First Horizon (FHN) Stock Price, News & Analysis

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Horizon in the last year. There are currently 4 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" FHN shares.
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14 equities research analysts have issued 1 year target prices for First Horizon's shares. Their FHN share price targets range from $12.00 to $18.00. On average, they expect the company's stock price to reach $16.15 in the next year. This suggests a possible upside of 10.5% from the stock's current price.
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First Horizon's stock was trading at $14.16 at the start of the year. Since then, FHN shares have increased by 3.2% and is now trading at $14.62.
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First Horizon saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 8,870,000 shares, a decline of 23.9% from the March 15th total of 11,650,000 shares. Based on an average trading volume of 7,200,000 shares, the short-interest ratio is currently 1.2 days. Currently, 1.6% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 17th 2024.
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First Horizon Co. (NYSE:FHN) issued its earnings results on Wednesday, April, 17th. The financial services provider reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. The financial services provider had revenue of $819 million for the quarter, compared to analyst estimates of $809.51 million. First Horizon had a trailing twelve-month return on equity of 8.96% and a net margin of 16.07%. The business's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 earnings per share.

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 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend 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 4.23%. FHN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 41.96%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FHN will have a dividend payout ratio of 37.74% 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), Direxion Daily Regional Banks Bull 3x Shares (DPST), iShares U.S. Regional Banks ETF (IAT), Invesco KBW Bank ETF (KBWB), First Trust Financial AlphaDEX Fund (FXO), SPDR S&P Bank ETF (KBE), iShares Select Dividend ETF (DVY) and BNY Mellon Women's Opportunities ETF (BKWO).

First Horizon announced that its Board of Directors has authorized a share buyback plan on Tuesday, January 23rd 2024, which permits the company to buyback $650,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 7.7% of its shares through open market purchases. Shares buyback plans are typically 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's stock is owned by many different retail and institutional investors. Top institutional investors include Leeward Investments LLC MA (0.40%), Los Angeles Capital Management LLC (0.14%), Hodges Capital Management Inc. (0.07%), Duncan Williams Asset Management LLC (0.06%), Alaska Permanent Fund Corp (0.03%) and &PARTNERS (0.03%). 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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