First Horizon (FHN) – Investment Analysts’ Weekly Ratings Updates

A number of research firms have changed their ratings and price targets for First Horizon (NYSE: FHN):

• 1/17/2025 – First Horizon had its “overweight” rating reaffirmed by analysts at Stephens. They now have a $24.00 price target on the stock.
• 1/17/2025 – First Horizon had its price target raised by analysts at JPMorgan Chase & Co. from $22.50 to $23.50. They now have a “neutral” rating on the stock.
• 1/17/2025 – First Horizon had its price target raised by analysts at Wells Fargo & Company from $21.00 to $22.00. They now have an “equal weight” rating on the stock.
• 1/17/2025 – First Horizon had its price target raised by analysts at Bank of America Co. from $23.00 to $25.00. They now have a “buy” rating on the stock.
• 1/7/2025 – First Horizon had its price target lowered by analysts at JPMorgan Chase & Co. from $23.00 to $22.50. They now have a “neutral” rating on the stock.
• 12/20/2024 – First Horizon had its price target raised by analysts at Barclays PLC from $23.00 to $25.00. They now have an “overweight” rating on the stock.
• 12/19/2024 – First Horizon had its price target raised by analysts at Keefe, Bruyette & Woods from $23.00 to $24.00. They now have a “market perform” rating on the stock.
• 12/17/2024 – First Horizon is now covered by analysts at UBS Group AG. They set a “buy” rating and a $25.00 price target on the stock.
• 12/11/2024 – First Horizon had its price target raised by analysts at Royal Bank of Canada from $22.00 to $23.00. They now have an “outperform” rating on the stock.
• 12/3/2024 – First Horizon had its price target raised by analysts at Wells Fargo & Company from $18.00 to $21.00. They now have an “equal weight” rating on the stock.
• 11/26/2024 – First Horizon had its price target raised by analysts at The Goldman Sachs Group, Inc. from $18.50 to $23.00. They now have a “neutral” rating on the stock.

First Horizon Trading Up 0.5 %

FHN traded up $0.10 during trading on Friday, reaching $21.01. 4,294,994 shares of the company’s stock were exchanged, compared to its average volume of 5,825,338. The company’s fifty day moving average price is $20.52 and its 200-day moving average price is $17.84. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.95 and a current ratio of 0.96. The firm has a market capitalization of $11.14 billion, a PE ratio of 15.44, a P/E/G ratio of 1.19 and a beta of 0.92. First Horizon Co. has a fifty-two week low of $13.45 and a fifty-two week high of $21.82.

First Horizon (NYSE:FHN) last released its quarterly earnings data on Thursday, January 16th. The financial services provider reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. First Horizon had a return on equity of 10.10% and a net margin of 15.38%. During the same period in the prior year, the firm earned $0.32 earnings per share. As a group, equities analysts forecast that First Horizon Co. will post 1.63 EPS for the current year.

First Horizon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend was Friday, December 13th. First Horizon’s dividend payout ratio is currently 44.12%.

Insider Buying and Selling at First Horizon

In other First Horizon news, EVP David T. Popwell sold 100,974 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $19.77, for a total value of $1,996,255.98. Following the completion of the sale, the executive vice president now directly owns 519,926 shares in the company, valued at $10,278,937.02. This represents a 16.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Harry V. Barton, Jr. sold 10,000 shares of First Horizon stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $19.92, for a total value of $199,200.00. Following the transaction, the director now owns 166,840 shares in the company, valued at $3,323,452.80. This trade represents a 5.65 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 220,954 shares of company stock valued at $4,519,333. Corporate insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On First Horizon

A number of hedge funds and other institutional investors have recently made changes to their positions in FHN. UMB Bank n.a. increased its holdings in First Horizon by 365.0% during the 3rd quarter. UMB Bank n.a. now owns 1,688 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 1,325 shares in the last quarter. Nemes Rush Group LLC raised its position in First Horizon by 306.2% in the 2nd quarter. Nemes Rush Group LLC now owns 1,828 shares of the financial services provider’s stock valued at $29,000 after buying an additional 1,378 shares during the last quarter. Versant Capital Management Inc lifted its stake in First Horizon by 160.1% in the 4th quarter. Versant Capital Management Inc now owns 1,436 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 884 shares in the last quarter. Covestor Ltd boosted its position in First Horizon by 44.0% during the 3rd quarter. Covestor Ltd now owns 2,130 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 651 shares during the last quarter. Finally, True Wealth Design LLC bought a new position in shares of First Horizon during the 3rd quarter worth approximately $36,000. 80.28% of the stock is currently owned by institutional investors and hedge funds.

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.