Forecast$25.00 Low Stock Price Forecast$25.00 Forecasted Upside/Downside+126.4%Consensus RatingModerate Buy Rating Score (0-4)2.75 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$1.62 Trailing P/E Ratio6.81 Forward P/E Ratio6.57 P/E Growth2.57Net Income$900 million Net Margins24.76% Pretax Margin31.99% Return on Equity13.53% Return on Assets1.26% Debt Debt-to-Equity Ratio0.20 Current Ratio0.94 Quick Ratio0.93 Sales & Book Value Annual Sales$3.51 billion Price / Sales1.69 Cash Flow$2.13 per share Price / Cash Flow5.19 Book Value$14.65 per share Price / Book0.75Miscellaneous Outstanding Shares537,810,000Free Float529,476,000Market Cap$5.94 billion OptionableOptionable Beta0.89 Social Links Key ExecutivesD. Bryan JordanChairman, President & Chief Executive OfficerTammy S. LoCascioChief Operating Officer & Senior EVPHope DmuchowskiChief Financial Officer & Senior Executive VPBruce A. LivesayChief Information Officer & Executive VPSusan L. SpringfieldChief Credit Officer & Senior Executive VPKey CompetitorsBOK FinancialNASDAQ:BOKFWebster FinancialNYSE:WBSCullen/Frost BankersNYSE:CFRZions Bancorporation, National AssociationNASDAQ:ZIONF.N.B.NYSE:FNBView All CompetitorsInsiders & InstitutionsPrelude Capital Management LLCBought 78,207 shares on 6/1/2023Ownership: 0.078%Ontario Teachers Pension Plan BoardSold 2,308 shares on 6/1/2023Ownership: 0.004%Macquarie Group Ltd.Bought 6,536 shares on 6/1/2023Ownership: 0.003%ProShare Advisors LLCSold 42,131 shares on 5/26/2023Ownership: 0.006%Water Island Capital LLCBought 155,700 shares on 5/25/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions FHN Stock - Frequently Asked Questions Should I buy or sell First Horizon stock right now? 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for First Horizon in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FHN shares. View FHN analyst ratings or view top-rated stocks. What is First Horizon's stock price forecast for 2023? 4 Wall Street analysts have issued 1 year price targets for First Horizon's stock. Their FHN share price forecasts range from $25.00 to $25.00. On average, they anticipate the company's share price to reach $25.00 in the next twelve months. This suggests a possible upside of 126.4% from the stock's current price. 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 shares have decreased by 54.9% and is now trading at $11.04. View the best growth stocks for 2023 here. Are investors shorting First Horizon? First Horizon saw a decline in short interest in April. As of April 30th, there was short interest totaling 29,220,000 shares, a decline of 8.3% from the April 15th total of 31,870,000 shares. Based on an average daily trading volume, of 11,020,000 shares, the short-interest ratio is presently 2.7 days. Approximately 5.5% of the company's shares 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, July 18th 2023. View our FHN earnings forecast. How were First Horizon's earnings last quarter? First Horizon Co. (NYSE:FHN) released its earnings results on Tuesday, April, 18th. The financial services provider reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.46 by $0.01. The financial services provider earned $863 million during the quarter, compared to the consensus estimate of $871.36 million. First Horizon had a trailing twelve-month return on equity of 13.53% and a net margin of 24.76%. First Horizon's revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.38 earnings per share. How often does First Horizon pay dividends? What is the dividend yield for First Horizon? First Horizon declared a quarterly dividend on Tuesday, April 25th. Stockholders of record on Friday, June 16th will be given a dividend of $0.15 per share on Monday, July 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.43%. The ex-dividend date of this dividend is Thursday, June 15th. Read our dividend analysis for FHN. What ETFs hold First Horizon's stock? ETFs with the largest weight of First Horizon (NYSE:FHN) stock in their portfolio include AltShares Merger Arbitrage ETF (ARB), SPDR S&P Regional Banking ETF (KRE), First Trust Merger Arbitrage ETF (MARB), iShares U.S. Regional Banks ETF (IAT), AltShares Event-Driven ET (EVNT), Goldman Sachs Hedge Industry VIP ETF (GVIP), SPDR S&P Bank ETF (KBE) and Cambria Value and Momentum ETF (VAMO). 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 5.74%. FHN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 37.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FHN will have a dividend payout ratio of 36.81% 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 declared that its board has authorized a share repurchase program on Tuesday, October 26th 2021, which permits the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 5.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board 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 investors include BlackRock Inc. (13.90%), State Street Corp (4.35%), Franklin Resources Inc. (2.29%), Dimensional Fund Advisors LP (1.85%), Geode Capital Management LLC (1.41%) and FMR LLC (1.10%). Insiders that own company stock include Anthony J Restel, Colin V Reed, D Bryan Jordan, Daryl G Byrd, David T Popwell, Elizabeth A Ardoin, R Eugene Taylor, Rosa Sugranes, Susan L Springfield, Tammy Locascio, Terry Lawson Akins, Vicki R Palmer, William C Losch III and William H Fenstermaker. 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 $11.04. How much money does First Horizon make? First Horizon (NYSE:FHN) has a market capitalization of $5.94 billion and generates $3.51 billion in revenue each year. The financial services provider earns $900 million in net income (profit) each year or $1.62 on an earnings per share basis. How many employees does First Horizon have? The company employs 7,542 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 6/4/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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