Wells Fargo & Company Cuts First Horizon (NYSE:FHN) Price Target to $25.00

Posted by Geri Gentry on Oct 3rd, 2026

First Horizon (NYSE:FHN – Free Report) had its price objective reduced by Wells Fargo & Company from $28.00 to $25.00 in a report issued on Wednesday,Benzinga reports. They currently have an equal weight rating on the financial services provider’s stock.

Other analysts have also issued reports about the stock. Truist Financial raised their price objective on shares of First Horizon from $26.00 to $27.00 and gave the stock a “hold” rating in a report on Friday, July 10th. National Bank Financial set a $30.00 target price on First Horizon in a report on Tuesday, September 8th. Wall Street Zen lowered First Horizon from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Weiss Ratings restated a “buy (b)” rating on shares of First Horizon in a research note on Friday, September 4th. Finally, Morgan Stanley started coverage on First Horizon in a research report on Tuesday, September 8th. They set an “equal weight” rating and a $30.00 price target on the stock. Nine research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $27.07.

Check Out Our Latest Stock Analysis on First Horizon

First Horizon Stock Up 1.7%

Shares of NYSE FHN opened at $23.45 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.15. First Horizon has a 12 month low of $19.80 and a 12 month high of $26.56. The firm has a market capitalization of $11.11 billion, a PE ratio of 11.22, a price-to-earnings-growth ratio of 0.92 and a beta of 0.61. The firm has a fifty day simple moving average of $24.69 and a two-hundred day simple moving average of $24.45.

First Horizon (NYSE:FHN – Get Free Report) last posted its earnings results on Wednesday, July 15th. The financial services provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.52 by $0.02. The firm had revenue of $887.00 million during the quarter, compared to analysts’ expectations of $878.42 million. First Horizon had a net margin of 21.12% and a return on equity of 12.06%. During the same period last year, the company posted $0.45 EPS. Equities analysts expect that First Horizon will post 2.15 earnings per share for the current year.

First Horizon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Friday, September 11th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, September 11th. First Horizon’s dividend payout ratio is 32.54%.

Insider Transactions at First Horizon

In other First Horizon news, EVP Elizabeth Ardoin sold 18,313 shares of First Horizon stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $24.85, for a total value of $455,078.05. Following the completion of the transaction, the executive vice president directly owned 340,368 shares of the company’s stock, valued at approximately $8,458,144.80. The trade was a 5.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On First Horizon

Institutional investors have recently made changes to their positions in the company. Ancora Advisors LLC purchased a new position in First Horizon in the 2nd quarter worth approximately $42,000. Basecamp Wealth Advisors LLC lifted its position in First Horizon by 56.2% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 2,073 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 746 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in First Horizon by 58.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,352 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 864 shares during the last quarter. Transamerica Financial Advisors LLC purchased a new stake in First Horizon during the 2nd quarter valued at $70,000. Finally, Cedar Mountain Advisors LLC bought a new stake in shares of First Horizon in the 1st quarter worth $77,000. Hedge funds and other institutional investors own 80.28% of the company’s stock.

About First Horizon

(Get Free Report)

First Horizon Corporation (NYSE:FHN) is a financial services company headquartered in Memphis, Tennessee. Through its banking subsidiary, First Horizon Bank, the company provides a range of financial products and services to consumers, businesses, and institutions.

Its main activities include consumer and commercial banking, lending, deposit accounts, treasury and cash-management services, mortgage banking, and investment and wealth-management services. First Horizon also offers capital-markets and investment-banking services through its specialized businesses, serving clients across various industries and market segments.

The company traces its roots to First Tennessee Bank, which was founded in Memphis in 1864.