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First Horizon (FHN)
NYSE:FHN
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FHN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$12.95 - $21.72
Previous Close$19.94
Volume19.49M
Average Volume (3M)6.69M
Market Cap
$10.22B
Enterprise Value$14.30B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$3.79B
Price to Earnings (P/E)14.0
Beta1.20
Next Earnings
Jan 16, 2025EPS Estimate
$0.39Last Dividend Ex-Date
Dec 13, 2024Dividend Yield3.11%
Share Statistics
EPS (TTM)1.38
Shares Outstanding530,138,241
10 Day Avg. Volume11,257,247
30 Day Avg. Volume6,693,440
Standard Deviation0.12
R-Squared0.15
Alpha0.00518
Financial Highlights & Ratios
Price to Book (P/B)1.23
Price to Sales (P/S)3.22
Price to Cash Flow (P/CF)6.60
P/FCF Ratio3.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.42
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$21.54Price Target Upside8.02% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering13
First Horizon News
Bulls Say, Bears Say
Bulls Say
Banking FundamentalsCustomer deposits grew by $1 billion, improving the loan-to-deposit ratio, which showcases strong banking fundamentals.
Business ResilienceThe company's fixed income business is showing counter-cyclicality with substantial income growth, indicating resilience against economic shifts.
Financial PerformanceFirst Horizon–FHN shares outperformed peers by approximately 250 basis points after reporting an earnings per share beat and reiterating full-year 2024 guidance.
Bears Say
Deposit CostsDeposit competition remains a threat as First Horizon may match higher rate offers from other banks, potentially leading to higher deposit costs.
Financial PerformanceNet interest income declined, leading to a weaker result driven by increased funding costs.
Interest RatesDeclining rates could pressure First Horizon's net interest income as it screens more asset sensitive compared to peer banks.
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Ownership Overview
1.16% Insiders
23.55% Mutual Funds
18.16% Other Institutional Investors
28.27% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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FHN FAQ
What was First Horizon’s price range in the past 12 months?
First Horizon lowest stock price was $12.95 and its highest was $21.72 in the past 12 months.
What is First Horizon’s market cap?
Currently, no data Available
When is First Horizon’s upcoming earnings report date?
First Horizon’s upcoming earnings report date is Jan 16, 2025 which is in 26 days.
How were First Horizon’s earnings last quarter?
First Horizon released its earnings results on Oct 16, 2024. The company reported $0.4 earnings per share for the quarter, beating the consensus estimate of $0.374 by $0.026.
Is First Horizon overvalued?
According to Wall Street analysts First Horizon’s price is currently Undervalued.
Does First Horizon pay dividends?
First Horizon pays a Quarterly dividend of $0.15 which represents an annual dividend yield of 3.11%. See more information on First Horizon dividends here
What is First Horizon’s EPS estimate?
First Horizon’s EPS estimate is $0.39.
How many shares outstanding does First Horizon have?
First Horizon has 530,138,240 shares outstanding.
What happened to First Horizon’s price movement after its last earnings report?
First Horizon reported an EPS of $0.4 in its last earnings report, beating expectations of $0.374. Following the earnings report the stock price went up 4.039%.
Which hedge fund is a major shareholder of First Horizon?
Among the largest hedge funds holding First Horizon’s share is Hotchkis & Wiley Capital Management LLC. It holds First Horizon’s shares valued at 24M.
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First Horizon Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$21.54 (8.02% Upside)
$21.54 (8.02% Upside)
Blogger Sentiment
Bullish
FHN Sentiment 87%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Decreased
By 302.7K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $2.4M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▼ 0.4%
Last 30 Days ▲ 1.8%
Last 30 Days ▲ 1.8%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
51.46%
12-Months-Change
Fundamentals
Return on Equity
9.05%
Trailing 12-Months
Asset Growth
0.12%
Trailing 12-Months
Company Description
First Horizon
First Horizon National Corp. operates as a financial holding company, which offers checking accounts, savings products, mortgage banking, lending, and financing to individuals and businesses. It operates the business through four segments: Regional Banking, Fixed Income, Corporate, and Non-strategic. The Regional Banking segment offers financial products and services, including traditional lending and deposit taking, to retail and commercial customers. The Fixed Income segment provides financial services for depository and non depository institutions through the sale and distribution of fixed income securities, loan sales, portfolio advisory services, and derivative sales. The Corporate segment consists of unallocated corporate expenses, expense on subordinated debt issuances, bank owned life insurance, unallocated interest income associated with excess equity, net impact of raising incremental capital, revenue and expense associated with deferred compensation plans, funds management, tax credit investment activities, gains on the extinguishment of debt, acquisition-related costs, and various charges related to restructuring and repositioning. The Non-strategic segment includes wind down national consumer lending activities, loan portfolios, service lines and other discontinued products. The company was founded by Frank S. Davis in 1864 and is headquartered in Memphis, TN.
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FHN Company Deck
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FHN Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call reflects a positive quarter with strong revenue growth, effective capital deployment, and solid credit performance. However, challenges in margin compression, loan growth, and elevated deposit costs present areas of concern.Read More>---
FHN Stock 12 Month Forecast
Average Price Target
$21.54
▲(8.02% Upside)
Technical Analysis
Zions Bancorporation National Association
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Regions Financial
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Huntington Bancshares
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KeyCorp
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Best Analysts Covering FHN
1 Year
1 Year Success Rate
9/11 ratings generated profit
1 Year Average Return
+29.78%
assigned a buy rating 2 months ago
Copying John Pancari's trades and holding each position for 1 Year would result in 81.82% of your transactions generating a profit, with an average return of +29.78% per trade.
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