Wedbush Weighs in on First Horizon’s Q1 Earnings (NYSE:FHN)

First Horizon Co. (NYSE:FHN) – Research analysts at Wedbush boosted their Q1 2025 earnings estimates for shares of First Horizon in a research report issued on Wednesday, October 16th. Wedbush analyst D. Chiaverini now anticipates that the financial services provider will earn $0.36 per share for the quarter, up from their previous forecast of $0.35. 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. Wedbush also issued estimates for First Horizon’s Q2 2025 earnings at $0.36 EPS, Q3 2025 earnings at $0.38 EPS, Q4 2025 earnings at $0.39 EPS and FY2025 earnings at $1.50 EPS.

FHN has been the topic of a number of other reports. Royal Bank of Canada raised their price target on shares of First Horizon from $19.00 to $20.00 and gave the stock an “outperform” rating in a research report on Thursday. StockNews.com upgraded shares of First Horizon from a “sell” rating to a “hold” rating in a research report on Saturday, July 20th. Stephens boosted their price target on First Horizon from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Thursday. JPMorgan Chase & Co. lowered their price objective on First Horizon from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Finally, Jefferies Financial Group upped their target price on First Horizon from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.77.

First Horizon Stock Up 0.1 %

FHN opened at $17.45 on Monday. The stock has a fifty day moving average of $15.88 and a 200-day moving average of $15.58. The company has a market capitalization of $9.54 billion, a P/E ratio of 12.20, a P/E/G ratio of 1.27 and a beta of 0.88. First Horizon has a fifty-two week low of $10.16 and a fifty-two week high of $17.68. 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 (NYSE:FHN) last released its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. First Horizon had a return on equity of 8.84% and a net margin of 14.03%. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $821.63 million. During the same period last year, the firm posted $0.27 EPS.

First Horizon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.44%. First Horizon’s dividend payout ratio (DPR) is currently 41.96%.

Institutional Investors Weigh In On First Horizon

A number of hedge funds have recently made changes to their positions in FHN. DMC Group LLC boosted its position in First Horizon by 48.4% in the third quarter. DMC Group LLC now owns 25,174 shares of the financial services provider’s stock valued at $391,000 after buying an additional 8,209 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of First Horizon by 76.7% in the 3rd quarter. Blue Trust Inc. now owns 21,940 shares of the financial services provider’s stock valued at $346,000 after acquiring an additional 9,522 shares during the last quarter. KMG Fiduciary Partners LLC boosted its holdings in shares of First Horizon by 0.6% during the 3rd quarter. KMG Fiduciary Partners LLC now owns 150,201 shares of the financial services provider’s stock valued at $2,333,000 after acquiring an additional 952 shares in the last quarter. nVerses Capital LLC bought a new stake in First Horizon during the 3rd quarter worth $554,000. Finally, Exchange Traded Concepts LLC acquired a new position in First Horizon in the 3rd quarter worth about $1,730,000. 80.28% of the stock is currently owned by institutional investors and hedge funds.

About First Horizon

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.