How have FHN shares performed this year?

First Horizon's stock was trading at $14.16 at the start of the year. Since then, FHN shares have increased by 9.2% and is now trading at $15.46. View the best growth stocks for 2024 here .

How were First Horizon's earnings last quarter?

First Horizon Co. (NYSE:FHN) released its quarterly earnings data on Wednesday, July, 17th. The financial services provider reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by $0.01. The financial services provider had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $819.82 million. First Horizon had a net margin of 14.03% and a trailing twelve-month return on equity of 8.84%.

Is First Horizon doing a stock buyback?

First Horizon's Board of Directors authorized a stock buyback program on Tuesday, January 23rd 2024, which authorizes the company to buy back $650,000,000 in shares, according to EventVestor. This means that the company could reacquire up to 7.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board of directors believes its stock is undervalued.

Who are First Horizon's major shareholders?

First Horizon's top institutional shareholders include Duncan Williams Asset Management LLC (0.07%), Bridge Creek Capital Management LLC (0.03%), Handelsbanken Fonder AB (0.02%) and SG Americas Securities LLC (0.01%). Insiders that own company stock include Daryl G Byrd , D Bryan Jordan , David T Popwell , Anthony J Restel , William H Fenstermaker , Colin V Reed , Colin V Reed , Tammy Locascio , Terry Lawson Akins , Vicki R Palmer and Rosa Sugranes . 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 .

What other stocks do shareholders of First Horizon own?

Based on aggregate information from My MarketBeat watchlists, some other companies that First Horizon investors own include General Electric (GE) , AT&T (T) , Bank of America (BAC) , Intel (INTC) , Cisco Systems (CSCO) , Pfizer (PFE) and Exxon Mobil (XOM) .

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NYSE:FHN

First Horizon (FHN) Stock Price, News & Analysis

$15.46

-0.18 (-1.15%)

(As of 10/8/2024 ET)

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About First Horizon Stock (NYSE:FHN)

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Key Stats

Today's Range: $15.44
▼
$15.78
50-Day Range: $14.62
▼
$16.84
52-Week Range: $10.16
▼
$17.46
Volume: 3.10 million shs
Average Volume: 6.53 million shs
Market Capitalization: $8.45 billion
P/E Ratio: 10.81
Dividend Yield: 3.88%
Price Target: $17.35
Consensus Rating: Moderate Buy

Company Overview

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.

First Horizon Stock Analysis - MarketRank™

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99th Percentile Overall Score

FHN MarketRank™:

First Horizon scored higher than 99% of companies evaluated by MarketBeat, and ranked 13th out of 932 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Consensus Rating
First Horizon has received a consensus rating of Moderate Buy. The company's average rating score is 2.62, and is based on 8 buy ratings, 5 hold ratings, and no sell ratings.
Amount of Analyst Coverage
First Horizon has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Read more about First Horizon's stock forecast and price target.

Earnings Growth
Earnings for First Horizon are expected to grow by 6.85% in the coming year, from $1.46 to $1.56 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of First Horizon is 10.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.65.
Price to Earnings Ratio vs. Sector
The P/E ratio of First Horizon is 10.81, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 43.69.
Price to Earnings Growth Ratio
First Horizon has a PEG Ratio of 3.17. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
First Horizon has a P/B Ratio of 0.98. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.
Read more about First Horizon's valuation and earnings.

Percentage of Shares Shorted
0.93% of the float of First Horizon has been sold short.
Short Interest Ratio / Days to Cover
First Horizon has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in First Horizon has recently decreased by 23.00%, indicating that investor sentiment is improving significantly.

Dividend Leadership
First Horizon is a leading dividend payer. It pays a dividend yield of 3.95%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
First Horizon does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of First Horizon is 41.96%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, First Horizon will have a dividend payout ratio of 38.46% next year. This indicates that First Horizon will be able to sustain or increase its dividend.
Read more about First Horizon's dividend.

Percentage of Shares Shorted
0.93% of the float of First Horizon has been sold short.
Short Interest Ratio / Days to Cover
First Horizon has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in First Horizon has recently decreased by 23.00%, indicating that investor sentiment is improving significantly.

News Sentiment
First Horizon has a news sentiment score of 0.77. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.67 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 13 news articles for First Horizon this week, compared to 7 articles on an average week.
Search Interest
8 people have searched for FHN on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.

Insider Buying vs. Insider Selling
In the past three months, First Horizon insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.87% of the stock of First Horizon is held by insiders.
Percentage Held by Institutions
80.28% of the stock of First Horizon is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Read more about First Horizon's insider trading history.

