Previous close | 14.88 |
Open | 14.73 |
Bid | 0.00 x 2900 |
Ask | 0.00 x 3200 |
Day's range | 14.70 - 14.96 |
52-week range | 8.99 - 17.82 |
Volume | |
Avg. volume | 6,381,562 |
Market cap | 8.197B |
Beta (5Y monthly) | 0.95 |
PE ratio (TTM) | 10.37 |
EPS (TTM) | 1.44 |
Earnings date | 17 Jul 2024 - 22 Jul 2024 |
Forward dividend & yield | 0.60 (4.02%) |
Ex-dividend date | 13 Jun 2024 |
1y target est | 17.25 |
First Horizon Corporation (NYSE: FHN or the "Company") today announced that its board of directors has declared a quarterly common stock dividend of $0.15 per share. The dividend is payable on July 1, 2024 to shareholders of record at the close of business on June 14, 2024.
Higher deposit costs are eating into profits of regional banks. That pressure is not likely to abate anytime soon as the Fed dials back its expectations for rate cuts in 2024.
First Horizon (FHN) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.