DA Davidson Raises First Horizon (NYSE:FHN) Price Target to $27.00

First Horizon (NYSE:FHN) had its price objective hoisted by research analysts at DA Davidson from $25.00 to $27.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. DA Davidson’s target price would suggest a potential upside of 10.43% from the stock’s previous close.

FHN has been the subject of several other reports. Evercore ISI reissued an “in-line” rating and set a $20.00 target price (down from $26.00) on shares of First Horizon in a research note on Thursday, October 16th. Royal Bank Of Canada reissued an “outperform” rating and set a $28.00 price objective on shares of First Horizon in a research report on Monday. Wall Street Zen raised shares of First Horizon from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. JPMorgan Chase & Co. boosted their price target on shares of First Horizon from $23.00 to $27.00 and gave the stock a “neutral” rating in a report on Tuesday, December 16th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of First Horizon in a research report on Monday, December 29th. Nine investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $26.63.

First Horizon Stock Up 0.0%

Shares of NYSE:FHN opened at $24.45 on Friday. The firm has a market capitalization of $12.04 billion, a PE ratio of 14.80, a price-to-earnings-growth ratio of 0.85 and a beta of 0.61. First Horizon has a 1 year low of $15.19 and a 1 year high of $24.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.96 and a quick ratio of 0.95. The firm’s 50-day moving average is $23.17 and its two-hundred day moving average is $22.42.

First Horizon (NYSE:FHN) last announced its earnings results on Thursday, January 15th. The financial services provider reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.06. First Horizon had a net margin of 18.08% and a return on equity of 10.93%. The firm had revenue of $892.00 million for the quarter, compared to the consensus estimate of $863.87 million. During the same period in the prior year, the firm earned $0.43 EPS. Analysts predict that First Horizon will post 1.67 EPS for the current year.

First Horizon announced that its Board of Directors has initiated a share repurchase plan on Monday, October 27th that permits the company to repurchase $1.20 billion in shares. This repurchase authorization permits the financial services provider to repurchase up to 11.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at First Horizon

In other news, CAO Jeff L. Fleming sold 7,619 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $21.74, for a total transaction of $165,637.06. Following the transaction, the chief accounting officer directly owned 128,626 shares in the company, valued at approximately $2,796,329.24. This trade represents a 5.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP David T. Popwell sold 155,149 shares of First Horizon stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $21.31, for a total transaction of $3,306,225.19. Following the completion of the transaction, the executive vice president directly owned 307,432 shares in the company, valued at $6,551,375.92. The trade was a 33.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FHN. Goldman Sachs Group Inc. increased its position in First Horizon by 102.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,709,434 shares of the financial services provider’s stock worth $33,197,000 after purchasing an additional 865,109 shares during the period. Geneos Wealth Management Inc. boosted 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 valued at $35,000 after buying an additional 1,095 shares in the last quarter. Wedmont Private Capital grew its holdings in First Horizon by 8.0% during the second quarter. Wedmont Private Capital now owns 43,548 shares of the financial services provider’s stock worth $955,000 after acquiring an additional 3,244 shares during the period. Atticus Wealth Management LLC purchased a new position in First Horizon in the second quarter worth $98,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in First Horizon by 2.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 145,923 shares of the financial services provider’s stock valued at $3,212,000 after acquiring an additional 4,068 shares during the period. 80.28% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about First Horizon

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

• Positive Sentiment: Q4 earnings and revenue beat — FHN reported EPS of $0.528 vs. $0.46 expected and revenue of $892M vs. ~$864M est.; management said Q4 net income and adjusted NIAC rose year-over-year, supporting the earnings upside. Press Release
• Positive Sentiment: Loan growth and deposit discipline highlighted — analysts and company commentary pointed to accelerating loan growth and disciplined deposit management as the operational drivers behind the upside, which improve top-line momentum and net interest income outlook. Deep Dive
• Positive Sentiment: Management framed risks as manageable — earnings-call takeaways and slide deck emphasized credit performance, improved margins (ROE ~10.9%, net margin ~18.1%) and controllable risks, which reduces investor uncertainty around forward earnings. Earnings Call Transcript
• Neutral Sentiment: Analyst price-target tweak — Keefe, Bruyette & Woods raised its price target from $24 to $25 but kept a “market perform” rating, a modest endorsement that stops short of a buy-upgrade. This offers limited incremental catalytic lift. Benzinga
• Neutral Sentiment: Full-year results show improvement but mixed signal on liquidity/valuation — Full-year NIAC and adjusted NIAC improved materially (FY EPS ~ $1.87–1.89), supporting valuation (PE ~14.8, PEG ~0.85), though some balance-sheet ratios (current/quick ~0.95–0.96) warrant monitoring. MarketBeat
• Negative Sentiment: Analyst stance not overwhelmingly bullish — despite beats and operational progress, coverage remains conservative (market-perform across some shops) and the PT increase is modest, limiting the scope for a re-rating until trends (loan growth, margins) prove durable. TipRanks

About First Horizon

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.