First Horizon released its earnings results on Apr 18, 2023. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.472 by -$0.042.

Is First Horizon overvalued?

According to Wall Street analysts First Horizon’s price is currently Undervalued. Get more investment ideas with TipRanks Premium

Does First Horizon pay dividends?

First Horizon pays a Quarterly dividend of $0.15 which represents an annual dividend yield of 5.5%. See more information on First Horizon dividends here

What is First Horizon’s EPS estimate?

First Horizon’s EPS estimate is $0.46.

How many shares outstanding does First Horizon have?

First Horizon has 537,811,500 shares outstanding.

What happened to First Horizon’s price movement after its last earnings report?

First Horizon reported an EPS of $0.43 in its last earnings report, missing expectations of $0.472. Following the earnings report the stock price went up 1.308%.

Which hedge fund is a major shareholder of First Horizon?

Among the largest hedge funds holding First Horizon’s share is Soros Fund Mangment LLC. It holds First Horizon’s shares valued at 130M.

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First Horizon Stock Smart Score

Outperform

Fundamentals

Return on Equity

11.25%

Trailing 12-Months

Asset Growth

-8.95%

Trailing 12-Months

The First Horizon stock analysis is based on the TipRanks Smart Score which is derived from 8 unique data sets including Analyst recommendations, Crowd Wisdom, Hedge Fund Activity, Media Sentiment and multiple Technical stock factors. The Smart Score is a quantitative, data-driven rating system and does not include human intervention.

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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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