First Horizon (FHN) Stock Price, News & Analysis

14 Wall Street 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 analysts is that investors should "moderate buy" FHN shares.
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14 Wall Street analysts have issued 12 month target prices for First Horizon's shares. Their FHN share price targets range from $12.00 to $18.00. On average, they predict the company's share price to reach $16.00 in the next year. This suggests a possible upside of 14.0% from the stock's current price.
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First Horizon's stock was trading at $14.16 on January 1st, 2024. Since then, FHN shares have decreased by 0.9% and is now trading at $14.03.
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First Horizon saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 8,870,000 shares, a decrease 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 days-to-cover ratio is currently 1.2 days. Approximately 1.6% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 17th 2024.
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First Horizon will be holding an earnings conference call on Wednesday, April 17th at 9:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "492536".

First Horizon Co. (NYSE:FHN) released its quarterly earnings results on Thursday, January, 18th. The financial services provider reported $0.32 earnings per share for the quarter, beating the consensus estimate 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 net margin of 17.80% and a trailing twelve-month return on equity of 9.94%. During the same period in the previous year, the company earned $0.51 EPS.

First Horizon declared a quarterly dividend on Tuesday, January 23rd. Investors of record on Friday, March 15th will be given 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 4.28%. 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 4.23%. FHN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 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 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), iShares U.S. Regional Banks ETF (IAT), Invesco KBW Bank ETF (KBWB), First Trust Financial AlphaDEX Fund (FXO), SPDR S&P Bank ETF (KBE), Direxion Daily Regional Banks Bull 3X Shares (DPST), AltShares Merger Arbitrage ETF (ARB) and RiverFront Dynamic US Dividend Advantage ETF (RFDA).

First Horizon declared that its board has initiated a share repurchase 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 stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is 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 institutional and retail investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.14%), Duncan Williams Asset Management LLC (0.06%), Alaska Permanent Fund Corp (0.03%), &PARTNERS (0.03%), KMG Fiduciary Partners LLC (0.03%) and Gateway Investment Advisers LLC (0.01%). 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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