First HorizonFHN
Market Cap: $8.22B
About: First Horizon Corp is the parent company of First Tennessee Bank, a prominent regional bank with about 200 branches around Tennessee. The regional bank is responsible for roughly 65% of its revenue, while capital markets make a 25% contribution. The remainder is split between the firm's non-strategic (wind-down) and corporate operations. First Horizon concentrates on offering a variety of banking products mainly in its home state, where it has the second- largest deposit franchise with a 13% deposit market share.
Employees: 7,300
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
8% more first-time investments, than exits
New positions opened: 66 | Existing positions closed: 61
1% more funds holding
Funds holding: 528 [Q1] → 533 (+5) [Q2]
0% more capital invested
Capital invested by funds: $6.83B [Q1] → $6.84B (+$10.5M) [Q2]
0.59% less ownership
Funds ownership: 80.02% [Q1] → 79.43% (-0.59%) [Q2]
1% less call options, than puts
Call options by funds: $19.6M | Put options by funds: $19.8M
2% less repeat investments, than reductions
Existing positions increased: 183 | Existing positions reduced: 186
36% less funds holding in top 10
Funds holding in top 10: 11 [Q1] → 7 (-4) [Q2]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
Baird David George 33% 1-year accuracy 1 / 3 met price target | 4%upside $16 | Neutral Maintained | 6 Aug 2024 |
Raymond James Michael Rose 89% 1-year accuracy 34 / 38 met price target | 17%upside $18 | Outperform Downgraded | 18 Jul 2024 |
RBC Capital Jon Arfstrom 78% 1-year accuracy 40 / 51 met price target | 24%upside $19 | Outperform Maintained | 18 Jul 2024 |
Jefferies Casey Haire 86% 1-year accuracy 6 / 7 met price target | 17%upside $18 | Buy Maintained | 3 Jul 2024 |
Evercore ISI Group John Pancari 89% 1-year accuracy 17 / 19 met price target | 14%upside $17.50 | Outperform Maintained | 25 Jun 2024 |
Financial journalist opinion
Based on 4 articles about FHN published over the past 30 days