First Horizon
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: 7,200
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
25% more funds holding in top 10
Funds holding in top 10: 8 [Q2] → 10 (+2) [Q3]
1% more funds holding
Funds holding: 538 [Q2] → 544 (+6) [Q3]
10% more repeat investments, than reductions
Existing positions increased: 200 | Existing positions reduced: 182
8% more first-time investments, than exits
New positions opened: 78 | Existing positions closed: 72
8% less call options, than puts
Call options by funds: $24.6M | Put options by funds: $26.6M
2.34% less ownership
Funds ownership: 80.34% [Q2] → 78.0% (-2.34%) [Q3]
6% less capital invested
Capital invested by funds: $6.92B [Q2] → $6.49B (-$432M) [Q3]
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Barclays Jared Shaw 68% 1-year accuracy 38 / 56 met price target | 10%upside $23 | Overweight Maintained | 8 Nov 2024 |
Raymond James Michael Rose 94% 1-year accuracy 31 / 33 met price target | 5%upside $22 | Outperform Maintained | 8 Nov 2024 |
Evercore ISI Group John Pancari 89% 1-year accuracy 32 / 36 met price target | 4%downside $20 | Outperform Maintained | 30 Oct 2024 |
Stephens & Co. Russell Gunther 100% 1-year accuracy 18 / 18 met price target | 4%downside $20 | Overweight Maintained | 17 Oct 2024 |
Barclays Jared Shaw 68% 1-year accuracy 38 / 56 met price target | 0%upside $21 | Overweight Maintained | 17 Oct 2024 |
Financial journalist opinion
Based on 6 articles about FHN published over the past 30 days
