First Horizon - FHN Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Horizon in the last year. 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 equities research analysts have issued 12-month target prices for First Horizon's stock. Their FHN share price forecasts range from $21.00 to $25.00. On average, they expect the company's share price to reach $23.60 in the next year. This suggests that the stock has a possible downside of 4.4%.
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First Horizon's stock was trading at $16.33 on January 1st, 2022. Since then, FHN shares have increased by 51.1% and is now trading at $24.68.
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First Horizon saw a increase in short interest in the month of October. As of October 31st, there was short interest totaling 29,790,000 shares, an increase of 12.8% from the October 15th total of 26,410,000 shares. Based on an average daily volume of 3,860,000 shares, the days-to-cover ratio is currently 7.7 days. Currently, 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 Thursday, January 19th 2023.
View our FHN earnings forecast.

First Horizon Co. (NYSE:FHN) released its earnings results on Tuesday, October, 18th. The financial services provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.45 by $0.01. The financial services provider had revenue of $875 million for the quarter, compared to the consensus estimate of $819.83 million. First Horizon had a net margin of 26.45% and a trailing twelve-month return on equity of 12.37%. During the same period in the previous year, the business posted $0.50 earnings per share.

First Horizon announced a quarterly dividend on Tuesday, October 25th. Shareholders of record on Friday, December 16th will be given a dividend of $0.15 per share on Tuesday, January 3rd. This represents a $0.60 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Thursday, December 15th.
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 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 40.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FHN will have a dividend payout ratio of 31.75% 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 authorized a stock buyback plan on Tuesday, October 26th 2021, which allows the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 5.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's management 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 a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.41%), Vanguard Group Inc. (9.87%), State Street Corp (3.46%), Barclays PLC (3.26%), Dimensional Fund Advisors LP (2.08%) and LSV Asset Management (1.68%). 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.
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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 $24.68.

First Horizon (NYSE:FHN) has a market capitalization of $13.25 billion and generates $3.25 billion in revenue each year. The financial services provider earns $999 million in net income (profit) each year or $1.48 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.