FHN, US32051X1081

First Horizon stock gains institutional support as Bank of America builds $96.7 million stake

Published on 09/19/2026 at 19:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First Horizon stock drew attention on September 19, 2026, as Bank of America disclosed a $96.7 million stake and analysts kept a Hold consensus with a $27.33 price target. The shares recently traded near USD 24, backed by solid quarterly earnings and a 2.8% dividend yield.

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First Horizon Corporation stock (ISIN US32051X1081) is drawing renewed interest after Bank of America Corp DE disclosed a sizeable new position worth about USD 96.7 million, signaling fresh institutional support as of September 19, 2026.

Bank of America’s stake and analyst view

According to MarketBeat on September 19, 2026, Bank of America Corp DE acquired 3,772,959 First Horizon shares valued at approximately USD 96.74 million, representing about 0.8% of the company’s outstanding stock.

The same filing summary notes that institutional investors and hedge funds collectively own around 80.28% of First Horizon’s shares, underlining that the stock is largely held by professional investors rather than retail alone, a structure that can provide liquidity and stability during market swings.

Analyst sentiment toward First Horizon stock is described as mixed but balanced; as of the latest overview cited by MarketBeat, the consensus rating stands at Hold, with an average price target of USD 27.33 based on 22 analysts, nine of whom recommend buying the stock, 12 rating it a Hold and one assigning a Sell.

Recent earnings, dividend and valuation context

Per the same analyst summary from MarketBeat, First Horizon most recently reported quarterly earnings per share of USD 0.54, ahead of the consensus estimate of USD 0.52, meaning EPS came in USD 0.02 above expectations for that period.

In the same quarter, First Horizon generated revenue of USD 887 million, providing a solid top-line base for the regional banking group; while the snippet does not specify the exact year-on-year rate, the beat on EPS versus the analyst consensus highlights cost control and margin resilience in the current environment.

First Horizon also declared a quarterly dividend of USD 0.17 per share, which equates to USD 0.68 on an annualized basis and a yield of roughly 2.8% on the share price referenced in the analyst note, with a payout ratio cited at 32.54%, suggesting the dividend is covered by earnings and leaves room for reinvestment or future increases according to MarketBeat.

On the valuation side, First Horizon’s market capitalization is reported at about USD 11.38 billion based on a recent closing price and shares outstanding, placing the bank among the larger regionals; this figure is derived from data compiled by TotalMarketCap as of September 1, 2026.

The same overview indicates that First Horizon has approximately 473,777,158 shares outstanding and trades on a price-earnings ratio around 11.7, placing its valuation below many large-cap financials and underscoring that investors are paying just over eleven times current-year earnings for exposure to the bank according to TotalMarketCap.

Trading signals and recent price levels

From a technical and quantitative perspective, a recent signal summary from StockTradersDaily suggests that near-term sentiment on First Horizon stock is weak while long-term indicators remain strong, creating a potentially choppy trading backdrop for investors using shorter time horizons.

In its latest note dated September 19, 2026, StockTradersDaily outlines an exceptional stated 22.1:1 risk-reward setup in its model, targeting a 6.5% potential gain versus an estimated 0.3% risk if support holds and resistance is subsequently tested.

The same signal matrix lists a series of price checkpoints around the current level, with signals shown at USD 23.83, USD 23.94, USD 25.38 and USD 26.95, and highlights USD 23.94 in bold as the current price reference in its trading system, placing First Horizon stock modestly below the average analyst target of USD 27.33 mentioned earlier.

Across different horizons, the quantitative framework describes near-term (one to five days) sentiment as weak with support at USD 23.83 and resistance at USD 24.17, mid-term (five to twenty days) conditions as neutral with support at USD 23.93 and resistance at USD 24.63, and long-term (beyond twenty days) signals as strong targeting resistance levels of USD 25.38 and USD 26.95 following StockTradersDaily.

Stock price and investor takeaway

While different sources reference slightly varied spot levels depending on the timestamp, the recent technical overview from StockTradersDaily puts First Horizon stock around USD 23.94 on the New York Stock Exchange as of September 19, 2026, a level that sits below the USD 27.33 average analyst price target and leaves room for potential upside if earnings and credit quality remain supportive.