Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Calendars
Economic Indicators
Calculators
Education
About Us
Working with TipRanks
Follow Us
First Horizon (FHN)
NYSE:FHN
First Horizon (FHN) Stock Price & Analysis
715 Followers
FHN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$9.77 - $17.46
Previous Close$16.42
Volume7.82M
Average Volume (3M)6.81M
Market Cap
$8.98B
Enterprise Value$13.14B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$3.87B
Price to Earnings (P/E)13.6
Beta0.57
Next Earnings
Oct 16, 2024EPS Estimate
$0.38Last Dividend Ex-Date
Jun 14, 2024Dividend Yield3.65%
Share Statistics
EPS (TTM)1.21
Shares Outstanding546,867,683
10 Day Avg. Volume7,546,310
30 Day Avg. Volume6,807,160
Standard Deviation0.12
R-Squared0.16
Alpha0.00308
Financial Highlights & Ratios
Price to Book (P/B)1.20
Price to Sales (P/S)10.32
Price to Cash Flow (P/CF)2.40
P/FCF Ratio1.70
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.84
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$18.23Price Target Upside11.02% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
First Horizon News
PremiumCompany Announcements
First Horizon Clarifies Use of Non-GAAP Measures in Reports
PremiumPre-Earnings
Is FHN a Buy, Before Earnings?Bulls Say, Bears Say
Bulls Say
Capital ManagementFHN was active in share repurchases during the quarter and expects to continue repurchasing shares to maintain its stated CET1 capital target of 11%.
Financial PerformanceLoan growth of +1.7% topped expectations, reflecting seasonal strength in mortgage and continued funding of CRE originations.
Stock ValuationStock valuation should benefit from any signs of a pick-up in M&A activity, given FHN’s desirable footprint.
Bears Say
Deposit CostsIncreasing competition in the SE is pushing promo deposit pricing to 5.3%, and pushing i/b deposit costs higher.
EarningsFirst Horizon-FHN shares underperformed peers by over 700bp after lowering FY24 net interest income (NII) guidance to flat-to-down 2% YoY.
Financial Performance2Q24 EPS of $0.36, missed consensus $0.38 estimates with the miss driven by lower NII (-1.2%) and softer fee income (-2.0%).
---
Ownership Overview
3.01% Insiders
25.62% Mutual Funds
27.12% Other Institutional Investors
44.25% 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.
---
FHN FAQ
What was First Horizon’s price range in the past 12 months?
First Horizon lowest stock price was $9.77 and its highest was $17.46 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 Oct 16, 2024 which is in 87 days.
How were First Horizon’s earnings last quarter?
First Horizon released its earnings results on Jul 17, 2024. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.299 by $0.041.
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 3.65%. See more information on First Horizon dividends here
What is First Horizon’s EPS estimate?
First Horizon’s EPS estimate is $0.38.
How many shares outstanding does First Horizon have?
First Horizon has 546,867,700 shares outstanding.
What happened to First Horizon’s price movement after its last earnings report?
First Horizon reported an EPS of $0.34 in its last earnings report, beating expectations of $0.299. Following the earnings report the stock price went down -5.788%.
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 25M.
---
First Horizon Stock Smart Score
Unlock Smart Score
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$18.23 (11.02% Upside)
$18.23 (11.02% Upside)
Blogger Sentiment
Bullish
FHN Sentiment 78%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 119.2K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▼ 2.0%
Last 30 Days ▲ 0.2%
Last 30 Days ▲ 0.2%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
33.38%
12-Months-Change
Fundamentals
Return on Equity
8.22%
Trailing 12-Months
Asset Growth
-3.34%
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.
---
FHN Company Deck
---
FHN Earnings Call
Q2 2024
0:00 / 0:00
---
FHN Stock 12 Month Forecast
Average Price Target
$18.23
▲(11.02% Upside)
Technical Analysis
Fifth Third Bancorp
―
Prosperity Bancshares
―
Huntington Bancshares
―
Home Bancshares
―
Best Analysts Covering FHN
1 Year
1 Year Success Rate
7/9 ratings generated profit
1 Year Average Return
+26.18%
assigned a buy rating 4 days ago
Copying John Pancari's trades and holding each position for 1 Year would result in 77.78% of your transactions generating a profit, with an average return of +26.18% per trade.
---