First Horizon (NYSE:FHN) Price Target Raised to $27.00 at TD Cowen

First Horizon (NYSE:FHN) had its price target hoisted by TD Cowen from $26.00 to $27.00 in a research note released on Friday,Benzinga reports. The firm currently has a hold rating on the financial services provider’s stock.

FHN has been the subject of several other research reports. Raymond James Financial raised their price objective on shares of First Horizon from $23.00 to $27.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 7th. National Bankshares set a $28.00 price target on First Horizon in a research note on Tuesday, December 16th. Barclays upped their price objective on First Horizon from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday. Jefferies Financial Group set a $25.00 target price on First Horizon and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Finally, Cowen restated a “hold” rating on shares of First Horizon in a report on Wednesday, January 7th. Nine research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $26.58.

First Horizon Trading Down 1.4%

FHN stock opened at $24.10 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.15. First Horizon has a twelve month low of $15.19 and a twelve month high of $24.91. The stock has a market capitalization of $11.87 billion, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 0.87 and a beta of 0.61. The firm’s fifty day simple moving average is $23.22 and its two-hundred day simple moving average is $22.44.

First Horizon (NYSE:FHN) last released its earnings results 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 firm had revenue of $892.00 million during the quarter, compared to analyst estimates of $863.87 million. During the same quarter last year, the business earned $0.43 EPS. As a group, analysts anticipate that First Horizon will post 1.67 earnings per share for the current year.

First Horizon Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Friday, December 12th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, December 12th. This represents a $0.60 annualized dividend and a dividend yield of 2.5%. First Horizon’s dividend payout ratio (DPR) is currently 31.91%.

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

Insider Transactions at First Horizon

In other news, EVP David T. Popwell sold 155,149 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $21.31, for a total value of $3,306,225.19. Following the completion of the sale, the executive vice president owned 307,432 shares of the company’s stock, valued at approximately $6,551,375.92. This represents a 33.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $165,637.06. Following the transaction, the chief accounting officer owned 128,626 shares in the company, valued at approximately $2,796,329.24. This 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 owned by corporate insiders.

Institutional Trading of First Horizon

A number of hedge funds have recently bought and sold shares of FHN. Exchange Traded Concepts LLC bought a new stake in First Horizon during the 4th quarter valued at $111,000. Clear Trail Advisors LLC purchased a new stake in shares of First Horizon during the 4th quarter worth $507,000. Hilltop National Bank bought a new stake in First Horizon during the fourth quarter valued at about $120,000. Sagespring Wealth Partners LLC purchased a new position in First Horizon in the fourth quarter valued at about $291,000. Finally, Park Avenue Securities LLC bought a new position in First Horizon in the fourth quarter worth about $301,000. Hedge funds and other institutional investors own 80.28% of the company’s stock.

Key Headlines 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

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.