Keefe, Bruyette & Woods Issues Positive Forecast for First Horizon (NYSE:FHN) Stock Price

First Horizon (NYSE:FHN) had its price objective lifted by Keefe, Bruyette & Woods from $24.00 to $25.00 in a research report released on Friday, MarketBeat reports. The brokerage currently has a market perform rating on the financial services provider’s stock.

FHN has been the topic of several other research reports. Raymond James Financial boosted their price target on shares of First Horizon from $23.00 to $27.00 and gave the company an “outperform” rating in a report on Wednesday, January 7th. JPMorgan Chase & Co. upped their target price on shares of First Horizon from $23.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, December 16th. Barclays raised their price target on shares of First Horizon from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday. The Goldman Sachs Group set a $27.00 target price on First Horizon and gave the stock a “neutral” rating in a report on Tuesday, January 6th. Finally, Baird R W lowered First Horizon from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 11th. Nine equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, First Horizon has an average rating of “Hold” and an average price target of $26.58.

First Horizon Stock Down 1.4%

FHN stock opened at $24.10 on Friday. First Horizon has a twelve month low of $15.19 and a twelve month high of $24.91. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.15. The company has a market cap of $11.87 billion, a PE ratio of 12.82, a price-to-earnings-growth ratio of 0.87 and a beta of 0.61. The business’s 50-day simple moving average is $23.22 and its 200 day simple moving average is $22.44.

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

First Horizon announced that its Board of Directors has approved a stock repurchase program on Monday, October 27th that allows the company to buyback $1.20 billion in outstanding shares. This buyback authorization allows the financial services provider to buy up to 11.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

First Horizon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Friday, December 12th were issued a dividend of $0.15 per share. 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 is presently 31.91%.

Insider Transactions at First Horizon

In other First Horizon news, EVP David T. Popwell sold 155,149 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president directly owned 307,432 shares of the company’s stock, valued at approximately $6,551,375.92. The trade was a 33.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Jeff L. Fleming sold 7,619 shares of the firm’s 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 completion of the sale, the chief accounting officer directly owned 128,626 shares of the company’s stock, valued at approximately $2,796,329.24. This represents a 5.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On First Horizon

Several hedge funds and other institutional investors have recently made changes to their positions in FHN. Navigoe LLC acquired a new position in shares of First Horizon during the third quarter valued at $25,000. Atlantic Union Bankshares Corp bought a new stake in First Horizon during the 3rd quarter worth about $25,000. Root Financial Partners LLC acquired a new position in First Horizon during the 3rd quarter valued at about $31,000. Kestra Investment Management LLC boosted its stake 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. grew 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 buying an additional 1,095 shares during the period. 80.28% of the stock is owned by institutional investors and hedge funds.

Key Stories 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

First Horizon Company Profile

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.