S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NYSE:FHN

First Horizon (FHN) Stock Price, News & Analysis

$15.40
+0.08 (+0.52%)
(As of 03/28/2024 ET)
Today's Range
$15.28
$15.48
50-Day Range
$13.66
$15.40
52-Week Range
$8.99
$18.99
Volume
6.00 million shs
Average Volume
7.56 million shs
Market Capitalization
$8.55 billion
P/E Ratio
10.07
Dividend Yield
3.90%
Price Target
$14.68

First Horizon MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
3.1% Downside
$14.92 Price Target
Short Interest
Healthy
2.13% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.43
Upright™ Environmental Score
News Sentiment
1.09mentions of First Horizon in the last 14 days
Based on 14 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.

4.96 out of 5 stars

Finance Sector

15th out of 850 stocks

National Commercial Banks Industry

3rd out of 84 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 Regional Banking and Specialty Banking segments. It offers general banking services for consumers, businesses, financial institutions, and governments. The company also accepts deposits; provides underwriting services for bank-eligible securities and other fixed-income securities by financial subsidiaries; sells loans and derivatives; financial planning; and offers investment and financial advisory services. In addition, it offers mortgage banking; loan syndications; brokerage services; commercial and business banking for business enterprises, consumer banking, and private client and wealth management services; capital markets, professional commercial real estate, mortgage warehouse and asset-based lending, franchise and equipment finance, tax credit finance, energy and healthcare finance, asset management, and corporate and correspondent banking services. 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

Warning: this could blow your mind
Buckle up… ‘Cause this might shatter everything you’ve heard about “income trading”. In fact, it’s such an extreme diversion from what most people think of typical income trades that I call it: The Perfect Income Trade You see, most of the income techniques out there target a couple of percent. Maybe 5 - 10 percent if you’re lucky. But this new way of trading income on the world’s top stocks goes after more than 10x that kind of return. And here’s the best news of all: This trade can target an opportunity like that every week. Every single week. Meaning an investor has the chance to “stack up” these more aggressive income trades over and over. If that sounds interesting…
FHN Mar 2024 14.000 put
Did You Get Your Free Bitcoin Yet?
And my special guest is willing to give you $10 in Bitcoin (BTC) if you take it seriously. Right now is a very important time to pay attention to what we are doing and what is happening. If you wait... it will be too late. This week we are holding several workshops and if you attend and pay attention my special guest is going to send you $10 in Bitcoin.
The Analyst Landscape: 4 Takes On First Horizon
FHN Mar 2024 16.000 put
See More Headlines
Receive FHN Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for First Horizon and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 1/2 Dividend
12/14/2023
Dividend Payable
1/02/2024
Last Earnings
1/18/2024
Ex-Dividend for 4/1 Dividend
3/14/2024
Today
3/29/2024
Dividend Payable
4/01/2024
Next Earnings (Confirmed)
4/17/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
National commercial banks
Sub-Industry
Regional Banks
CUSIP
32051710
Employees
7,378
Year Founded
1864

Price Target and Rating

Average Stock Price Target
$14.92
High Stock Price Target
$18.00
Low Stock Price Target
$12.00
Potential Upside/Downside
-4.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
13 Analysts

Profitability

Net Income
$897 million
Pretax Margin
22.44%

Debt

Sales & Book Value

Annual Sales
$5.03 billion
Cash Flow
$1.75 per share
Book Value
$15.70 per share

Miscellaneous

Free Float
550,116,000
Market Cap
$8.55 billion
Optionable
Optionable
Beta
0.93

Social Links

The Next 7 Blockbuster Stocks for Growth Investors Cover

Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.

Get This Free Report

FHN Stock Analysis - Frequently Asked Questions

Should I buy or sell First Horizon stock right now?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Horizon in the last year. There are currently 5 hold ratings, 7 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.
View FHN analyst ratings
or view top-rated stocks.

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

13 Wall Street analysts have issued 12-month price objectives for First Horizon's stock. Their FHN share price targets range from $12.00 to $18.00. On average, they anticipate the company's stock price to reach $14.92 in the next year. This suggests that the stock has a possible downside of 3.1%.
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 start of the year. Since then, FHN stock has increased by 8.8% and is now trading at $15.40.
View the best growth stocks for 2024 here
.

Are investors shorting First Horizon?

First Horizon saw a decline in short interest in March. As of March 15th, there was short interest totaling 11,650,000 shares, a decline of 30.6% from the February 29th total of 16,780,000 shares. Based on an average daily trading volume, of 7,420,000 shares, the short-interest ratio is currently 1.6 days. Currently, 2.1% of the shares of the stock are sold short.
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 Wednesday, April 17th 2024.
View our FHN earnings forecast
.

How can I listen to First Horizon's earnings call?

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".

How were First Horizon's earnings last quarter?

First Horizon Co. (NYSE:FHN) released its earnings results on Thursday, January, 18th. The financial services provider reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. The financial services provider had revenue of $1.27 billion for 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 quarter in the prior year, the company posted $0.51 EPS.

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

First Horizon declared a quarterly dividend on Tuesday, January 23rd. Investors 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 3.90%. 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 4.06%. 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 declared that its Board of Directors has authorized a share buyback program on Tuesday, January 23rd 2024, which permits the company to buyback $650,000,000.00 in outstanding 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 programs are often a sign that the company's board of directors 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 variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.19%), Vanguard Group Inc. (10.19%), North Reef Capital Management LP (1.82%), Dimensional Fund Advisors LP (1.73%), LSV Asset Management (1.59%) and Balyasny Asset Management L.P. (1.19%). 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 3/29/2024 by MarketBeat.com Staff

From Our Partners