First Horizon (NYSE:FHN) Price Target Raised to $26.00

First Horizon (NYSE:FHN) had its price objective raised by TD Cowen from $24.00 to $26.00 in a research report report published on Wednesday morning,Benzinga reports. The brokerage currently has a hold rating on the financial services provider’s stock.

Several other analysts have also recently issued reports on the company. Weiss Ratings restated a “hold (c+)” rating on shares of First Horizon in a report on Monday, December 29th. DA Davidson raised shares of First Horizon from a “hold” rating to a “strong-buy” rating in a report on Friday, December 19th. Evercore ISI reaffirmed an “in-line” rating and set a $20.00 target price (down from $26.00) on shares of First Horizon in a research note on Thursday, October 16th. Robert W. Baird reissued a “neutral” rating and issued a $25.00 price target on shares of First Horizon in a research note on Thursday, December 11th. Finally, Keefe, Bruyette & Woods raised their price target on shares of First Horizon from $23.00 to $24.00 and gave the stock a “market perform” rating in a report on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, First Horizon currently has an average rating of “Moderate Buy” and an average target price of $25.95.

First Horizon Stock Down 1.2%

Shares of FHN opened at $24.46 on Wednesday. The stock has a 50 day moving average price of $22.94 and a 200 day moving average price of $22.33. First Horizon has a one year low of $15.19 and a one year high of $24.91. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.95 and a current ratio of 0.96. The stock has a market capitalization of $12.04 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 0.88 and a beta of 0.61.

First Horizon (NYSE:FHN) last announced its earnings results on Wednesday, October 15th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.06. The company had revenue of $893.00 million for the quarter, compared to analysts’ expectations of $848.08 million. First Horizon had a net margin of 18.08% and a return on equity of 10.93%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.42 EPS. Equities research analysts forecast that First Horizon will post 1.67 earnings per share for the current fiscal year.

First Horizon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Stockholders 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 dividend yield of 2.5%. First Horizon’s payout ratio is presently 36.36%.

First Horizon announced that its board has initiated a stock buyback plan on Monday, October 27th that permits the company to repurchase $1.20 billion in outstanding shares. This repurchase authorization permits the financial services provider to reacquire up to 11.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Insider Activity

In related news, EVP David T. Popwell sold 155,149 shares of the firm’s 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 $6,551,375.92. This trade represents a 33.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Jeff L. Fleming sold 7,619 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $21.74, for a total transaction of $165,637.06. Following the sale, the chief accounting officer owned 128,626 shares in the company, valued at $2,796,329.24. This trade represents a 5.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.87% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On First Horizon

A number of hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of First Horizon in the second quarter worth $131,399,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in First Horizon by 53.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,594,944 shares of the financial services provider’s stock valued at $244,594,000 after purchasing an additional 4,392,405 shares during the period. William Blair Investment Management LLC acquired a new position in First Horizon during the 2nd quarter worth $79,776,000. Azora Capital LP increased its holdings in First Horizon by 1,020.5% during the 2nd quarter. Azora Capital LP now owns 2,610,244 shares of the financial services provider’s stock worth $55,337,000 after purchasing an additional 2,377,300 shares during the period. Finally, Jupiter Asset Management Ltd. acquired a new stake in First Horizon in the 3rd quarter valued at about $49,180,000. 80.28% of the stock is currently owned by institutional investors and hedge funds.

More First Horizon News

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

• Positive Sentiment: TD Cowen analyst sees upside for FHN, forecasting a rising stock price — analyst optimism can support demand and lift sentiment ahead of results. First Horizon (NYSE:FHN) Stock Price Expected to Rise, TD Cowen Analyst Says
• Positive Sentiment: First Horizon made senior hires for its consumer distribution and ATM strategy (Ben Hopper) — a management move that could strengthen retail deposits, fee revenue and customer distribution execution. Ben Hopper Joins First Horizon Bank as Senior Vice President, Head of Consumer Distribution and ATM Strategy
• Positive Sentiment: Company announced broader leadership changes (regional/market leadership) — leadership refreshes can be viewed positively if they improve execution and local franchise growth. First Horizon Announces New Leadership
• Positive Sentiment: Wall Street and Zacks highlight FHN’s history of earnings beats and expect continued earnings growth in the upcoming report — recurring beats and upward surprises tend to lift short‑term stock performance. Will First Horizon (FHN) Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: Zacks and other outlets are comparing FHN to peer Cullen/Frost (CFR) on valuation — comparisons help frame FHN as a value pick for regional bank investors but outcome depends on relative earnings and margin trends. FHN or CFR: Which Is the Better Value Stock Right Now?
• Neutral Sentiment: Analyst roundups and regional bank coverage note FHN alongside peers (coverage can increase liquidity and interest but may have mixed near‑term impact). Analysts Offer Insights on Financial Companies: First Horizon (FHN) and Bank Of Hawaii (BOH)
• Negative Sentiment: Macro risk — lower interest rates remain a two‑edged sword: while some dividend‑focused narratives favor banks in a lower‑rate setup, rate cuts can compress net interest margins and reduce loan spread income for regional banks like FHN. Investors should weigh this macro risk ahead of earnings. 3 Financial Sector Dividend Stocks Ready to Dominate in a Lower Rate Environment

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.