First Horizon Corporation (NYSE:FHN) Sees Significant Decrease in Short Interest

First Horizon Corporation (NYSE:FHN) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 9,071,624 shares, a drop of 40.1% from the December 15th total of 15,155,429 shares. Approximately 1.9% of the company’s stock are sold short. Based on an average trading volume of 5,240,291 shares, the days-to-cover ratio is currently 1.7 days. Based on an average trading volume of 5,240,291 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.9% of the company’s stock are sold short.

Key First Horizon News

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

• Positive Sentiment: Q4 earnings beat — FHN reported EPS of $0.528 vs. $0.46 expected and revenue of $892M vs. $863.9M; management cited Y/Y NII growth and higher non‑interest income as drivers. This quarter’s results and commentary support near‑term earnings momentum. Zacks: First Horizon Shares Gain as Q4 Earnings Beat
• Positive Sentiment: Analyst price‑target lifts — Multiple firms raised PTs after the print (TD Cowen to $27, DA Davidson to $27, Keefe Bruyette & Woods to $25), reflecting increased confidence in earnings and implying upside versus the current price. These revisions can support buying interest. Benzinga: Analyst PT Raises The Fly: DA Davidson PT Raise
• Positive Sentiment: Full‑year results and outlook — First Horizon reported FY‑2025 net income available to common shareholders up ~29% and adjusted NIAC growth, and management indicated loan growth and deposit discipline will sustain performance. Investors often view improving core profitability and credit trends favorably. PR Newswire: Full‑Year 2025 Results
• Neutral Sentiment: Earnings call / transcripts provide color — Call transcripts and analyst writeups highlight loan growth acceleration and manageable risks; these details will matter to investors modeling forward margins and credit. InsiderMonkey: Q4 Earnings Call Transcript
• Negative Sentiment: Market reaction and volume — Despite the beat and PT raises, the stock is trading lower on higher volume, suggesting some profit‑taking or that investors are already pricing in the upside; keep an eye on next‑day flows and whether buybacks/dividend commentary arrives to sustain the move. No external link

First Horizon Stock Performance

NYSE:FHN traded down $0.34 during trading hours on Friday, reaching $24.10. The company had a trading volume of 11,606,210 shares, compared to its average volume of 5,195,240. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.96 and a quick ratio of 0.95. First Horizon has a 1-year low of $15.19 and a 1-year high of $24.91. The business’s 50 day moving average price is $23.22 and its 200-day moving average price is $22.45. The firm has a market cap of $11.87 billion, a PE ratio of 12.82, a price-to-earnings-growth ratio of 0.86 and a beta of 0.61.

First Horizon (NYSE:FHN) last posted its earnings results on Thursday, January 15th. The financial services provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.06. First Horizon had a net margin of 19.67% and a return on equity of 11.21%. The firm had revenue of $892.00 million during the quarter, compared to analyst estimates of $863.87 million. During the same period in the previous year, the firm earned $0.43 EPS. Research analysts forecast that First Horizon will post 1.67 EPS for the current year.

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

First Horizon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Friday, December 12th were given a dividend of $0.15 per share. The ex-dividend date was Friday, December 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.5%. First Horizon’s dividend payout ratio (DPR) is 31.91%.

Insider Transactions at First Horizon

In other news, CAO Jeff L. Fleming sold 7,619 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $21.74, for a total transaction of $165,637.06. Following the sale, the chief accounting officer owned 128,626 shares in the company, valued at approximately $2,796,329.24. The trade was a 5.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David T. Popwell sold 155,149 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $6,551,375.92. The trade was a 33.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.87% of the stock is currently owned by insiders.

Hedge Funds Weigh In On First Horizon

A number of hedge funds have recently bought and sold shares of the business. Voya Investment Management LLC lifted its position in First Horizon by 301.4% during the third quarter. Voya Investment Management LLC now owns 229,860 shares of the financial services provider’s stock worth $5,197,000 after buying an additional 172,599 shares in the last quarter. First Horizon Corp purchased a new stake in First Horizon in the 3rd quarter valued at $2,361,000. Apollon Wealth Management LLC increased its stake in shares of First Horizon by 70.9% in the 3rd quarter. Apollon Wealth Management LLC now owns 97,889 shares of the financial services provider’s stock worth $2,213,000 after acquiring an additional 40,604 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of First Horizon by 150.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 97,115 shares of the financial services provider’s stock worth $2,059,000 after acquiring an additional 58,273 shares during the period. Finally, Invesco Ltd. boosted its position in shares of First Horizon by 3.8% during the 2nd quarter. Invesco Ltd. now owns 7,010,939 shares of the financial services provider’s stock valued at $148,632,000 after acquiring an additional 255,429 shares during the last quarter. Hedge funds and other institutional investors own 80.28% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on FHN. Evercore ISI reissued an “in-line” rating and set a $20.00 price objective (down from $26.00) on shares of First Horizon in a report on Thursday, October 16th. UBS Group reissued a “buy” rating and issued a $28.00 price objective on shares of First Horizon in a report on Tuesday, January 6th. Baird R W downgraded First Horizon from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th. Cowen reiterated a “hold” rating on shares of First Horizon in a research report on Wednesday, January 7th. Finally, National Bankshares set a $27.00 price target on shares of First Horizon in a research report on Friday. Nine equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, First Horizon currently has an average rating of “Hold” and a consensus target price of $26.58.

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.