First Horizon (NYSE:FHN) Price Target Raised to $27.00

First Horizon (NYSE:FHN) had its price objective lifted by DA Davidson from $25.00 to $27.00 in a research report released on Friday morning, Marketbeat.com reports. They currently have a neutral rating on the financial services provider’s stock.

Other analysts also recently issued reports about the company. JPMorgan Chase & Co. lifted their price target on First Horizon from $23.00 to $27.00 and gave the stock a “neutral” rating in a report on Tuesday, December 16th. Baird R W lowered First Horizon from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 11th. Wells Fargo & Company decreased their target price on First Horizon from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Thursday, October 16th. The Goldman Sachs Group set a $27.00 price target on shares of First Horizon and gave the company a “neutral” rating in a research note on Tuesday, January 6th. Finally, Wall Street Zen raised shares of First Horizon from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Nine analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, First Horizon currently has an average rating of “Hold” and an average target price of $26.58.

First Horizon Stock Down 1.4%

Shares of First Horizon stock opened at $24.10 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.15. First Horizon has a 52-week low of $15.19 and a 52-week high of $24.91. The company has a market capitalization of $11.87 billion, a P/E ratio of 12.82, a P/E/G ratio of 0.86 and a beta of 0.61. The company has a 50 day moving average of $23.22 and a 200 day moving average of $22.45.

First Horizon (NYSE:FHN) last announced its quarterly earnings data on Thursday, January 15th. The financial services provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. The business had revenue of $892.00 million for the quarter, compared to analyst estimates of $863.87 million. First Horizon had a net margin of 19.67% and a return on equity of 11.21%. During the same period last year, the business earned $0.43 EPS. As a group, research analysts forecast that First Horizon will post 1.67 EPS for the current fiscal year.

First Horizon Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Friday, December 12th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, December 12th. First Horizon’s payout ratio is presently 31.91%.

First Horizon announced that its board has approved a stock repurchase plan on Monday, October 27th that allows the company to repurchase $1.20 billion in shares. This repurchase authorization allows the financial services provider to reacquire up to 11.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at First Horizon

In other First Horizon news, EVP David T. Popwell sold 155,149 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $21.31, for a total transaction of $3,306,225.19. Following the transaction, the executive vice president directly owned 307,432 shares of the company’s stock, valued at approximately $6,551,375.92. This trade represents a 33.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Jeff L. Fleming sold 7,619 shares of First Horizon stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $21.74, for a total transaction of $165,637.06. Following the completion of the transaction, the chief accounting officer owned 128,626 shares in the company, valued at approximately $2,796,329.24. This represents a 5.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. LSV Asset Management raised its stake in shares of First Horizon by 5.0% during the second quarter. LSV Asset Management now owns 13,458,438 shares of the financial services provider’s stock worth $285,319,000 after purchasing an additional 646,060 shares during the last quarter. Invesco Ltd. increased its stake in First Horizon by 8.5% in the 3rd quarter. Invesco Ltd. now owns 7,606,808 shares of the financial services provider’s stock valued at $171,990,000 after buying an additional 595,869 shares during the period. JPMorgan Chase & Co. raised its position in First Horizon by 45.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,738,428 shares of the financial services provider’s stock worth $142,855,000 after buying an additional 2,091,865 shares during the last quarter. Norges Bank acquired a new stake in shares of First Horizon in the 2nd quarter worth $131,399,000. Finally, William Blair Investment Management LLC lifted its stake in shares of First Horizon by 38.7% in the 3rd quarter. William Blair Investment Management LLC now owns 5,219,830 shares of the financial services provider’s stock worth $118,020,000 after acquiring an additional 1,456,820 shares during the period. 80.28% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about First Horizon

Here are the key news stories impacting First Horizon this week:

• Positive Sentiment: Q4 earnings beat — FHN reported EPS of $0.528 vs. $0.46 expected and revenue of $892M vs. $863.9M; management cited Y/Y NII growth and higher non‑interest income as drivers. This quarter’s results and commentary support near‑term earnings momentum. Zacks: First Horizon Shares Gain as Q4 Earnings Beat
• Positive Sentiment: Analyst price‑target lifts — Multiple firms raised PTs after the print (TD Cowen to $27, DA Davidson to $27, Keefe Bruyette & Woods to $25), reflecting increased confidence in earnings and implying upside versus the current price. These revisions can support buying interest. Benzinga: Analyst PT Raises The Fly: DA Davidson PT Raise
• Positive Sentiment: Full‑year results and outlook — First Horizon reported FY‑2025 net income available to common shareholders up ~29% and adjusted NIAC growth, and management indicated loan growth and deposit discipline will sustain performance. Investors often view improving core profitability and credit trends favorably. PR Newswire: Full‑Year 2025 Results
• Neutral Sentiment: Earnings call / transcripts provide color — Call transcripts and analyst writeups highlight loan growth acceleration and manageable risks; these details will matter to investors modeling forward margins and credit. InsiderMonkey: Q4 Earnings Call Transcript
• Negative Sentiment: Market reaction and volume — Despite the beat and PT raises, the stock is trading lower on higher volume, suggesting some profit‑taking or that investors are already pricing in the upside; keep an eye on next‑day flows and whether buybacks/dividend commentary arrives to sustain the move. No external link

First Horizon Company Profile

First Horizon Corporation, headquartered in Memphis, Tennessee, is a diversified financial services company providing an array of retail, commercial and wealth management solutions. As the largest bank-based financial services firm in Tennessee, First Horizon operates through a network of branches and digital platforms across the Southeastern United States, offering personal and business banking, mortgage origination and servicing, payment solutions and treasury management services.

Tracing its origins to the First National Bank of Memphis established in 1864, First Horizon has grown through strategic acquisitions and organic expansion to serve customers in Tennessee, Texas, North Carolina, South Carolina, Georgia and Florida.