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

Posted by Brenda Bartman on Nov 12th, 2026

First Horizon (NYSE:FHN – Free Report) had its price target upped by Wells Fargo & Company from $25.00 to $26.00 in a report released on Monday,Benzinga reports. The firm currently has an equal weight rating on the financial services provider’s stock.

Several other research analysts have also commented on the company. Evercore reaffirmed a “hold” rating and set a $25.00 price target on shares of First Horizon in a research report on Thursday, October 1st. JPMorgan Chase & Co. decreased their price objective on First Horizon from $27.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, October 16th. Hovde Group started coverage on First Horizon in a report on Thursday, September 17th. They issued a “market perform” rating and a $25.00 price objective for the company. Morgan Stanley set a $31.00 target price on shares of First Horizon in a research report on Friday, October 16th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of First Horizon in a report on Friday, September 4th. Seven investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $27.12.

View Our Latest Stock Analysis on FHN

First Horizon Stock Up 0.1%

FHN opened at $23.58 on Monday. The business’s 50-day simple moving average is $23.55 and its 200-day simple moving average is $24.25. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.91 and a current ratio of 0.97. First Horizon has a one year low of $20.40 and a one year high of $26.56. The stock has a market capitalization of $11.10 billion, a P/E ratio of 16.96, a price-to-earnings-growth ratio of 0.98 and a beta of 0.62.

First Horizon (NYSE:FHN – Get Free Report) last posted its earnings results on Thursday, October 15th. The financial services provider reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.01. The business had revenue of $883.00 million during the quarter, compared to the consensus estimate of $889.18 million. First Horizon had a return on equity of 12.24% and a net margin of 14.35%. During the same period in the previous year, the business earned $0.51 EPS. Analysts anticipate that First Horizon will post 2.14 EPS for the current year.

First Horizon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Investors of record on Friday, December 11th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.9%. First Horizon’s dividend payout ratio (DPR) is currently 48.92%.

Insider Activity

In related news, EVP Elizabeth Ardoin sold 18,313 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $24.85, for a total value of $455,078.05. Following the transaction, the executive vice president owned 340,368 shares in the company, valued at $8,458,144.80. The trade was a 5.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.91% of the stock is currently owned by corporate insiders.

Institutional Trading of First Horizon

Hedge funds have recently added to or reduced their stakes in the stock. Ancora Advisors LLC acquired a new position in shares of First Horizon in the second quarter valued at approximately $42,000. Basecamp Wealth Advisors LLC raised its stake in shares of First Horizon by 56.2% during the first quarter. Basecamp Wealth Advisors LLC now owns 2,073 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 746 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of First Horizon by 58.1% during the second quarter. Parkside Financial Bank & Trust now owns 2,352 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 864 shares during the period. Transamerica Financial Advisors LLC acquired a new stake in shares of First Horizon during the second quarter worth $70,000. Finally, Parallel Advisors LLC lifted its holdings in shares of First Horizon by 29.4% during the first quarter. Parallel Advisors LLC now owns 3,740 shares of the financial services provider’s stock worth $85,000 after purchasing an additional 850 shares during the period. 80.28% of the stock is owned by institutional investors and hedge funds.

About First Horizon

(Get Free Report)

First Horizon Corporation is a regional financial services company headquartered in Memphis, Tennessee, and the parent of First Horizon Bank. Its banking roots date to 1864, when the First National Bank of Memphis was established. Through its banking operations, First Horizon serves consumers, businesses and institutions across the southeastern United States and Texas. Its services include consumer and commercial banking, lending, treasury and payment solutions, and wealth management. The company also provides specialized financial services, including capital markets and fixed-income services, as well as mortgage banking.