FY2025 EPS Estimates for First Horizon Increased by Analyst

First Horizon Corporation (NYSE:FHN) – Analysts at DA Davidson upped their FY2025 earnings per share (EPS) estimates for shares of First Horizon in a research report issued to clients and investors on Thursday, October 16th. DA Davidson analyst P. Winter now expects that the financial services provider will post earnings per share of $1.85 for the year, up from their previous forecast of $1.76. DA Davidson currently has a “Neutral” rating and a $24.00 price target on the stock. The consensus estimate for First Horizon’s current full-year earnings is $1.67 per share. DA Davidson also issued estimates for First Horizon’s Q4 2025 earnings at $0.46 EPS and FY2026 earnings at $1.95 EPS.

Other research analysts also recently issued reports about the company. Cowen started coverage on First Horizon in a report on Wednesday, September 24th. They set a “hold” rating on the stock. Evercore ISI reaffirmed an “in-line” rating and set a $20.00 target price (down from $26.00) on shares of First Horizon in a report on Thursday. Truist Financial lifted their target price on First Horizon from $23.00 to $24.00 and gave the stock a “hold” rating in a report on Wednesday, September 24th. Raymond James Financial set a $23.00 target price on First Horizon in a report on Wednesday. Finally, TD Cowen started coverage on First Horizon in a research note on Thursday, September 25th. They issued a “hold” rating and a $25.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $24.47.

First Horizon Stock Up 1.7%

Shares of FHN opened at $20.28 on Friday. The company has a market capitalization of $10.30 billion, a PE ratio of 12.29, a PEG ratio of 0.81 and a beta of 0.67. First Horizon has a 12 month low of $15.19 and a 12 month high of $23.70. The stock’s 50-day moving average price is $22.39 and its two-hundred day moving average price is $20.75. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15.

First Horizon (NYSE:FHN) last announced its earnings results on Wednesday, October 15th. The financial services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.45 by $0.06. The firm had revenue of $849.00 million for the quarter, compared to the consensus estimate of $848.08 million. First Horizon had a return on equity of 11.03% and a net margin of 18.08%.The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.42 EPS.

Institutional Trading of First Horizon

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its position in First Horizon by 2.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 77,020 shares of the financial services provider’s stock valued at $1,496,000 after buying an additional 1,481 shares in the last quarter. Cerity Partners LLC increased its position in First Horizon by 22.0% in the 1st quarter. Cerity Partners LLC now owns 126,555 shares of the financial services provider’s stock valued at $2,458,000 after buying an additional 22,852 shares in the last quarter. Brown Advisory Inc. increased its position in First Horizon by 13.3% in the 1st quarter. Brown Advisory Inc. now owns 69,033 shares of the financial services provider’s stock valued at $1,341,000 after buying an additional 8,110 shares in the last quarter. Cary Street Partners Financial LLC increased its position in First Horizon by 713.3% in the 1st quarter. Cary Street Partners Financial LLC now owns 151,053 shares of the financial services provider’s stock valued at $2,933,000 after buying an additional 132,481 shares in the last quarter. Finally, Baird Financial Group Inc. bought a new stake in First Horizon in the 1st quarter valued at about $7,506,000. 80.28% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP David T. Popwell sold 100,000 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $22.50, for a total value of $2,250,000.00. Following the completion of the sale, the executive vice president directly owned 462,581 shares of the company’s stock, valued at $10,408,072.50. The trade was a 17.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.87% of the stock is owned by corporate insiders.

First Horizon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, September 12th. First Horizon’s payout ratio is currently 36.36%.

About First Horizon

First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. The company operates through Regional Banking and Specialty Banking segments. It offers general banking services for consumers, businesses, financial institutions, and governments.