In last trading session, First Horizon Corporation (NYSE:FHN) saw 6.92 million shares changing hands with its beta currently measuring 0.90. Company’s recent per share price level of $17.45 trading at $0.01 or 0.06% at ring of the bell on the day assigns it a market valuation of $9.35B. That closing price of FHN’s stock is at a discount of -1.32% from its 52-week high price of $17.68 and is indicating a premium of 41.78% from its 52-week low price of $10.16. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 7.23 million shares which gives us an average trading volume of 5.85 million if we extend that period to 3-months.

For First Horizon Corporation (FHN), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.06. Splitting up the data highlights that, out of 12 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 11 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.38 in the current quarter.

First Horizon Corporation (NYSE:FHN) trade information

Upright in the green during last session for gaining 0.06%, in the last five days FHN remained trading in the green while hitting it’s week-highest on Thursday, 10/17/24 when the stock touched $17.45 price level, adding 1.3% to its value on the day. First Horizon Corporation’s shares saw a change of 23.23% in year-to-date performance and have moved 6.53% in past 5-day. First Horizon Corporation (NYSE:FHN) showed a performance of 7.98% in past 30-days. Number of shares sold short was 5.95 million shares which calculate 0.93 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 20 to the stock, which implies a rise of 12.75% to its current value. Analysts have been projecting 16 as a low price target for the stock while placing it at a high target of 21. It follows that stock’s current price would jump 8.31% in reaching the projected high whereas dropping to the targeted low would mean a gain of 8.31% for stock’s current value.

First Horizon Corporation (FHN) estimates and forecasts

Statistics highlight that First Horizon Corporation is scoring comparatively higher than the scores of other players of the relevant industry. The company added 19.28% of value to its shares in past 6 months, showing an annual growth rate of 2.80% while that of industry is -8.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -5.20% from the last financial year’s standing.

11 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 822.05M for the same. And 9 analysts are in estimates of company making revenue of 816.47M in the next quarter. Company posted 800M and 819M of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -1.32% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -6.55% while estimates for its earnings growth in next 5 years are of 8.57%.

FHN Dividends

First Horizon Corporation is more likely to be releasing its next quarterly report on 2025-Jan-16 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 3.44%, the share has a forward dividend of 0.60 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 3.99%.

First Horizon Corporation (NYSE:FHN)’s Major holders

Insiders are in possession of 0.90% of company’s total shares while institution are holding 83.73 percent of that, with stock having share float percentage of 84.49%. Investors also watch the number of corporate investors in a company very closely, which is 83.73% institutions for First Horizon Corporation that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at FHN for having 61.9 million shares of worth $976.21 million. And as of 2024-06-30, it was holding 11.1542 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 56.32 million shares on 2024-06-30. The number of shares represents firm’s hold over 10.1486 of outstanding shares, having a total worth of $888.2 million.