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]
20% more first-time investments, than exits
New positions opened: 79 | Existing positions closed: 66
1% more funds holding
Funds holding: 539 [Q2] → 547 (+8) [Q3]
10% more repeat investments, than reductions
Existing positions increased: 201 | Existing positions reduced: 183
8% less call options, than puts
Call options by funds: $24.6M | Put options by funds: $26.6M
2.18% less ownership
Funds ownership: 80.9% [Q2] → 78.73% (-2.18%) [Q3]
6% less capital invested
Capital invested by funds: $6.97B [Q2] → $6.55B (-$420M) [Q3]
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
B of A Securities Ebrahim Poonawala 0 / 0 met price target | 16%upside $25 | Buy Maintained | 17 Jan 2025 |
Stephens & Co. Russell Gunther 0 / 0 met price target | 11%upside $24 | Overweight Reiterated | 17 Jan 2025 |
JP Morgan Anthony Elian 0 / 0 met price target | 9%upside $24 | Neutral Maintained | 17 Jan 2025 |
Wells Fargo Timur Braziler 0 / 0 met price target | 2%upside $22 | Equal-Weight Maintained | 17 Jan 2025 |
Barclays Jared Shaw 67% 1-year accuracy 2 / 3 met price target | 16%upside $25 | Overweight Maintained | 20 Dec 2024 |
Financial journalist opinion
Based on 25 articles about FHN published over the past 30 days
