First Horizon Corporation (NYSE:FHN) Stock Has Average Price Target of $27.07

Shares of First Horizon Corporation (NYSE:FHN) have received an average recommendation of “Hold” from the twenty-one analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $27.07.

A number of research firms have recently issued reports on FHN. UBS Group restated a “buy” rating on shares of First Horizon in a research note on Thursday, July 16th. Truist Financial cut their price objective on First Horizon from $27.00 to $25.00 and set a “hold” rating for the company in a report on Friday, October 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of First Horizon in a research report on Friday, September 4th. Morgan Stanley began coverage on First Horizon in a report on Tuesday, September 8th. They issued an “equal weight” rating and a $30.00 target price on the stock. Finally, Raymond James Financial increased their target price on First Horizon from $26.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st.

Insider Activity at First Horizon

In other news, EVP Elizabeth Ardoin sold 18,313 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $24.85, for a total value of $455,078.05. Following the transaction, the executive vice president owned 340,368 shares in the company, valued at $8,458,144.80. This represents a 5.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.91% of the stock is owned by insiders.

Institutional Investors Weigh In On First Horizon

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. purchased a new position in First Horizon during the second quarter valued at $1,505,239,000. Bank of New York Mellon Corp bought a new position in shares of First Horizon during the 2nd quarter valued at approximately $747,445,000. North Reef Capital Management LP grew its stake in shares of First Horizon by 25.5% during the 1st quarter. North Reef Capital Management LP now owns 14,453,208 shares of the financial services provider’s stock valued at $328,955,000 after acquiring an additional 2,936,368 shares during the period. William Blair Investment Management LLC bought a new position in shares of First Horizon during the 2nd quarter valued at approximately $123,283,000. Finally, Bank of America Corp DE bought a new position in shares of First Horizon during the 2nd quarter valued at approximately $96,739,000. Institutional investors own 80.28% of the company’s stock.

First Horizon Trading Up 0.8%

Shares of FHN stock opened at $22.85 on Friday. First Horizon has a 12-month low of $19.80 and a 12-month high of $26.56. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.15. The firm’s 50 day moving average is $24.20 and its 200 day moving average is $24.52. The stock has a market capitalization of $10.83 billion, a P/E ratio of 10.93, a P/E/G ratio of 0.97 and a beta of 0.61.

First Horizon (NYSE:FHN) last announced its earnings results on Thursday, October 15th. The financial services provider reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The business had revenue of $883.00 million during the quarter, compared to analyst estimates of $889.18 million. First Horizon had a net margin of 21.12% and a return on equity of 12.06%. During the same period in the previous year, the business earned $0.51 EPS. Research analysts expect that First Horizon will post 2.15 earnings per share for the current year.

First Horizon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Friday, September 11th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $0.68 annualized dividend and a dividend yield of 3.0%. First Horizon’s dividend payout ratio is presently 32.54%.

First Horizon News Roundup

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

• Positive Sentiment: Adjusted earnings exceeded expectations. First Horizon reported earnings of $0.53 per share, up from $0.51 a year earlier and slightly above the $0.52 analyst consensus. First Horizon third-quarter earnings report
• Positive Sentiment: Management expects strategic benefits from the portfolio reshaping. First Horizon plans to sell approximately $4.5 billion of consumer mortgages, allowing it to reduce exposure to lower-return assets and redeploy capital toward loans and businesses with better earnings and growth potential. First Horizon strategic balance-sheet changes
• Neutral Sentiment: The transaction creates near-term disruption but could improve the earnings mix. The earnings call focused on shifting the balance sheet toward stronger risk-adjusted returns, with the benefits expected to develop over time rather than immediately. First Horizon portfolio reshaping earnings call
• Negative Sentiment: Revenue fell short of forecasts. Quarterly revenue was $883 million versus the $889.18 million consensus, suggesting operating performance was not uniformly strong despite the per-share earnings beat. First Horizon Q3 2026 earnings
• Negative Sentiment: GAAP results swung to a substantial loss. First Horizon posted a $94 million net loss available to common shareholders, or $0.20 per share, primarily reflecting the mortgage-portfolio sale and related repositioning costs. Investors may remain cautious until the planned asset sale translates into stronger recurring profitability. First Horizon mortgage portfolio sale

About First Horizon

First Horizon Corporation (NYSE:FHN) is a financial services company headquartered in Memphis, Tennessee. Through its banking subsidiary, First Horizon Bank, the company provides a range of financial products and services to consumers, businesses, and institutions.

Its main activities include consumer and commercial banking, lending, deposit accounts, treasury and cash-management services, mortgage banking, and investment and wealth-management services. First Horizon also offers capital-markets and investment-banking services through its specialized businesses, serving clients across various industries and market segments.

The company traces its roots to First Tennessee Bank, which was founded in Memphis in 1864.