First Horizon - FHN Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Horizon in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" FHN shares.
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1 Wall Street research analysts have issued twelve-month 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 49.2% from the stock's current price.
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First Horizon's stock was trading at $24.50 at the start of the year. Since then, FHN shares have decreased by 31.6% and is now trading at $16.76.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 18th 2023.
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First Horizon Co. (NYSE:FHN) announced its quarterly earnings results on Wednesday, January, 18th. The financial services provider reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.01. The financial services provider earned $882 million during the quarter, compared to analyst estimates 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 prior year, the business posted $0.48 EPS.

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 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend is Thursday, March 16th.
Read our dividend analysis for FHN.

ETFs with the largest weight of First Horizon (NYSE:FHN) stock in their portfolio include AltShares Merger Arbitrage ETF (ARB), First Trust Merger Arbitrage ETF (MARB), SPDR S&P Regional Banking ETF (KRE), iShares U.S. Regional Banks ETF (IAT), Goldman Sachs Hedge Industry VIP ETF (GVIP), AltShares Event-Driven ET (EVNT), SPDR S&P Bank ETF (KBE) and Direxion Daily Regional Banks Bull 3x Shares (DPST).

First Horizon (NYSE:FHN) pays an annual dividend of $0.60 per share and currently has a dividend yield of 3.80%. 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 announced that its Board of Directors has initiated a share buyback 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 usually an indication that the company's leadership believes its shares are 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 retail and institutional investors. Top institutional investors include Barclays PLC (2.92%), Franklin Resources Inc. (2.19%), Charles Schwab Investment Management Inc. (2.15%), Dimensional Fund Advisors LP (2.05%), Soros Fund Management LLC (1.59%) and Geode Capital Management LLC (1.49%). Insiders that own company stock include Anthony J Restel, D Bryan Jordan, Daryl G Byrd, David T Popwell, Elizabeth A Ardoin, R Eugene Taylor, Susan L Springfield, Tammy Locascio, Terry Lawson Akins, Wendy P Davidson and William C Losch III.
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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 $16.76.

First Horizon (NYSE:FHN) has a market capitalization of $9.01 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 7,542 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.