First Horizon Corporation (NYSE:FHN) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Consensus "Hold": Twenty analysts cover First Horizon with an average rating of Hold (12 hold, 8 buy) and an average 12‑month price target of $26.45, suggesting limited near‑term upside from the current share price (~$24).
• Mixed Q1 results: First Horizon beat EPS expectations with $0.53 vs. $0.49 and reported $257M net income, but revenue slightly missed estimates and management flagged rising expenses and capital/coverage targets, leaving a cautious outlook.
• Income return raised: The company boosted its quarterly dividend to $0.17 ($0.68 annualized) for a yield of about 2.8%, while valuation metrics show a P/E around 12 and a 52‑week range of $16.44–$26.56.

First Horizon Corporation (NYSE:FHN - Get Free Report) has been assigned an average rating of "Hold" from the twenty research firms that are covering the company, MarketBeat.com reports. Twelve equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $26.4474.

A number of analysts have recently commented on the company. Royal Bank Of Canada reiterated an "outperform" rating and set a $28.00 target price on shares of First Horizon in a research report on Monday, January 12th. National Bank Financial set a $27.00 target price on First Horizon in a research report on Friday, January 16th. DA Davidson restated a "neutral" rating and set a $26.00 price target on shares of First Horizon in a research note on Thursday. Stephens raised their price objective on shares of First Horizon from $28.00 to $29.00 and gave the stock an "overweight" rating in a research report on Friday, January 16th. Finally, Weiss Ratings lowered First Horizon from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, March 17th.

First Horizon Price Performance

FHN stock opened at $23.98 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.15. First Horizon has a fifty-two week low of $16.44 and a fifty-two week high of $26.56. The business has a 50 day moving average price of $23.58 and a 200 day moving average price of $23.16. The stock has a market cap of $11.45 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 0.95 and a beta of 0.62.

First Horizon (NYSE:FHN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.04. First Horizon had a net margin of 20.54% and a return on equity of 11.65%. The business had revenue of $865.00 million during the quarter, compared to the consensus estimate of $869.49 million. During the same quarter in the previous year, the firm earned $0.42 EPS. The company's revenue was up 6.2% compared to the same quarter last year. Equities research analysts anticipate that First Horizon will post 1.67 earnings per share for the current fiscal year.

First Horizon Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.8%. This is a boost from First Horizon's previous quarterly dividend of $0.15. The ex-dividend date was Friday, March 13th. First Horizon's dividend payout ratio (DPR) is currently 36.17%.

Key First Horizon News

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

• Positive Sentiment: Q1 profit beat and strong net income — First Horizon reported Q1 net income of $257M and EPS of $0.53, up year-over-year, beating consensus and driving improved profitability metrics. Read More.
• Positive Sentiment: NII and fee income supported results — Higher net interest income and fee income helped FHN beat EPS expectations, underpinning near-term earnings resilience. Read More.
• Positive Sentiment: Credit quality and capital actions look constructive — Management highlighted resilient credit quality, stable non-interest-bearing deposits and active capital returns (including share repurchases), which reduce downside risk. Read More.
• Neutral Sentiment: Analyst price-target moves remain cautious — Keefe, Bruyette & Woods raised its target to $26 (market perform); DA Davidson reaffirmed a neutral rating with a $26 target — signals limited near-term upside from analysts. Read More. • Read More.
• Neutral Sentiment: Full earnings detail and slides available — The earnings call transcript and presentation provide color on revenue drivers, expense dynamics and the capital plan for 2026; useful for investors reviewing guidance and CET1 targets. Read More.
• Negative Sentiment: Revenue slightly missed and expenses rising — Total revenue missed Street estimates and management flagged higher expenses; analysts note these trends and somewhat weaker capital ratios temper the EPS beat. Read More.
• Negative Sentiment: Cautionary commentary — Several write-ups call the quarter a decent start but stress that follow-through on revenue growth, expense control and capital targets (CET1 goal ~10.5%) will be key for sustained share gains. Read More.

Insider Buying and Selling at First Horizon

In related news, EVP Anthony J. Restel sold 5,719 shares of the stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $24.35, for a total transaction of $139,257.65. Following the completion of the sale, the executive vice president directly owned 619,132 shares of the company's stock, valued at $15,075,864.20. This trade represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.91% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On First Horizon

Institutional investors have recently added to or reduced their stakes in the business. Navigoe LLC acquired a new position in First Horizon during the third quarter worth $25,000. Atlantic Union Bankshares Corp acquired a new position in shares of First Horizon during the 3rd quarter worth $25,000. Root Financial Partners LLC purchased a new position in shares of First Horizon in the 3rd quarter valued at about $31,000. Kestra Investment Management LLC lifted its stake in shares of First Horizon by 873.1% in the second quarter. Kestra Investment Management LLC now owns 1,625 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 1,458 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in First Horizon by 156.7% during the first quarter. Geneos Wealth Management Inc. now owns 1,794 shares of the financial services provider's stock worth $35,000 after buying an additional 1,095 shares during the period. Hedge funds and other institutional investors own 80.28% of the company's stock.

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.

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