First Horizon (NYSE:FHN) Price Target Raised to $25.00

First Horizon (NYSE:FHN) had its target price hoisted by Keefe, Bruyette & Woods from $24.00 to $25.00 in a research note issued to investors on Friday morning, Marketbeat reports. They currently have a market perform rating on the financial services provider’s stock.

Other equities analysts also recently issued research reports about the company. Stephens upped their price target on First Horizon from $28.00 to $29.00 and gave the stock an “overweight” rating in a research report on Friday. Raymond James Financial increased their target price on shares of First Horizon from $23.00 to $27.00 and gave the stock an “outperform” rating in a report on Wednesday, January 7th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $28.00 target price on shares of First Horizon in a research report on Monday, January 12th. Evercore ISI reissued an “in-line” rating and set a $20.00 price target (down from $26.00) on shares of First Horizon in a research report on Thursday, October 16th. Finally, Citigroup increased their price target on First Horizon from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, December 30th. Nine analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $26.58.

First Horizon Stock Performance

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

First Horizon (NYSE:FHN) last issued its quarterly earnings data on Thursday, January 15th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.06. First Horizon had a net margin of 19.67% and a return on equity of 11.21%. The company had revenue of $892.00 million during the quarter, compared to the consensus estimate of $863.87 million. During the same quarter in the prior year, the firm earned $0.43 earnings per share. On average, analysts expect that First Horizon will post 1.67 earnings per share for the current fiscal year.

First Horizon declared that its Board of Directors has approved a stock buyback program on Monday, October 27th that allows the company to buyback $1.20 billion in outstanding shares. This buyback authorization allows the financial services provider to purchase up to 11.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

First Horizon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Friday, December 12th were issued 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 payout ratio is currently 31.91%.

Insider Activity at First Horizon

In related news, EVP David T. Popwell sold 155,149 shares of the stock in a transaction that occurred on 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 sale, the executive vice president owned 307,432 shares of the company’s stock, valued at $6,551,375.92. This represents a 33.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Jeff L. Fleming sold 7,619 shares of the business’s stock in a transaction dated 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 transaction, the chief accounting officer directly owned 128,626 shares of the company’s stock, valued at approximately $2,796,329.24. This trade represents a 5.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.87% of the company’s stock.

Institutional Trading of First Horizon

Institutional investors and hedge funds have recently made changes to their positions in the company. Navigoe LLC acquired a new position in First Horizon during the third quarter valued at approximately $25,000. Atlantic Union Bankshares Corp acquired a new position in First Horizon during the third quarter worth about $25,000. Root Financial Partners LLC acquired a new position in First Horizon during the 3rd quarter worth approximately $31,000. Kestra Investment Management LLC boosted its holdings in shares of First Horizon by 873.1% during the 2nd quarter. Kestra Investment Management LLC now owns 1,625 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 1,458 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of First Horizon by 156.7% during the first quarter. Geneos Wealth Management Inc. now owns 1,794 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 1,095 shares during the last quarter. Institutional investors own 80.28% of the company’s stock.

Key Stories Impacting 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.