5 Best Performing Bank Stocks in 2022

1. First Horizon Corporation (NYSE:FHN)

Number of Hedge Fund Holders: 49

YTD Share Price Gain as of December 28: 46.24%

First Horizon Corporation (NYSE:FHN) is one of the best performing stocks this year in the banking sector, with shares gaining over 46% year-to-date as of December 28. First Horizon Corporation (NYSE:FHN) is a Tennessee-based bank holding company for First Horizon Bank that operates through three segments – Regional Banking, Specialty Banking, and Corporate. 

On October 25, First Horizon Corporation (NYSE:FHN) declared a quarterly dividend of $0.15 per share, in line with previous. The dividend is payable on January 3, 2023 to shareholders of record on December 16. First Horizon Corporation (NYSE:FHN)’s dividend yield on December 28 came in at 2.45%. 

According to Insider Monkey’s third quarter database, First Horizon Corporation (NYSE:FHN) was part of 49 hedge fund portfolios, compared to 43 in the prior quarter. Simon Sadler’s Segantii Capital is the largest stakeholder of the company, with 8.3 million shares worth $191.85 million. 

Here is what Ave Maria specifically said about First Horizon Corporation (NYSE:FHN) in its Q2 2022 investor letter:

“First Horizon Corporation (NYSE:FHN) is a leading regional bank that merged with IBERIABANK Corporation in 2020 forming a regional financial services company with 412 branches across 12 southern states. On February 28, 2022, The Toronto-Dominion Bank (TD Bank) reached an agreement with First Horizon Corporation to acquire the bank for $25 per share.”

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