How to Buy First Horizon Stock
First Horizon Corp
First Horizon is a bank company located in Tennessee, United States, which is part of the Financial Services sector, and is traded under the ticker FHN on the NYSE exchange.
First Horizon stock last closed at $15.06, up 0.94% from the previous day, and has decreased 14.04% in one year. It has underperformed other stocks in the Banks - Regional industry by 0.32 percentage points. First Horizon stock is currently +67.52% from its 52-week low of $8.99, and -9.55% from its 52-week high of $16.65.
There are currently 558.81M FHN shares outstanding. The market value of FHN is $8.42B. In the last 24 hours, 7.48M FHN shares were traded.
How to Buy First Horizon Stock
Wondering how to invest in First Horizon stock? Here's how.
- Figure out where to buy First Horizon stock: You need to choose an online brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you decide where to buy First Horizon stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit money your investment account: Select your method of payment and add your info.
- Research First Horizon stock: The First Horizon ticker symbol is FHN. Is First Horizon stock a good investment? Should you buy shares of FHN? How do FHN's underlying business fundamentals look? Do top analysts think First Horizon is a good buy? Why has FHN's stock price moved recently? (Hint: Our stock market analysis tools can help you evaluate if FHN is a good stock to buy).
- Place your FHN purchase: Decide if you will purchase FHN shares at the current market price or use a limit order to purchase FHN shares at a specific price.
- Get the latest scoop on your FHN position: Create a watchlist to track your investment in First Horizon stock.
Step 1: Figure out where to buy First Horizon stock
You will need a brokerage account to access the NYSE market and buy FHN shares.
Our recommended brokerage: eToro
In our opinion, eToro is the best place to buy stocks. eToro gives you:
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- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your share purchase by creating an account with eToro now.
Open eToro AccountStep 2: Open your brokerage account
Now that you've selected your brokerage, it's time to fill out some personal info so you can invest in FHN stock today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to create your new trading account.
- Submit your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you have finished signing up on the best stock investing app, you can securely and quickly fund your account:
Check out the walkthrough below for more details transferring funds into your new investment account.
Step 4: Research First Horizon stock
After you have selected the best place to buy First Horizon stock, it's important to evaluate their stock prior to buying, so you truly understand the risk as well as the upside.
Overview of key FHN info
Fundamentals of First Horizon
WallStreetZen was built to help average investors do more accurate fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on FHN's stock page.
How is FHN stock valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge FHN's fair value.
Using relative valuations ratios:
- FHN may be undervalued based on its P/E ratio of 9.53x, relative to Banks - Regional industry P/E ratio of -9.5x
- FHN may be undervalued based on its P/B ratio of 0.94x, relative to Banks - Regional industry P/B ratio of 0.98x
You can access more valuation analysis on FHN's stock here.
FHN Financial Health Overview
Positive Health Checks:
- FHN earnings of $1.11B is not enough to cover its interest payments.
- FHN's operating cash flow of $1.30B allows it to safely service it's debt of $3.70B.
Negative Health Checks:
- FHN profit margin has gone down from 27.9% to 27% in the past year.
- FHN has a relatively high debt to equity ratio of 8.05.
- Total FHN debt is higher than 5 years ago, relative to shareholder equity.
Is it a good time to buy FHN stock, according to Wall Street analysts?
Out of 11 Equities analysts who monitor FHN, the consensus analyst rating on First Horizon is a Buy
Please note that analyst forecasts are not stock recommendations, nor are they investment advice.
Most Recent FHN Analyst Recommendations
Steven Alexopoulos, a bottom 3% analyst from JP Morgan maintains FHN with a hold rating and raises their FHN price target from $16.00 to $17.50, on Apr 4, 2024.
John Pancari, a bottom 16% analyst from Evercore ISI Group maintains FHN with a buy rating and raises their FHN price target from $17.00 to $17.50, on Mar 28, 2024.
Jared Shaw, a bottom 4% analyst from Barclays initiates coverage on FHN with a strong buy rating and announces their FHN price target of $18.00, on Mar 8, 2024.
Brody Preston, a top 11% analyst from UBS upgrades FHN to a strong buy rating and raises their FHN price target from $15.50 to $16.00, on Jan 24, 2024.
Michael Rose, a top 19% analyst from Raymond James upgrades FHN to a strong buy rating and raises their FHN price target from $13.00 to $17.00, on Jan 5, 2024.
You can dig deeper into what analysts are projecting on the First Horizon stock forecast page.
Metrics for Advanced FHN Traders
FHN Growth Metrics
Last year, FHN earnings were $865.00M. During the past 5 year, FHN's earnings have gone up by -0.98% per year. This was slower than the Banks - Regional industry average of 16.33%.
Last year, FHN revenue was $3.21B. In the last 5 year, FHN's revenue has increased by 10.63% per year. This was faster than the Banks - Regional industry average of 7.61%.
Learn more about FHN's earnings and revenue performance here.
Latest Insiders Trades at FHN
In the last 12 months, executives and large shareholders at FHN have sold more shares than they have bought.
Terry Lawson Akins, Sr. EVP Chief Risk Officer of FHN, was the latest FHN insider to sell. They sold $143,486.29 worth of FHN stock on Mar 4, 2024.
Learn more about who owns FHN shares here.
Can I get consistent income from FHN stock?
First Horizon pays a dividend of 3.98%, compared to the Banks - Regional industry's average dividend yield of 3.85%. If you owned $1,000 worth of FHN stock, you would have received $39.84 last year.
First Horizon dividend payments have consistently grown over the past decade and have remained stable.
Dig into more analysis about First Horizon dividend yield and history here.
What others are saying about FHN
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Place your FHN purchase
There are two main order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually sufficient. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at an exact price, place a limit order.
Press the Open Trade button and eToro will place the order.
If you require more assistance buying stocks on eToro, click the how to video below:
Step 6: Get the latest scoop on your FHN position
Now that you own some FHN shares, you'll want to stay up-to-date on your new company.
Add FHN to a watchlist to see the latest developments about your FHN stock.
FHN Feed
How to Buy Stock in First Horizon
To reiterate, here are the 6 steps to buy First Horizon stock:
- Figure out where to buy First Horizon stock
- Open your brokerage account
- Deposit money your investment account
- Research First Horizon stock
- Place your FHN purchase
- Get the latest scoop on your FHN position
If you require a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to get the latest news on your new investment in First Horizon, hit the button below to create your watchlist.
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