First Horizon (NYSE:FHN) Stock Price Expected to Rise, TD Cowen Analyst Says

First Horizon (NYSE:FHN) had its target price boosted by equities research analysts at TD Cowen from $26.00 to $27.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the financial services provider’s stock. TD Cowen’s target price would indicate a potential upside of 12.03% from the company’s previous close.

FHN has been the subject of a number of other reports. Wells Fargo & Company lowered their price target on First Horizon from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Thursday, October 16th. Wall Street Zen upgraded shares of First Horizon from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Evercore ISI reaffirmed an “in-line” rating and issued a $20.00 target price (down from $26.00) on shares of First Horizon in a research report on Thursday, October 16th. National Bankshares set a $28.00 price target on shares of First Horizon in a research note on Tuesday, December 16th. Finally, Baird R W downgraded shares of First Horizon from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 11th. Nine research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $26.58.

First Horizon Price Performance

First Horizon stock opened at $24.10 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15. The company has a fifty day simple moving average of $23.22 and a 200-day simple moving average of $22.45. The stock has a market cap of $11.87 billion, a P/E ratio of 12.82, a price-to-earnings-growth ratio of 0.86 and a beta of 0.61. First Horizon has a 12-month low of $15.19 and a 12-month high of $24.91.

First Horizon (NYSE:FHN) last posted its quarterly earnings results on Thursday, January 15th. The financial services provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. The company had revenue of $892.00 million for the quarter, compared to analysts’ expectations of $863.87 million. First Horizon had a return on equity of 11.21% and a net margin of 19.67%.During the same period last year, the firm earned $0.43 earnings per share. Equities analysts expect that First Horizon will post 1.67 EPS for the current fiscal year.

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

Insider Activity

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

Institutional Investors Weigh In On First Horizon

Several hedge funds have recently modified their holdings of FHN. Navigoe LLC acquired a new position in First Horizon in the 3rd quarter valued at $25,000. Atlantic Union Bankshares Corp acquired a new position in shares of First Horizon during the third quarter worth about $25,000. Root Financial Partners LLC acquired a new position in shares of First Horizon during the third quarter worth about $31,000. Kestra Investment Management LLC raised its holdings in First Horizon by 873.1% during the second quarter. Kestra Investment Management LLC now owns 1,625 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 1,458 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in First Horizon by 156.7% in the first quarter. Geneos Wealth Management Inc. now owns 1,794 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 1,095 shares during the period. 80.28% of the stock is owned by institutional investors and hedge funds.

First Horizon News Summary

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.