First Horizon Corporation (NYSE:FHN) Sees Significant Decrease in Short Interest

First Horizon Corporation (NYSE:FHN) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 9,071,624 shares, a decline of 40.1% from the December 15th total of 15,155,429 shares. Based on an average daily volume of 5,240,291 shares, the short-interest ratio is presently 1.7 days. Currently, 1.9% of the company’s shares are sold short. Currently, 1.9% of the company’s shares are sold short. Based on an average daily volume of 5,240,291 shares, the short-interest ratio is presently 1.7 days.

First Horizon Stock Down 1.4%

Shares of FHN traded down $0.34 during mid-day trading on Friday, hitting $24.10. 11,606,210 shares of the company’s stock were exchanged, compared to its average volume of 5,195,240. The stock’s 50-day moving average is $23.22 and its 200-day moving average is $22.45. 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 fifty-two week low of $15.19 and a fifty-two week high of $24.91. The company has a market cap of $11.87 billion, a price-to-earnings ratio of 12.82, a P/E/G ratio of 0.86 and a beta of 0.61.

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

First Horizon declared that its board has initiated a share buyback plan on Monday, October 27th that authorizes the company to repurchase $1.20 billion in shares. This repurchase authorization authorizes the financial services provider to repurchase up to 11.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

First Horizon Dividend Announcement

The business 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. This represents a $0.60 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Friday, December 12th. First Horizon’s dividend payout ratio (DPR) is presently 31.91%.

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

Insider Activity

In other news, CAO Jeff L. Fleming sold 7,619 shares of the 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 owned 128,626 shares of the company’s stock, valued at $2,796,329.24. This represents a 5.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP David T. Popwell sold 155,149 shares of the firm’s 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 position. The disclosure for this sale is available in the SEC filing. Insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On First Horizon

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Navigoe LLC acquired a new position in shares of First Horizon during the third quarter worth about $25,000. Atlantic Union Bankshares Corp acquired a new position in First Horizon during the 3rd quarter worth approximately $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 increased its position in shares of First Horizon by 873.1% in the 2nd quarter. Kestra Investment Management LLC now owns 1,625 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 1,458 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of First Horizon by 156.7% during the 1st 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. Hedge funds and other institutional investors own 80.28% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on FHN. TD Cowen upped their price target on First Horizon from $26.00 to $27.00 and gave the company a “hold” rating in a research note on Friday. Truist Financial set a $27.00 target price on shares of First Horizon in a research report on Friday, January 9th. DA Davidson increased their target price on shares of First Horizon from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Friday. Weiss Ratings reissued a “hold (c+)” rating on shares of First Horizon in a research note on Monday, December 29th. Finally, Citigroup upped their price objective on shares of First Horizon from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, December 30th. Nine investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, First Horizon currently has an average rating of “Hold” and a consensus price target of $26.58.

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.