First Horizon - FHN Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Horizon in the last twelve months. There are currently 7 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.

7 equities research analysts have issued 12 month target prices for First Horizon's stock. Their FHN share price forecasts range from $22.00 to $25.00. On average, they predict the company's share price to reach $24.25 in the next twelve months. This suggests that the stock has a possible downside of 2.0%.
View analysts price targets for FHN or view top-rated stocks among Wall Street analysts.

First Horizon's stock was trading at $24.50 at the beginning of the year. Since then, FHN shares have increased by 1.0% and is now trading at $24.74.
View the best growth stocks for 2023 here.

First Horizon saw a increase in short interest in December. As of December 30th, there was short interest totaling 29,650,000 shares, an increase of 16.4% from the December 15th total of 25,480,000 shares. Based on an average daily volume of 5,530,000 shares, the days-to-cover ratio is currently 5.4 days. Currently, 5.6% of the shares of the stock are sold short.
View First Horizon's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 18th 2023.
View our FHN earnings forecast.

First Horizon Co. (NYSE:FHN) released its earnings results on Wednesday, January, 18th. The financial services provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.01. The financial services provider earned $882 million during the quarter, compared to the consensus estimate of $883.23 million. First Horizon had a trailing twelve-month return on equity of 12.98% and a net margin of 25.66%. During the same period in the previous year, the business earned $0.48 earnings per share.

First Horizon declared a quarterly dividend on Tuesday, January 24th. Stockholders of record on Friday, March 17th will be given a dividend of $0.15 per share on Monday, April 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date is Thursday, March 16th.
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 2.43%. The dividend payout ratio is 39.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FHN will have a dividend payout ratio of 30.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FHN.

First Horizon declared that its Board of Directors has initiated 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 stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership 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 a variety of institutional and retail investors. Top institutional shareholders include Segantii Capital Management Ltd (0.71%), Versor Investments LP (0.35%), Sumitomo Mitsui Trust Holdings Inc. (0.29%), Retirement Systems of Alabama (0.28%), Bank of Montreal Can (0.26%) and National Bank of Canada FI (0.24%). 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, Tammy Locascio, Terry Lawson Akins, Wendy P Davidson and William C Losch III.
View institutional ownership trends.

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.

One share of FHN stock can currently be purchased for approximately $24.74.

First Horizon (NYSE:FHN) has a market capitalization of $13.28 billion and generates $3.51 billion in revenue each year. The financial services provider earns $900 million in net income (profit) each year or $1.53 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.