Wedbush Comments on First Horizon Co.’s FY2026 Earnings (NYSE:FHN)

First Horizon Co. (NYSE:FHN) – Investment analysts at Wedbush issued their FY2026 EPS estimates for First Horizon in a research note issued to investors on Tuesday, September 24th. Wedbush analyst D. Chiaverini forecasts that the financial services provider will earn $1.50 per share for the year. Wedbush has a “Neutral” rating and a $17.00 price target on the stock. The consensus estimate for First Horizon’s current full-year earnings is $1.46 per share.

Several other research analysts have also issued reports on the company. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $18.00 price target on shares of First Horizon in a research report on Wednesday, July 17th. Raymond James cut shares of First Horizon from a “strong-buy” rating to an “outperform” rating and set a $18.00 price objective on the stock. in a research report on Thursday, July 18th. Evercore ISI dropped their target price on First Horizon from $19.50 to $18.50 and set an “outperform” rating on the stock in a research report on Tuesday, September 17th. Jefferies Financial Group raised their price target on shares of First Horizon from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Finally, Royal Bank of Canada increased their target price on shares of First Horizon from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday, July 18th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $17.38.

First Horizon Stock Up 0.8 %

Shares of NYSE:FHN opened at $15.51 on Thursday. First Horizon has a 12 month low of $10.08 and a 12 month high of $17.46. The company’s 50-day moving average price is $15.84 and its two-hundred day moving average price is $15.47. The firm has a market cap of $8.48 billion, a P/E ratio of 10.85, a P/E/G ratio of 3.17 and a beta of 0.88. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.14.

First Horizon (NYSE:FHN) last announced its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $819.82 million. First Horizon had a net margin of 14.03% and a return on equity of 8.84%. During the same quarter in the prior year, the company posted $0.39 EPS.

First Horizon Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date is Friday, September 13th. First Horizon’s dividend payout ratio is currently 41.96%.

Hedge Funds Weigh In On First Horizon

A number of hedge funds have recently added to or reduced their stakes in the stock. Crestline Management LP raised its stake in shares of First Horizon by 100.8% during the 4th quarter. Crestline Management LP now owns 400,000 shares of the financial services provider’s stock worth $5,664,000 after purchasing an additional 200,846 shares during the period. Sei Investments Co. boosted its stake in First Horizon by 57.6% in the 1st quarter. Sei Investments Co. now owns 426,792 shares of the financial services provider’s stock worth $6,573,000 after purchasing an additional 155,982 shares during the period. LSV Asset Management grew its holdings in First Horizon by 49.8% during the 1st quarter. LSV Asset Management now owns 13,333,738 shares of the financial services provider’s stock valued at $205,340,000 after buying an additional 4,434,929 shares in the last quarter. Greenlight Capital Inc. increased its position in shares of First Horizon by 6.2% during the fourth quarter. Greenlight Capital Inc. now owns 1,377,090 shares of the financial services provider’s stock valued at $19,500,000 after buying an additional 80,070 shares during the period. Finally, Point72 Europe London LLP bought a new position in shares of First Horizon in the fourth quarter valued at approximately $6,785,000. Institutional investors and hedge funds own 80.28% of the company’s stock.

First Horizon Company Profile

First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. The company operates through Regional Banking and Specialty Banking segments. It offers general banking services for consumers, businesses, financial institutions, and governments.