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

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

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

FHN has been the subject of several other reports. Robert W. Baird restated a “neutral” rating and issued a $16.00 price objective on shares of First Horizon in a report on Tuesday, August 6th. Evercore ISI reduced their target price on First Horizon from $19.50 to $18.50 and set an “outperform” rating on the stock in a report on Tuesday, September 17th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $18.00 target price on shares of First Horizon in a research note on Wednesday, July 17th. Jefferies Financial Group boosted their target price on shares of First Horizon from $17.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Finally, StockNews.com raised shares of First Horizon from a “sell” rating to a “hold” rating in a research note on Saturday, July 20th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $17.38.

First Horizon Trading Up 0.8 %

NYSE FHN opened at $15.51 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.95 and a current ratio of 0.95. First Horizon has a fifty-two week low of $10.08 and a fifty-two week high of $17.46. The stock has a market cap of $8.48 billion, a P/E ratio of 10.85, a price-to-earnings-growth ratio of 3.17 and a beta of 0.88. The stock has a 50 day simple moving average of $15.84 and a two-hundred day simple moving average of $15.47.

First Horizon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, September 13th. This represents a $0.60 dividend on an annualized basis and a yield of 3.87%. First Horizon’s dividend payout ratio (DPR) is 41.96%.

Institutional Trading of First Horizon

A number of hedge funds have recently bought and sold shares of FHN. Janney Montgomery Scott LLC lifted its position in First Horizon by 3.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 52,229 shares of the financial services provider’s stock valued at $740,000 after purchasing an additional 1,874 shares in the last quarter. Commerce Bank lifted its stake in shares of First Horizon by 13.3% during the 4th quarter. Commerce Bank now owns 16,699 shares of the financial services provider’s stock valued at $236,000 after buying an additional 1,966 shares in the last quarter. Orion Portfolio Solutions LLC bought a new position in First Horizon in the 4th quarter worth $555,000. United Services Automobile Association increased its stake in First Horizon by 9.7% in the 4th quarter. United Services Automobile Association now owns 40,936 shares of the financial services provider’s stock worth $580,000 after buying an additional 3,628 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in First Horizon by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 246,551 shares of the financial services provider’s stock valued at $3,491,000 after acquiring an additional 2,410 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 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.