5 Best Affordable Dividend Stocks To Invest In Right Now

3. First Horizon Corp (NYSE:FHN)

Number of Hedge Fund Investors: 50

Tennessee-based banking company First Horizon shares recently jumped after the company increased its 2024 guidance for noninterest income and posted Q1 results better than estimates.

Carillon Scout Mid Cap Fund stated the following regarding First Horizon Corporation (NYSE:FHN) in its fourth quarter 2023 investor letter:

“First Horizon Corporation (NYSE:FHN) was the third-largest contributor. This bank holding company rose as the industry rallied due to the investor sentiment shift toward a soft economic landing or continued growth. A soft economic landing, should it occur, means that banks are likely to experience fewer loan losses than in a recession and steadier interest rate margins if extreme interest rate volatility is dampened.”