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First Horizon (FHN)
NYSE:FHN
Holding FHN?
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FHN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$10.08 - $17.46
Previous Close$15.76
Volume5.51M
Average Volume (3M)5.89M
Market Cap
$8.69B
Enterprise Value$14.43B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$5.69B
Price to Earnings (P/E)13.0
Beta0.74
Next Earnings
Oct 16, 2024EPS Estimate
$0.37Last Dividend Ex-Date
Sep 13, 2024Dividend Yield3.8%
Share Statistics
EPS (TTM)1.21
Shares Outstanding535,893,064
10 Day Avg. Volume5,834,356
30 Day Avg. Volume5,894,938
Standard Deviation0.12
R-Squared0.15
Alpha0.00123
Financial Highlights & Ratios
Price to Book (P/B)1.02
Price to Sales (P/S)2.71
Price to Cash Flow (P/CF)-14.10
P/FCF Ratio11.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.49
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$18.14Price Target Upside11.91% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
First Horizon News
Bulls Say, Bears Say
Bulls Say
M&A ActivityFHN's shares are currently discounted, offering potential upside from a pick-up in bank M&A activity.
Share BuybacksManagement plans to keep its capital ratio above the long-term goal, with room for more share buybacks to enhance profitability.
Stock ValuationThe stock is now trading near 5.5x Pre-Provision Net Revenue, around 10% below the long-term median, indicating a more reasonable valuation with solid upside potential.
Bears Say
CompetitionManagement highlighted an increasingly competitive backdrop for deposits as FHN raised deposit pricing in June to defend customers against new competitors.
EarningsThe Q2 earnings miss and lowered Net Interest Income guidance were key factors driving underperformance.
Loan GrowthLoan growth remains muted due to soft commercial real estate demand and a higher rate environment, which is limiting broader commercial activity.
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Ownership Overview
3.07% Insiders
26.42% Mutual Funds
47.03% Other Institutional Investors
23.48% 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 $10.08 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 27 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 3.8%. See more information on First Horizon dividends here
What is First Horizon’s EPS estimate?
First Horizon’s EPS estimate is $0.37.
How many shares outstanding does First Horizon have?
First Horizon has 535,893,070 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 -5.787%.
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.
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First Horizon Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$18.14 (11.91% Upside)
$18.14 (11.91% Upside)
Blogger Sentiment
Bullish
FHN Sentiment 90%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 234.9K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▼ 0.4%
Last 30 Days ▲ 5.1%
Last 30 Days ▲ 5.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
46.22%
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.
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FHN Company Deck
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FHN Earnings Call
Q2 2024
0:00 / 0:00
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FHN Stock 12 Month Forecast
Average Price Target
$18.14
▲(11.91% Upside)
Technical Analysis
Zions Bancorporation National Association
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Regions Financial
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Huntington Bancshares
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Synovus
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Best Analysts Covering FHN
1 Year
1 Year Success Rate
8/11 ratings generated profit
1 Year Average Return
+25.50%
reiterated a buy rating 2 months ago
Copying Ebrahim Poonawala's trades and holding each position for 1 Year would result in 72.73% of your transactions generating a profit, with an average return of +25.50% per trade.
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