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

First Horizon (NYSE:FHN) had its price objective increased by TD Cowen from $26.00 to $27.00 in a report released on Friday,Benzinga reports. They currently have a hold rating on the financial services provider’s stock.

Other research analysts have also recently issued research reports about the stock. Robert W. Baird restated a “neutral” rating and set a $25.00 price objective on shares of First Horizon in a report on Thursday, December 11th. Baird R W cut shares of First Horizon from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 11th. UBS Group reissued a “buy” rating and issued a $28.00 price target on shares of First Horizon in a report on Tuesday, January 6th. Barclays upped their price objective on shares of First Horizon from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Raymond James Financial lifted their target price on First Horizon from $23.00 to $27.00 and gave the stock an “outperform” rating in a report on Wednesday, January 7th. Nine equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, First Horizon currently has a consensus rating of “Hold” and an average price target of $26.58.

First Horizon Trading Down 1.4%

NYSE FHN opened at $24.10 on Friday. First Horizon has a 12 month low of $15.19 and a 12 month high of $24.91. The stock has a 50-day simple moving average of $23.22 and a 200 day simple moving average of $22.45. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $11.87 billion, a PE ratio of 12.82, a P/E/G ratio of 0.86 and a beta of 0.61.

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

First Horizon Dividend Announcement

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

First Horizon declared that its Board of Directors has authorized a share buyback program on Monday, October 27th that authorizes the company to repurchase $1.20 billion in shares. This repurchase authorization authorizes the financial services provider to purchase up to 11.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Insider Transactions at First Horizon

In related news, EVP David T. Popwell sold 155,149 shares of the stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $21.31, for a total transaction of $3,306,225.19. Following the completion of the transaction, the executive vice president directly owned 307,432 shares in the company, valued at approximately $6,551,375.92. This trade represents a 33.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jeff L. Fleming sold 7,619 shares of First Horizon stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $21.74, for a total value of $165,637.06. Following the completion of the sale, the chief accounting officer directly owned 128,626 shares in the company, valued at approximately $2,796,329.24. This represents a 5.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.87% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On First Horizon

Several hedge funds have recently made changes to their positions in FHN. Wellington Shields Capital Management LLC boosted its stake in shares of First Horizon by 1.9% during the 2nd quarter. Wellington Shields Capital Management LLC now owns 28,026 shares of the financial services provider’s stock worth $594,000 after buying an additional 514 shares during the last quarter. AMG National Trust Bank raised its holdings in First Horizon by 0.6% during the third quarter. AMG National Trust Bank now owns 102,344 shares of the financial services provider’s stock worth $2,314,000 after acquiring an additional 575 shares in the last quarter. Inspire Investing LLC raised its holdings in First Horizon by 3.5% during the second quarter. Inspire Investing LLC now owns 18,383 shares of the financial services provider’s stock worth $390,000 after acquiring an additional 624 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in First Horizon by 57.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,743 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 635 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its stake in First Horizon by 2.9% in the third quarter. Concurrent Investment Advisors LLC now owns 23,926 shares of the financial services provider’s stock valued at $541,000 after purchasing an additional 672 shares in the last quarter. 80.28% of the stock is owned by institutional investors.

First Horizon News Roundup

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

About First Horizon

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.