Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for First Horizon (NYSE:FHN) Stock

First Horizon (NYSE:FHN) had its price target hoisted by research analysts at Keefe, Bruyette & Woods from $24.00 to $25.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 2.29% from the stock’s previous close.

A number of other research firms also recently commented on FHN. JPMorgan Chase & Co. boosted their price objective on First Horizon from $23.00 to $27.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 16th. Barclays reiterated an “overweight” rating on shares of First Horizon in a research report on Friday. Citigroup raised their price objective on shares of First Horizon from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, December 30th. National Bankshares set a $28.00 target price on shares of First Horizon in a report on Tuesday, December 16th. Finally, Jefferies Financial Group set a $25.00 target price on shares of First Horizon and gave the stock a “buy” rating in a report on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $26.32.

First Horizon Stock Up 1.6%

FHN stock opened at $24.44 on Friday. The firm’s 50-day moving average is $23.17 and its two-hundred day moving average is $22.42. The company has a market capitalization of $12.03 billion, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 0.85 and a beta of 0.61. First Horizon has a 52 week low of $15.19 and a 52 week high of $24.91. 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 posted its quarterly earnings data on Thursday, January 15th. The financial services provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. First Horizon had a net margin of 18.08% and a return on equity of 10.93%. The business had revenue of $892.00 million for the quarter, compared to analyst estimates of $863.87 million. During the same quarter last year, the business earned $0.43 earnings per share. On average, analysts forecast that First Horizon will post 1.67 earnings per share for the current fiscal year.

First Horizon declared that its board has authorized a stock repurchase program on Monday, October 27th that permits the company to repurchase $1.20 billion in outstanding shares. This repurchase authorization permits the financial services provider to purchase up to 11.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity at First Horizon

In related news, EVP David T. Popwell sold 155,149 shares of the firm’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 transaction, the executive vice president 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 document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jeff L. Fleming sold 7,619 shares of First Horizon stock in a transaction that occurred on Wednesday, November 12th. The stock was 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. The trade was 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 currently owned by corporate insiders.

Institutional Trading of First Horizon

Several institutional investors have recently made changes to their positions in FHN. Navigoe LLC acquired a new position in First Horizon in the 3rd quarter valued at approximately $25,000. Atlantic Union Bankshares Corp acquired a new stake in shares of First Horizon during the 3rd quarter valued at $25,000. Root Financial Partners LLC acquired a new stake in shares of First Horizon during the 3rd quarter valued at $31,000. Kestra Investment Management LLC grew its holdings in shares of First Horizon by 873.1% during the 2nd quarter. Kestra Investment Management LLC now owns 1,625 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 1,458 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of 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 worth $35,000 after acquiring an additional 1,095 shares during the last quarter. 80.28% of the stock is currently owned by institutional investors and hedge funds.

Key First Horizon News

Here are the key news stories impacting First Horizon this week:

• Positive Sentiment: Q4 beat — First Horizon reported $0.52 GAAP EPS vs. $0.46 consensus and revenue of $892M vs. ~$864M expected; Q4 net margin and ROE remained solid. Read More.
• Positive Sentiment: Full‑year strength — 2025 net income available to common shareholders rose ~29% to $956M (NIAC) and adjusted NIAC rose 15% to $968M, supporting a firmer earnings outlook and showing revenue/credit strength. Read More.
• Positive Sentiment: Loan and deposit momentum — Management emphasized loan growth and deposit discipline as drivers of outperformance, a mix investors like because it supports revenue and preserves margin while controlling funding costs. Read More.
• Positive Sentiment: Earnings call tone — The Q4 call highlighted strong profits and “manageable risks,” which reassures investors about credit and rate‑cycle exposure; management also provided slides/transcript for deeper review. Read More.
• Neutral Sentiment: Docs & detail available — Full earnings presentation and call transcript are posted (useful for modeling and conference‑call follow up). Read More. • Read More.
• Neutral Sentiment: Analyst reads — Coverage pieces (Zacks, TipRanks summaries) dig into key metrics and what to watch (credit trends, NIM, loan mix); these shape medium‑term estimates but contain no major surprises so far. Read More.

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.