First Horizon Stock Forecast, Price & News

$18.71
+0.04 (+0.21 %)
(As of 05/5/2021 12:00 AM ET)
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Today's Range
$18.66
$18.93
50-Day Range
$16.27
$18.55
52-Week Range
$6.93
$18.93
Volume3.59 million shs
Average Volume6.58 million shs
Market Capitalization$10.36 billion
P/E Ratio12.23
Dividend Yield3.21%
Beta1.55
30 days | 90 days | 365 days | Advanced Chart
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Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
CUSIP32051710
Phone901-523-4444
Employees6,697
Year Founded1864

Sales & Book Value

Annual Sales$2.28 billion
Cash Flow$2.40 per share
Book Value$16.00 per share

Profitability

Net Income$440.91 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap$10.36 billion
Next Earnings Date7/16/2021 (Estimated)
OptionableOptionable

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Headlines

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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 four segments: Regional Banking, Fixed Income, Corporate, and Non-Strategic. 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 490 banking offices in 12 states under the First Horizon Bank brand; and 29 offices in 18 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.

MarketRank

Overall MarketRank

2.31 out of 5 stars

Finance Sector

53rd out of 1,953 stocks

National Commercial Banks Industry

10th out of 164 stocks

Analyst Opinion: 1.4Community Rank: 2.0Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -
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First Horizon (NYSE:FHN) Frequently Asked Questions

Is First Horizon a buy right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for First Horizon in the last year. There are currently 2 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" First Horizon stock.
View analyst ratings for First Horizon
or view top-rated stocks.

What stocks does MarketBeat like better than First Horizon?

Wall Street analysts have given First Horizon a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but First Horizon wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting First Horizon?

First Horizon saw a increase in short interest in March. As of March 31st, there was short interest totaling 13,540,000 shares, an increase of 77.9% from the March 15th total of 7,610,000 shares. Based on an average daily trading volume, of 6,960,000 shares, the days-to-cover ratio is presently 1.9 days.
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 16th 2021.
View our earnings forecast for First Horizon
.

How were First Horizon's earnings last quarter?

First Horizon Co. (NYSE:FHN) issued its earnings results on Tuesday, April, 20th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.37 by $0.14. First Horizon had a net margin of 23.18% and a trailing twelve-month return on equity of 7.78%. During the same period in the prior year, the firm earned $0.19 earnings per share.
View First Horizon's earnings history
.

How has First Horizon's stock been impacted by Coronavirus (COVID-19)?

First Horizon's stock was trading at $9.79 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, FHN shares have increased by 91.1% and is now trading at $18.71.
View which stocks have been most impacted by COVID-19
.

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

First Horizon announced a quarterly dividend on Tuesday, April 27th. Shareholders of record on Friday, June 11th will be given a dividend of $0.15 per share on Thursday, July 1st. This represents a $0.60 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend is Thursday, June 10th.
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 3.21%. First Horizon has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of First Horizon is 36.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, First Horizon will have a dividend payout ratio of 46.88% next year. This indicates that First Horizon will be able to sustain or increase its dividend.
View First Horizon's dividend history.

What price target have analysts set for FHN?

9 equities research analysts have issued 12 month price objectives for First Horizon's stock. Their forecasts range from $10.00 to $21.00. On average, they expect First Horizon's share price to reach $13.44 in the next twelve months. This suggests that the stock has a possible downside of 28.1%.
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:
  • Mr. Daryl G. Byrd, Exec. Chairman (Age 66, Pay $25.39M)
  • Mr. D. Bryan Jordan, CEO, Pres & Director (Age 59, Pay $2.39M)
  • Mr. William C. Losch III, Sr. EVP & CFO (Age 50, Pay $1.22M)
  • Mr. Anthony J. Restel, Sr. EVP & COO (Age 51, Pay $9.96M)
  • Mr. Michael J. Brown, Pres of Regional Banking (Age 57, Pay $11.9M)
  • Mr. Bruce A. Livesay, Exec. VP & Chief Information Officer
  • Mr. Jeff L. Fleming, Exec. VP, Chief Accounting Officer & Corp. Controller (Age 59)
  • Ms. Ellen A. Taylor, Exec. VP & Head of Investor Relations
  • Mr. Charles T. Tuggle Jr., Exec. VP & Gen. Counsel (Age 72)
  • Ms. Elizabeth A. Ardoin, Sr. EVP & Chief Communications Officer (Age 52)

Who are some of First Horizon's key competitors?

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 retail and institutional investors. Top institutional shareholders include LSV Asset Management (0.93%), Strs Ohio (0.57%), Handelsbanken Fonder AB (0.43%), The Manufacturers Life Insurance Company (0.41%), Retirement Systems of Alabama (0.29%) and Ferguson Wellman Capital Management Inc. (0.22%). Company insiders that own First Horizon stock include Anthony J Restel, D Bryan Jordan, Daryl G Byrd, David T Popwell, Elizabeth A Ardoin, John M Daniel, Michael E Kisber, R Eugene Taylor, Scott M Niswonger, Susan L Springfield, Wendy P Davidson, William C Losch III and Yousef A Valine.
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 Assenagon Asset Management S.A., Hunter Perkins Capital Management LLC, Dalton Greiner Hartman Maher & Co., LSV Asset Management, Strs Ohio, Silverleafe Capital Partners LLC, TrimTabs Asset Management LLC, and The Manufacturers Life Insurance Company . Company insiders that have sold First Horizon company stock in the last year include Anthony J Restel, D Bryan Jordan, Daryl G Byrd, David T Popwell, Elizabeth A Ardoin, R Eugene Taylor, Susan L Springfield, 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 bought by a variety of institutional investors in the last quarter, including Ferguson Wellman Capital Management Inc., Victory Capital Management Inc., Flippin Bruce & Porter Inc., Advisors Management Group Inc. ADV, Dupont Capital Management Corp, Total Clarity Wealth Management Inc., Retirement Systems of Alabama, and Handelsbanken Fonder AB. Company insiders that have bought First Horizon stock in the last two years include Scott M Niswonger, and Wendy P Davidson.
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 $18.71.

How much money does First Horizon make?

First Horizon has a market capitalization of $10.36 billion and generates $2.28 billion in revenue each year. The financial services provider earns $440.91 million in net income (profit) each year or $1.66 on an earnings per share basis.

How many employees does First Horizon have?

First Horizon employs 6,697 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.

Where are First Horizon's headquarters?

First Horizon is headquartered at 165 MADISON AVENUE, MEMPHIS TN, 38103.

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 or via email at [email protected]


This page was last updated on 5/5/2021 by MarketBeat.com Staff
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