First Horizon
FHN

$15.34

2.48%

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

Financials National Commercial Banks

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 7 analysts

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]

See Fund Rankings

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$16

4%

upside

Avg. target

$17.93

17%

upside

High target

$19

24%

upside

7 analyst ratings

6 positive

86%

1 neutral

14%

0 negative

0%

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

See Analyst Rankings

Financial journalist opinion

Based on 4 articles about FHN published over the past 30 days

First Horizon Corporation to Participate at the Barclays 22nd Annual Global Financial Services Conference

MEMPHIS, Tenn. , Aug. 23, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN) today announced that Chairman, President, and Chief Executive Officer Bryan Jordan and Chief Financial Officer Hope Dmuchowski will participate at the Barclays 22nd Annual Global Financial Services Conference on September 9, 2024, at 2:00 pm ET.

First Horizon Corporation to Participate at the Barclays 22nd Annual Global Financial Services Conference

First Horizon Announces Endowed Scholarship at LeMoyne-Owen College

MEMPHIS, Tenn. , Aug. 20, 2024 /PRNewswire/ -- First Horizon Corp. (NYSE: FHN or "First Horizon") announced the establishment of the First Horizon Bank Endowed Scholarship at LeMoyne-Owen College.

First Horizon Announces Endowed Scholarship at LeMoyne-Owen College

Thnks Names Finalists for 2024 Thnks Gratitude in Business Awards™

NASHVILLE, Tenn., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Thnks , the first on-demand gratitude expression platform for enterprises, SMBs, and individual contributors, today announced the finalists for its annual 2024 Thnks Gratitude in Business Awards™ program.

Thnks Names Finalists for 2024 Thnks Gratitude in Business Awards™

Generational Group Advises First Horizon Management, LLC in its Sale to Honor Health Care Network

DALLAS--(BUSINESS WIRE)--Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of its client, First Horizon Management, LLC, to Honor Health Care Network. The acquisition closed June 28, 2024. Located in Indianapolis, Indiana, First Horizon Management was established in 2017, offering both skilled and unskilled home health care services as well as operating a Certified Nursing Assistant School. The company has disting.

Generational Group Advises First Horizon Management, LLC in its Sale to Honor Health Care Network

First Horizon Bank Named on Forbes' List of America's Best Employers for Women 2024

MEMPHIS, Tenn. , Aug. 6, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN or "First Horizon") has been named to the Forbes' list of America's Best Employers for Women 2024.

First Horizon Bank Named on Forbes' List of America's Best Employers for Women 2024

First Horizon Renews Commitment to The University of Tennessee

Official Bank of the VOLS MEMPHIS, Tenn. , Aug. 1, 2024 /PRNewswire/ -- First Horizon Corp. (NYSE: FHN or "First Horizon") is proud to announce that First Horizon Bank has renewed its commitment to the University of Tennessee and signed a 5-year agreement as a Corporate Champion and the Official Bank of the VOLS.

First Horizon Renews Commitment to The University of Tennessee

First Horizon Announces Results of its 2024 Company-Run Stress Test

MEMPHIS, Tenn. , July 30, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN) ("First Horizon" or "the Company") announced today its 2024 Company-run capital stress test results.

First Horizon Announces Results of its 2024 Company-Run Stress Test

First Horizon Recognized by TIME Magazine

AMERICA'S BEST MIDSIZE COMPANIES OF 2024 MEMPHIS, Tenn. , July 25, 2024 /PRNewswire/ -- First Horizon Corp. (NYSE: FHN or "First Horizon") announced that it has been recognized on the inaugural list of America's Best Mid-Size Companies 2024 by TIME Magazine.

First Horizon Recognized by TIME Magazine

First Horizon Declares Cash Dividends on Common and Preferred Stock

MEMPHIS, Tenn. , July 23, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN or the "Company") today announced that its board of directors had declared a quarterly cash dividend of $0.15 per share on FHN's common stock.

First Horizon Declares Cash Dividends on Common and Preferred Stock

First Horizon Needs To Transition From Stabilization To Growth

First Horizon has been challenged over the past year not only by higher deposit costs and weakening loan demand, but also the need to regrow deposits after Toronto-Dominion walked away. Q2 earnings missed expectations by a marginal amount, but the Street didn't like the weaker net interest income guide, as "higher for longer" continues to hit First Horizon's profitability. There are concerns that FHN has been caught by competitors and is underperforming its core markets, but I believe the post-deal rebuild has been masking the true long-term growth potential.

First Horizon Needs To Transition From Stabilization To Growth

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