First Horizon (FHN) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $19.10 to $19.97
• 50-Day Range: $16.37 to $21.43
• 52-Week Range: $12.95 to $21.72
• Volume: 19.42 million shs
• Average Volume: 6.60 million shs
• Market Capitalization: $10.57 billion
• P/E Ratio: 14.45
• Dividend Yield: 3.01%
• Price Target: $21.00
• Consensus Rating: Moderate Buy

First Horizon Stock Analysis - MarketRank™

First Horizon scored higher than 87% of companies evaluated by MarketBeat, and ranked 198th out of 937 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

First Horizon has received a consensus rating of Moderate Buy. The company's average rating score is 2.54, and is based on 7 buy ratings, 6 hold ratings, and no sell ratings.

Amount of Analyst Coverage

First Horizon has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 4.03%

Earnings Growth

Earnings for First Horizon are expected to grow by 4.03% in the coming year, from $1.49 to $1.55 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of First Horizon is 14.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.80.

Price to Earnings Ratio vs. Sector

The P/E ratio of First Horizon is 14.45, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 34.17.

Price to Earnings Growth Ratio

First Horizon has a PEG Ratio of 1.54. 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 1.27. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.96% 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 1.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in First Horizon has recently increased by 1.18%, indicating that investor sentiment is decreasing.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

First Horizon pays a meaningful dividend of 2.96%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

First Horizon does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of First Horizon is 43.48%. 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 38.71% next year. This indicates that First Horizon will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.3 / 5
• Environmental Score: -0.43

Percentage of Shares Shorted

1.96% 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 1.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in First Horizon has recently increased by 1.18%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.33

News Sentiment

First Horizon has a news sentiment score of 0.33. 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 lower news sentiment than the 0.79 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 17 news articles for First Horizon this week, compared to 9 articles on an average week.

Search Interest

Only 8 people have searched for FHN on MarketBeat in the last 30 days. This is a decrease of -43% compared to the previous 30 days.

MarketBeat Follows

3 people have added First Horizon to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, First Horizon insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,195,456.00 in 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.

FHN Stock Analysis - Frequently Asked Questions

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 40.8% and is now trading at $19.94.
View the best growth stocks for 2024 here.

How were First Horizon's earnings last quarter?

First Horizon Co. (NYSE:FHN) issued its quarterly earnings results on Wednesday, October, 16th. The financial services provider reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. The financial services provider earned $1.32 billion during the quarter, compared to the consensus estimate of $821.63 million. First Horizon had a net margin of 15.43% and a trailing twelve-month return on equity of 9.51%.

Is First Horizon doing a stock buyback?

First Horizon's board authorized a stock buyback program on Tuesday, October 29th 2024, which allows the company to buy back $1,000,000,000 in outstanding shares, according to EventVestor. This means that the company could repurchase up to 10.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its stock is undervalued.

Who are First Horizon's major shareholders?

Top institutional shareholders of First Horizon include State Street Corp (4.95%), Geode Capital Management LLC (1.76%), Azora Capital LP (1.05%) and FMR LLC (1.05%). 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, Harry V Barton Jr, 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 Chevron (CVX), Bristol-Myers Squibb (BMY), Humana (HUM), American Water Works (AWK), Comcast (CMCSA), Charles Schwab (SCHW) and McKesson (MCK).

Company Calendar

• Ex-Dividend for 10/1 Dividend: 9/13/2024
• Dividend Payable: 10/01/2024
• Last Earnings: 10/16/2024
• Ex-Dividend for 1/2 Dividend: 12/13/2024
• Today: 12/20/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/02/2025

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: $21.00
• High Stock Price Target: $25.00
• Low Stock Price Target: $17.00
• Potential Upside/Downside: +5.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.54
• Research Coverage: 13 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.38
• Trailing P/E Ratio: 14.45
• Forward P/E Ratio: 13.38
• P/E Growth: 1.54
• Net Income: $897 million
• Net Margins: 15.43%
• Pretax Margin: 18.95%
• Return on Equity: 9.51%
• Return on Assets: 1.01%

Debt

• Debt-to-Equity Ratio: 0.14
• Current Ratio: 0.96
• Quick Ratio: 0.95

Sales & Book Value

• Annual Sales: $3.17 billion
• Price / Sales: 3.33
• Cash Flow: $1.63 per share
• Price / Cash Flow: 12.24
• Book Value: $15.70 per share
• Price / Book: 1.27

Miscellaneous

• Outstanding Shares: 530,138,000
• Free Float: 525,526,000
• Market Cap: $10.57 billion
• Optionable: Optionable
• Beta: 0.91