First Horizon (FHN) Stock Price, News & Analysis

14 Wall Street equities 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 equities research analysts is that investors should "moderate buy" FHN shares.
View FHN analyst ratings or view top-rated stocks.

14 brokerages 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 share price to reach $16.00 in the next year. This suggests a possible upside of 12.9% from the stock's current price.
View analysts price targets for FHN or view top-rated stocks among Wall Street analysts.

First Horizon's stock was trading at $14.16 at the start of the year. Since then, FHN stock has increased by 0.1% and is now trading at $14.17.
View the best growth stocks for 2024 here.

First Horizon saw a decrease in short interest in 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 daily 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 sold short.
View First Horizon's Short Interest.

First Horizon Co. (NYSE:FHN) released its quarterly 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 earned $819 million during the quarter, compared to the consensus estimate of $809.51 million. First Horizon had a trailing twelve-month return on equity of 9.94% and a net margin of 17.80%. The firm's quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 earnings per share.

First Horizon announced 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 annualized dividend and a dividend yield of 4.23%. 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 4.28%. 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), RiverFront Dynamic US Dividend Advantage ETF (RFDA) and Invesco S&P Ultra Dividend Revenue ETF (RDIV).

First Horizon declared that its board has initiated a share repurchase program on Tuesday, January 23rd 2024, which authorizes the company to buyback $650,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 7.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management 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 a variety of institutional and retail investors. Top institutional shareholders include 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%), &PARTNERS (0.03%) and KMG Fiduciary Partners LLC (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.
View institutional ownership trends.

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.