Thu Sep 19 06:15:58 UTC 2024: ## First Horizon (FHN) Receives “Moderate Buy” Rating from Analysts
**Memphis, TN – September 19, 2024** – First Horizon Corporation (NYSE: FHN), a leading financial services provider, has been given a consensus recommendation of “Moderate Buy” by thirteen analysts currently covering the firm, according to Marketbeat Ratings.
The rating is based on four “Hold” recommendations and nine “Buy” recommendations. The average one-year price objective among analysts is $17.38.
Despite a recent miss on earnings per share (EPS) expectations for the second quarter, analysts remain optimistic about the company’s future. The firm reported EPS of $0.36, missing the consensus estimate of $0.37. However, revenue of $1.28 billion exceeded the consensus estimate of $819.82 million.
Several research firms have issued reports on FHN, including Raymond James, StockNews.com, Evercore ISI, Keefe, Bruyette & Woods, and Robert W. Baird. While some analysts have downgraded their ratings, others maintain optimistic outlooks.
Institutional investors have also shown interest in First Horizon, with several making significant changes to their positions in the company. Bank of New York Mellon Corp, Norges Bank, Millennium Management LLC, LSV Asset Management, and Jupiter Asset Management Ltd. have all either increased their holdings or established new positions in the company.
First Horizon Corporation operates as the bank holding company for First Horizon Bank, offering a wide range of financial services for consumers, businesses, financial institutions, and governments. The company operates through Regional Banking and Specialty Banking segments.
The company recently declared a quarterly dividend of $0.15, payable on October 1st, representing an annualized dividend of $0.60 and a yield of 3.81%.
Investors and analysts will be closely watching First Horizon’s future performance as the company navigates the evolving financial landscape.
First Piper 