Now Is A Good Time To Buy First Horizon Corporation (NYSE: FHN)

EVTL

During the recent session, First Horizon Corporation (NYSE:FHN)’s traded shares were 0.51 million, with the beta value of the company hitting 0.63. At the last check today, the stock’s price was $20.02, reflecting an intraday loss of -0.42% or -$0.09. The 52-week high for the FHN share is $22.44, that puts it down -12.09 from that peak though still a striking 29.62% gain since the share price plummeted to a 52-week low of $14.09. The company’s market capitalization is $10.16B, and the average intraday trading volume over the past 10 days was 4.65 million shares, and the average trade volume was 6.13 million shares over the past three months.

First Horizon Corporation (FHN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.89. FHN has a Sell rating from 0 analyst(s) out of 12 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 11 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.41.

First Horizon Corporation (NYSE:FHN) trade information

First Horizon Corporation (FHN) registered a -0.42% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.42% in intraday trading to $20.02, hitting a weekly high. The stock’s 5-day price performance is 1.34%, and it has moved by 10.76% in 30 days. Based on these gigs, the overall price performance for the year is 27.71%. The short interest in First Horizon Corporation (NYSE:FHN) is 13.99 million shares and it means that shorts have 2.87 day(s) to cover.

The consensus price target of analysts on Wall Street is $20, which implies a decrease of -0.1% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $16 and $21 respectively. As a result, FHN is trading at a discount of -4.9% off the target high and 20.08% off the low.

First Horizon Corporation (FHN) estimates and forecasts

In the rating firms’ projections, revenue will increase 1.54% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 832.95M as predicted by 11 analyst(s). Meanwhile, a consensus of 11 analyst(s) estimates revenue growth to 846.74M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 819M and 832M respectively. In this case, analysts expect current quarter sales to grow by 1.70% and then jump by 1.77% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -0.31%. While earnings are projected to return 9.75% in 2025, the next five years will return 10.33% per annum.

FHN Dividends

First Horizon Corporation is due to release its next quarterly earnings on 2025-Apr-15. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for First Horizon Corporation is 0.60, with the dividend yield indicating at 3.00 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 3.82%.

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

First Horizon Corporation insiders own 0.91% of total outstanding shares while institutional holders control 87.23%, with the float percentage being 88.03%. BLACKROCK INC. is the largest shareholder of the company, while 717.0 institutions own stock in it. As of 2024-06-30, the company held over 61.9 million shares (or 11.3796% of all shares), a total value of $976.21 million in shares.

The next largest institutional holding, with 56.32 million shares, is of VANGUARD GROUP INC’s that is approximately 10.3537% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $888.2 million.

Also, the Mutual Funds coming in first place with the largest holdings of First Horizon Corporation (FHN) shares are iShares Trust-iShares Core S&P Mid-Cap ETF and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund . Data provided on Apr 30, 2025 indicates that iShares Trust-iShares Core S&P Mid-Cap ETF owns about 16.97 shares. This amounts to just over 3.34 percent of the company’s overall shares, with a $340.08 million market value. The same data shows that the other fund manager holds slightly less at 16.72, or about 3.30% of the stock, which is worth about $335.24 million.

Marketing Sentinel
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.