First Horizon (NYSE:FHN) Receives Neutral Rating from DA Davidson

DA Davidson restated their neutral rating on shares of First Horizon (NYSE:FHN) in a research report released on Thursday,Benzinga reports. They currently have a $26.00 price target on the financial services provider’s stock.

Several other analysts have also commented on the company. Barclays decreased their price objective on First Horizon from $30.00 to $29.00 and set an “overweight” rating for the company in a report on Tuesday, April 7th. UBS Group lowered First Horizon from a “buy” rating to a “neutral” rating and reduced their target price for the company from $29.00 to $25.00 in a research report on Tuesday, April 7th. National Bank Financial set a $27.00 price target on First Horizon in a research note on Friday, January 16th. JPMorgan Chase & Co. lowered their price target on First Horizon from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Wednesday, April 1st. Finally, The Goldman Sachs Group set a $27.00 price target on First Horizon and gave the stock a “neutral” rating in a research note on Tuesday, January 6th. Eight research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $26.45.

First Horizon Stock Performance

Shares of NYSE:FHN opened at $23.98 on Thursday. The company has a market capitalization of $11.45 billion, a price-to-earnings ratio of 11.99, a price-to-earnings-growth ratio of 0.95 and a beta of 0.62. First Horizon has a 52 week low of $16.44 and a 52 week high of $26.56. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.15. The firm has a 50 day moving average of $23.58 and a 200 day moving average of $23.16.

First Horizon (NYSE:FHN) last issued its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.04. The company had revenue of $865.00 million during the quarter, compared to the consensus estimate of $869.49 million. First Horizon had a net margin of 20.54% and a return on equity of 11.65%. First Horizon’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 earnings per share. On average, sell-side analysts predict that First Horizon will post 1.67 earnings per share for the current fiscal year.

First Horizon Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Friday, March 13th were paid a $0.17 dividend. This is a positive change from First Horizon’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, March 13th. This represents a $0.68 dividend on an annualized basis and a yield of 2.8%. First Horizon’s dividend payout ratio (DPR) is 36.17%.

Insider Activity

In related news, EVP Anthony J. Restel sold 5,719 shares of the firm’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $24.35, for a total transaction of $139,257.65. Following the completion of the transaction, the executive vice president owned 619,132 shares of the company’s stock, valued at $15,075,864.20. This trade represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.91% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of First Horizon by 313.2% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 62,164 shares of the financial services provider’s stock worth $1,406,000 after purchasing an additional 47,119 shares during the last quarter. First Horizon Corp purchased a new position in shares of First Horizon during the third quarter worth $2,361,000. Allianz Asset Management GmbH purchased a new position in shares of First Horizon during the third quarter worth $6,416,000. Voya Investment Management LLC raised its holdings in shares of 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 purchasing an additional 172,599 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of First Horizon during the third quarter worth $1,211,000. Hedge funds and other institutional investors own 80.28% of the company’s stock.

Trending Headlines about First Horizon

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

• Positive Sentiment: Q1 profit beat and strong net income — First Horizon reported Q1 net income of $257M and EPS of $0.53, up year-over-year, beating consensus and driving improved profitability metrics. Read More.
• Positive Sentiment: NII and fee income supported results — Higher net interest income and fee income helped FHN beat EPS expectations, underpinning near-term earnings resilience. Read More.
• Positive Sentiment: Credit quality and capital actions look constructive — Management highlighted resilient credit quality, stable non-interest-bearing deposits and active capital returns (including share repurchases), which reduce downside risk. Read More.
• Neutral Sentiment: Analyst price-target moves remain cautious — Keefe, Bruyette & Woods raised its target to $26 (market perform); DA Davidson reaffirmed a neutral rating with a $26 target — signals limited near-term upside from analysts. Read More. • Read More.
• Neutral Sentiment: Full earnings detail and slides available — The earnings call transcript and presentation provide color on revenue drivers, expense dynamics and the capital plan for 2026; useful for investors reviewing guidance and CET1 targets. Read More.
• Negative Sentiment: Revenue slightly missed and expenses rising — Total revenue missed Street estimates and management flagged higher expenses; analysts note these trends and somewhat weaker capital ratios temper the EPS beat. Read More.
• Negative Sentiment: Cautionary commentary — Several write-ups call the quarter a decent start but stress that follow-through on revenue growth, expense control and capital targets (CET1 goal ~10.5%) will be key for sustained share gains. Read More.

About First Horizon

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.