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FHN Stock News Headlines

First Horizon Bank named Official Bank of the Courage - NC Courage

October 7 at 3:29 PM | prnewswire.com

First Horizon Bank to Become First Naming Rights Partner of Greensboro Coliseum

October 7 at 2:17 PM | prnewswire.com

Musk’s new company could top a trillion?

The investment legend who predicted the rise of Bitcoin, Facebook and streaming services like Netflix… Just released the details on what he’s calling Elon’s Project X-9840.

October 8, 2024 | Paradigm Press (Ad)

First Horizon Foundation Commits $250,000 to Hurricane Helene Relief Efforts in Affected Communities

October 4, 2024 | prnewswire.com

Memphis Business Journal Names Erin Pryor One of the 2024 Super Women in Business

October 4, 2024 | prnewswire.com

First Horizon (FHN) Shares Cross Below 200 DMA

October 3, 2024 | nasdaq.com

First Horizon (NYSE:FHN) Given New $18.00 Price Target at Evercore ISI

October 3, 2024 | americanbankingnews.com

First Horizon Leaders Named to The Most Powerful Women in Banking(TM): Top Teams for 2024

October 2, 2024 | stockhouse.com

See More Headlines

FHN Stock Analysis - Frequently Asked Questions

: First Horizon's stock was trading at $14.16 at the start of the year. Since then, FHN shares have increased by 9.2% and is now trading at $15.46.
View the best growth stocks for 2024 here.
: First Horizon Co. (NYSE:FHN) released its quarterly earnings data on Wednesday, July, 17th. The financial services provider reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by $0.01. The financial services provider had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $819.82 million. First Horizon had a net margin of 14.03% and a trailing twelve-month return on equity of 8.84%.
: First Horizon's Board of Directors authorized a stock buyback program on Tuesday, January 23rd 2024, which authorizes the company to buy back $650,000,000 in shares, according to EventVestor. This means that the company could reacquire up to 7.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board of directors believes its stock is undervalued.
: First Horizon's top institutional shareholders include Duncan Williams Asset Management LLC (0.07%), Bridge Creek Capital Management LLC (0.03%), Handelsbanken Fonder AB (0.02%) and SG Americas Securities LLC (0.01%). Insiders that own company stock include Daryl G Byrd, D Bryan Jordan, David T Popwell, Anthony J Restel, William H Fenstermaker, Colin V Reed, Colin V Reed, Tammy Locascio, Terry Lawson Akins, Vicki R Palmer and Rosa Sugranes.
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.
: Based on aggregate information from My MarketBeat watchlists, some other companies that First Horizon investors own include General Electric (GE), AT&T (T), Bank of America (BAC), Intel (INTC), Cisco Systems (CSCO), Pfizer (PFE) and Exxon Mobil (XOM).

Company Calendar

Last Earnings: 7/17/2024
Ex-Dividend for 10/1 Dividend: 9/13/2024
Dividend Payable: 10/01/2024
Today: 10/08/2024
Next Earnings (Confirmed): 10/16/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: National commercial banks
Sub-Industry: Regional Banks
Current Symbol: NYSE:FHN
CUSIP: 32051710
CIK: 36966
Web: www.firsthorizon.com
Phone: (901) 523-4444
Fax: 901-523-4945
Employees: 7,378
Year Founded: 1864

Price Target and Rating

Average Stock Price Target: $17.35
High Stock Price Target: $19.00
Low Stock Price Target: $14.00
Potential Upside/Downside: +12.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.62
Research Coverage: 13 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.43
Trailing P/E Ratio: 10.81
Forward P/E Ratio: 10.59
P/E Growth: 3.17
Net Income: $897 million
Net Margins: 14.03%
Pretax Margin: 17.48%
Return on Equity: 8.84%
Return on Assets: 0.92%

Debt

Debt-to-Equity Ratio: 0.14
Current Ratio: 0.95
Quick Ratio: 0.95

Sales & Book Value

Annual Sales: $3.12 billion
Price / Sales: 2.71
Cash Flow: $1.66 per share
Price / Cash Flow: 9.31
Book Value: $15.70 per share
Price / Book: 0.98

Miscellaneous

Outstanding Shares: 546,868,000
Free Float: 542,110,000
Market Cap: $8.45 billion
Optionable: Optionable
Beta: 0.88

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This page (NYSE:FHN) was last updated on 10/8/2024 by MarketBeat.com Staff

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