First Horizon Co. (NYSE:FHN – Get Rating) – Equities research analysts at Jefferies Financial Group issued their FY2022 earnings per share estimates for First Horizon in a research note issued to investors on Wednesday, September 14th. Jefferies Financial Group analyst C. Haire forecasts that the financial services provider will earn $1.81 per share for the year. The consensus estimate for First Horizon’s current full-year earnings is $1.56 per share.
First Horizon (NYSE:FHN – Get Rating) last announced its quarterly earnings data on Tuesday, July 19th. The financial services provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). First Horizon had a net margin of 26.78% and a return on equity of 12.27%. During the same period last year, the business earned $0.58 earnings per share.
First Horizon Stock Down 0.6 %
Shares of FHN opened at $23.33 on Monday. First Horizon has a 52 week low of $14.67 and a 52 week high of $24.24. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $12.47 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 3.02 and a beta of 1.04. The stock’s 50-day moving average price is $22.68 and its 200-day moving average price is $22.64.
First Horizon Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Friday, September 9th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, September 8th. This represents a $0.60 dividend on an annualized basis and a yield of 2.57%. First Horizon’s dividend payout ratio is currently 41.67%.
Hedge Funds Weigh In On First Horizon
A number of hedge funds have recently made changes to their positions in the company. Captrust Financial Advisors raised its holdings in shares of First Horizon by 74.6% during the second quarter. Captrust Financial Advisors now owns 70,146 shares of the financial services provider’s stock valued at $1,544,000 after acquiring an additional 29,976 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of First Horizon by 38.0% during the second quarter. Legal & General Group Plc now owns 1,117,392 shares of the financial services provider’s stock valued at $24,427,000 after acquiring an additional 307,890 shares during the last quarter. ExodusPoint Capital Management LP raised its holdings in shares of First Horizon by 168.8% during the second quarter. ExodusPoint Capital Management LP now owns 271,694 shares of the financial services provider’s stock valued at $5,939,000 after acquiring an additional 170,615 shares during the last quarter. Walleye Capital LLC raised its holdings in shares of First Horizon by 316.5% during the second quarter. Walleye Capital LLC now owns 276,057 shares of the financial services provider’s stock valued at $6,035,000 after acquiring an additional 209,776 shares during the last quarter. Finally, Poplar Forest Capital LLC acquired a new position in shares of First Horizon during the second quarter valued at approximately $238,000. Institutional investors and hedge funds own 81.49% of the company’s stock.
About First Horizon
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.
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