Lecap Asset Management Ltd. Trims Holdings in First Horizon Corporation $FHN

20 Apr 2026, 05:56 by Amy Steele · The Cerbat Gem

Lecap Asset Management Ltd. trimmed its position in First Horizon Corporation (NYSE:FHN – Free Report) by 64.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,494 shares of the financial services provider’s stock after selling 37,910 shares during the quarter. Lecap Asset Management Ltd.’s holdings in First Horizon were worth $490,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FHN. Navigoe LLC purchased a new position in First Horizon during the third quarter valued at approximately $25,000. Atlantic Union Bankshares Corp purchased a new position in First Horizon during the third quarter valued at approximately $25,000. Root Financial Partners LLC purchased a new position in First Horizon during the third quarter valued at approximately $31,000. Kestra Investment Management LLC raised its position in First Horizon by 873.1% during the second quarter. Kestra Investment Management LLC now owns 1,625 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 1,458 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised 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 valued at $35,000 after acquiring an additional 1,095 shares in the last quarter. 80.28% of the stock is currently owned by hedge funds and other institutional investors.

First Horizon Stock Down 0.0%

Shares of FHN opened at $24.28 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.15. First Horizon Corporation has a 12 month low of $16.44 and a 12 month high of $26.56. The stock’s 50 day moving average is $23.54 and its two-hundred day moving average is $23.18. The firm has a market cap of $11.60 billion, a P/E ratio of 12.14, 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 EPS for the quarter, beating the consensus estimate of $0.49 by $0.04. First Horizon had a return on equity of 11.65% and a net margin of 20.54%.The company had revenue of $865.00 million for the quarter, compared to analyst estimates of $869.49 million. During the same period last year, the company earned $0.42 earnings per share. First Horizon’s quarterly revenue was up 6.2% compared to the same quarter last year. Analysts predict that First Horizon Corporation will post 1.67 earnings per share for the current fiscal year.

First Horizon Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th were paid a $0.17 dividend. This is a boost from First Horizon’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, March 13th. First Horizon’s dividend payout ratio is presently 34.00%.

Key Headlines Impacting First Horizon

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

Positive Sentiment: Jim Cramer highlighted FHN as “still a great bank to own” while rotating into regional banks, giving retail momentum and positive sentiment to the stock. Jim Cramer on First Horizon
Positive Sentiment: Keefe, Bruyette & Woods raised its price target to $26 and kept a Market Perform rating, which supports near-term upside expectations and helped buying interest. KBW Issues Positive Forecast for First Horizon
Positive Sentiment: Q1 results beat estimates: EPS $0.53 vs. $0.49 consensus, driven by higher net interest income and fee income; analysts note solid profitability and resilient credit metrics (loan growth, low CRE exposure) that support valuation. First Horizon Q1 Review
Neutral Sentiment: Brokerage consensus remains around a “Hold”/neutral stance (average rating: Hold), so while some shops lifted targets, broad analyst sentiment is not strongly bullish. Average Rating of Hold by Brokerages
Neutral Sentiment: DA Davidson reaffirmed a neutral rating and a $26 price target, echoing cautious optimism but not an upgrade to buy. DA Davidson Reaffirms Neutral
Neutral Sentiment: Corporate staffing update: First Horizon Bank announced hires and a promotion in the Acadiana market — operationally positive but unlikely to move the stock materially. First Horizon Bank Announces New Hires
Negative Sentiment: Some reports flagged rising expenses and slightly weaker capital ratios despite the revenue beat, which could cap multiple expansion until follow-through on cost control and capital metrics. Zacks: Q1 Earnings Beat but Rising Expenses

Wall Street Analyst Weigh In

FHN has been the subject of several recent research reports. Truist Financial set a $27.00 price target on First Horizon in a research report on Friday, January 9th. TD Cowen lifted their price target on First Horizon from $26.00 to $27.00 and gave the company a “hold” rating in a research report on Friday, January 16th. Raymond James Financial lifted their price target on First Horizon from $23.00 to $27.00 and gave the company an “outperform” rating in a research report on Wednesday, January 7th. Royal Bank Of Canada reiterated an “outperform” rating and set a $28.00 price target on shares of First Horizon in a research report on Monday, January 12th. Finally, Zacks Research cut First Horizon from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. Nine investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $26.45.

Read Our Latest Stock Report on First Horizon

Insider Activity

In other news, EVP Anthony J. Restel sold 5,719 shares of First Horizon stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $24.35, for a total value of $139,257.65. Following the sale, the executive vice president directly owned 619,132 shares of the company’s stock, valued at $15,075,864.20. The trade was a 0.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.91% of the stock is owned by corporate insiders.

First Horizon Profile

(Free Report)

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.