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Massive "Lightning Line" Rollout Underway Across America… (Ad)
Stock market today: World shares mostly higher after S&P 500 tops 5,000
FMC stock just set a new ceiling higher, 50% higher indeed
S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
Laser breakthrough could send stock soaring 2,467% (Ad)
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
Massive "Lightning Line" Rollout Underway Across America… (Ad)
Recession risks are fading, business economists say, but political tensions pose threat to economy
Venezuela defends military buildup, accusing neighboring Guyana of granting illegal oil contracts
Massive "Lightning Line" Rollout Underway Across America… (Ad)
Stock market today: World shares mostly higher after S&P 500 tops 5,000
FMC stock just set a new ceiling higher, 50% higher indeed
S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
Laser breakthrough could send stock soaring 2,467% (Ad)
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
Massive "Lightning Line" Rollout Underway Across America… (Ad)
Recession risks are fading, business economists say, but political tensions pose threat to economy
Venezuela defends military buildup, accusing neighboring Guyana of granting illegal oil contracts
Massive "Lightning Line" Rollout Underway Across America… (Ad)
Stock market today: World shares mostly higher after S&P 500 tops 5,000
FMC stock just set a new ceiling higher, 50% higher indeed
S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
Laser breakthrough could send stock soaring 2,467% (Ad)
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
Massive "Lightning Line" Rollout Underway Across America… (Ad)
Recession risks are fading, business economists say, but political tensions pose threat to economy
Venezuela defends military buildup, accusing neighboring Guyana of granting illegal oil contracts
Massive "Lightning Line" Rollout Underway Across America… (Ad)
Stock market today: World shares mostly higher after S&P 500 tops 5,000
FMC stock just set a new ceiling higher, 50% higher indeed
NYSE:FHN

First Horizon (FHN) Stock Price, News & Analysis

$13.74
-0.05 (-0.36%)
(As of 02/9/2024 08:56 PM ET)
Today's Range
$13.65
$13.90
50-Day Range
$13.25
$15.13
52-Week Range
$8.99
$24.90
Volume
5.86 million shs
Average Volume
8.85 million shs
Market Capitalization
$7.68 billion
P/E Ratio
8.98
Dividend Yield
4.37%
Price Target
$14.35

First Horizon MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
4.4% Upside
$14.35 Price Target
Short Interest
Healthy
1.59% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.43
Upright™ Environmental Score
News Sentiment
0.80mentions of First Horizon in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.15%
From $1.42 to $1.55 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.80 out of 5 stars

Finance Sector

66th out of 849 stocks

National Commercial Banks Industry

12th out of 83 stocks


FHN stock logo

About First Horizon Stock (NYSE:FHN)

First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. The company operates through three segments: Regional Banking, Specialty Banking, and Corporate. It offers general banking services for consumers, businesses, financial institutions, and governments. The company provides underwriting services for bank-eligible securities and other fixed-income securities by financial subsidiaries; sells loans and derivatives; and offers advisory services. In addition, it offers commercial and business banking for business enterprises, consumer banking, and private client and wealth management services; and capital markets, professional commercial real estate, mortgage warehouse and asset-based lending, franchise and equipment finance, and corporate and correspondent banking. Further, the company provides transaction processing services including check clearing services and remittance processing, credit cards, investment, and sale of mutual fund and retail insurances, as well as trust, fiduciary, and agency services. First Horizon Corporation was founded in 1864 and is headquartered in Memphis, Tennessee.

FHN Stock Price History

FHN Stock News Headlines

COO Tammy LoCascio Named Woman of Impact
Biden Out, _______ In?
A new poll shows that two-thirds of Democrats want Biden to drop out of the 2024 race. The truth will shock you. 
First Horizon (NYSE:FHN) Rating Lowered to Sell at StockNews.com
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Most financial experts recommend including gold in your investment mix to protect against rising prices and keep wealth secure. Investors are discovering a little-known way to benefit from gold, which offers the chance to gain from higher gold prices and mining successes while avoiding the costs of operating mines.
First Horizon To Repurchase Up To $650 Mln Of Stock
Q4 2023 First Horizon Corp Earnings Call
See More Headlines
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Company Calendar

Ex-Dividend for 1/2 Dividend
12/14/2023
Dividend Payable
1/02/2024
Last Earnings
1/18/2024
Today
2/11/2024
Ex-Dividend for 4/1 Dividend
3/14/2024
Dividend Payable
4/01/2024
Next Earnings (Estimated)
4/16/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
National commercial banks
Sub-Industry
Regional Banks
CUSIP
32051710
Employees
7,542
Year Founded
1864

Price Target and Rating

Average Stock Price Target
$14.35
High Stock Price Target
$17.00
Low Stock Price Target
$12.00
Potential Upside/Downside
+4.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
11 Analysts

Profitability

Net Income
$896 million
Pretax Margin
22.37%

Debt

Sales & Book Value

Annual Sales
$5.03 billion
Cash Flow
$1.58 per share
Book Value
$15.70 per share

Miscellaneous

Free Float
553,741,000
Market Cap
$7.68 billion
Optionable
Optionable
Beta
0.95

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FHN Stock Analysis - Frequently Asked Questions

Should I buy or sell First Horizon stock right now?

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.
View FHN analyst ratings
or view top-rated stocks.

What is First Horizon's stock price target for 2024?

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.
View analysts price targets for FHN
or view top-rated stocks among Wall Street analysts.

How have FHN shares performed in 2024?

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.
View the best growth stocks for 2024 here
.

Are investors shorting First Horizon?

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.
View First Horizon's Short Interest
.

When is First Horizon's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 16th 2024.
View our FHN earnings forecast
.

How were First Horizon's earnings last quarter?

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.

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

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
.

Is First Horizon a good dividend stock?

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.

How will First Horizon's stock buyback program work?

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.

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).

Who are First Horizon's major shareholders?

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.
View institutional ownership trends
.

How do I buy shares of First Horizon?

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.
Compare Top Brokerages Here.

This page (NYSE:FHN) was last updated on 2/12/2024 by MarketBeat.com Staff

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