First Horizon (NYSE:FHN) Price Target Raised to $26.00

First Horizon (NYSE:FHN) had its price objective increased by Truist Financial from $25.00 to $26.00 in a research note published on Monday morning,Benzinga reports. Truist Financial currently has a hold rating on the financial services provider’s stock.

FHN has been the subject of a number of other reports. Evercore reissued a “hold” rating and set a $25.00 price objective on shares of First Horizon in a research report on Thursday, October 1st. JPMorgan Chase & Co. cut their target price on shares of First Horizon from $27.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, October 16th. Morgan Stanley set a $31.00 target price on shares of First Horizon in a report on Friday, October 16th. Wells Fargo & Company reduced their target price on shares of First Horizon from $28.00 to $25.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 30th. Finally, Raymond James Financial decreased their price target on shares of First Horizon from $28.00 to $27.00 and set an “outperform” rating for the company in a research note on Friday, October 16th. Eight analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $27.07.

First Horizon Trading Up 0.6%

FHN opened at $23.20 on Monday. First Horizon has a 12 month low of $20.40 and a 12 month high of $26.56. The stock has a market capitalization of $10.99 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 0.96 and a beta of 0.61. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.97 and a quick ratio of 0.91. The business has a fifty day moving average price of $24.00 and a 200 day moving average price of $24.53.

First Horizon (NYSE:FHN) last issued its quarterly earnings results on Thursday, October 15th. The financial services provider reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.01. The company had revenue of $883.00 million for the quarter, compared to the consensus estimate of $889.18 million. First Horizon had a return on equity of 12.24% and a net margin of 14.35%. During the same quarter in the prior year, the business earned $0.51 EPS. Sell-side analysts expect that First Horizon will post 2.14 earnings per share for the current fiscal year.

First Horizon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Friday, September 11th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, September 11th. First Horizon’s dividend payout ratio is 48.92%.

Insider Buying and Selling

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

Institutional Trading of First Horizon

A number of institutional investors have recently bought and sold shares of the business. Cantor Fitzgerald Investment Advisors L.P. acquired a new position in First Horizon in the third quarter valued at $2,072,000. Quadrant Capital Group LLC grew its holdings in shares of First Horizon by 2.3% during the third quarter. Quadrant Capital Group LLC now owns 28,787 shares of the financial services provider’s stock worth $655,000 after purchasing an additional 642 shares during the last quarter. CWA Asset Management Group LLC grew its holdings in shares of First Horizon by 11.4% during the third quarter. CWA Asset Management Group LLC now owns 340,886 shares of the financial services provider’s stock worth $7,847,000 after purchasing an additional 34,836 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of First Horizon during the third quarter worth about $14,842,000. Finally, Reliant Investment Management LLC acquired a new stake in shares of First Horizon during the third quarter worth about $5,214,000. 80.28% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting First Horizon

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

• Positive Sentiment: Truist raised its price target to $26: The higher target suggests the analyst sees additional upside for FHN, supporting investor sentiment. Truist raises target to USD 26.00 for First Horizon stock
• Positive Sentiment: Heavy call-option buying signaled bullish positioning: Traders acquired 100,171 call options, 1,415% above the average volume. While options activity can be speculative, the sharp increase indicates heightened expectations for a potential rise in FHN shares.
• Positive Sentiment: Greenlight partnership expands customer offerings: First Horizon Bank will provide clients and their families access to Greenlight’s financial-management and safety tools for children and teens. The initiative could strengthen customer engagement and support long-term relationship growth. First Horizon Bank and Greenlight partnership
• Neutral Sentiment: Upcoming investor conference participation: CFO Hope Dmuchowski is scheduled to speak at the BancAnalysts Association of Boston Conference on November 5. The event may provide updates on strategy and financial trends, but no new guidance was announced. First Horizon conference participation
• Neutral Sentiment: Management recognition: Senior Vice President Lena McCloskey received American Banker’s 2026 Most Powerful Women in Banking NEXT award, a positive reputational development but unlikely to materially affect near-term earnings. Lena McCloskey receives NEXT Award

First Horizon Company Profile

First Horizon Corporation is a financial services company headquartered in Memphis, Tennessee, and the parent company of First Horizon Bank. The company provides banking and financial services to individuals, businesses, institutions and government entities through a network serving communities primarily across the southeastern United States.

Its offerings include consumer and commercial deposit accounts, residential and commercial lending, treasury management, payment services, personal and business banking, and wealth management.