First Horizon Corporation is a bank holding company operating for First Horizon Bank, which provides financial services. The company has four segments: Regional Banking, Fixed Income, Corporate, and Non-Strategic.
In the first quarter of 2021, FHN had EPS of $0.51, beating estimates by $0.14. The company’s $808 million revenue for the quarter represented a 69.19% growth year over year and beat estimates by $48.5 million. It has a forward PE ratio of 10, and the stock has gained 40.96% in the past six months and 39.1% year to date.
By the end of the first quarter of 2021, 27 hedge funds held stakes in FHN. The total value of their stakes was roughly $312 million. This is compared to 30 hedge funds in the previous quarter with a total stake value of about $403 million. Like The Coca-Cola Company (KO), Johnson & Johnson (JNJ), and The Procter & Gamble Company (PG), this is a good dividend stock to buy.