First Horizon (FHN) Stock Price, News & Analysis

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for First Horizon in the last year. There are currently 5 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" FHN shares.
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11 brokers have issued 12 month price objectives for First Horizon's shares. Their FHN share price targets range from $12.00 to $17.00. On average, they expect the company's share price to reach $14.35 in the next twelve months. This suggests a possible upside of 4.4% from the stock's current price.
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First Horizon's stock was trading at $14.16 at the beginning of 2024. Since then, FHN stock has decreased by 3.0% and is now trading at $13.74.
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First Horizon saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 8,760,000 shares, an increase of 12.2% from the December 31st total of 7,810,000 shares. Based on an average daily volume of 8,770,000 shares, the short-interest ratio is currently 1.0 days. Approximately 1.6% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 16th 2024.
View our FHN earnings forecast.

First Horizon Co. (NYSE:FHN) announced its earnings results on Thursday, January, 18th. The financial services provider reported $0.32 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.01. The financial services provider earned $1.27 billion during the quarter, compared to analyst estimates of $784.20 million. First Horizon had a trailing twelve-month return on equity of 9.94% and a net margin of 17.80%. During the same period in the prior year, the business posted $0.51 EPS.

First Horizon announced a quarterly dividend on Tuesday, January 23rd. Shareholders of record on Friday, March 15th will be paid a dividend of $0.15 per share on Monday, April 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date is Thursday, March 14th.
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 4.37%. FHN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 38.71% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FHN.

ETFs with the largest weight of First Horizon (NYSE:FHN) stock in their portfolio include SPDR S&P Regional Banking ETF (KRE), iShares U.S. Regional Banks ETF (IAT), Invesco KBW Bank ETF (KBWB), SPDR S&P Bank ETF (KBE), First Trust Financial AlphaDEX Fund (FXO), Direxion Daily Regional Banks Bull 3x Shares (DPST), AltShares Merger Arbitrage ETF (ARB) and Affinity World Leaders Equity ETF (WLDR).

First Horizon announced that its Board of Directors has initiated a stock buyback plan on Tuesday, January 23rd 2024, which permits the company to repurchase $650,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 7.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board 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's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (1.73%), LSV Asset Management (1.59%), Norges Bank (1.09%), Clearbridge Investments LLC (0.72%), Charles Schwab Investment Management Inc. (0.66%) and Leeward Investments LLC MA (0.40%). Insiders that own company stock include Anthony J Restel, Colin V Reed, Colin V Reed, D Bryan Jordan, Daryl G Byrd, David T Popwell, R Eugene Taylor, Rosa Sugranes, Susan L Springfield, Tammy Locascio, Terry Lawson Akins, Vicki R Palmer, William C Losch III and William H Fenstermaker.
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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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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