Fifth Third Bancorp Boosts Position in First Horizon Corporation $FHN

Fifth Third Bancorp boosted its position in shares of First Horizon Corporation (NYSE:FHN) by 1,563.5% in the 1st quarter, Holdings Channel.com reports. The fund owned 212,052 shares of the financial services provider’s stock after purchasing an additional 199,305 shares during the period. Fifth Third Bancorp’s holdings in First Horizon were worth $4,826,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FHN. Kestra Investment Management LLC increased its position in shares of First Horizon by 873.1% in the second quarter. Kestra Investment Management LLC now owns 1,625 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 1,458 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in First Horizon by 156.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,794 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 1,095 shares during the period. Cary Street Partners Investment Advisory LLC raised its holdings in First Horizon by 1,348.2% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 2,013 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 1,874 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of First Horizon during the 4th quarter worth approximately $51,000. Finally, Triumph Capital Management purchased a new position in First Horizon during the third quarter valued at $77,000. Institutional investors own 80.28% of the company’s stock.

First Horizon Price Performance

NYSE:FHN opened at $25.79 on Friday. First Horizon Corporation has a 1 year low of $19.80 and a 1 year high of $26.56. The firm has a market capitalization of $12.24 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 0.99 and a beta of 0.60. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.97 and a quick ratio of 0.96. The business has a 50 day simple moving average of $24.76 and a 200-day simple moving average of $24.27.

First Horizon (NYSE:FHN) last posted its quarterly earnings data on Wednesday, July 15th. The financial services provider reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. First Horizon had a net margin of 21.12% and a return on equity of 12.06%. The company had revenue of $890.00 million for the quarter, compared to analyst estimates of $878.42 million. During the same period in the prior year, the company posted $0.45 EPS. Equities analysts forecast that First Horizon Corporation will post 2.16 EPS for the current year.

First Horizon Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, June 12th. First Horizon’s dividend payout ratio is presently 34.00%.

Analysts Set New Price Targets

FHN has been the subject of a number of analyst reports. National Bank Financial set a $29.00 price objective on First Horizon in a research report on Thursday. Raymond James Financial upped their price target on shares of First Horizon from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Autonomous Res downgraded shares of First Horizon from a “strong-buy” rating to a “strong sell” rating in a report on Wednesday, April 29th. Wall Street Zen downgraded First Horizon from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Finally, Weiss Ratings raised First Horizon from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, June 8th. Nine investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $27.16.

First Horizon News Roundup

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

• Positive Sentiment: Analysts and market commentary highlighted First Horizon’s Q2 earnings beat, stronger net interest income, fee income, and loan/balance growth, reinforcing the view that the stock may be undervalued after the quarter. First Horizon (FHN) Stock May Be 45% Undervalued After Q2 Earnings Beat
• Positive Sentiment: First Horizon said its banking results are showing improvement, which supports the bullish narrative around earnings momentum and operating performance. First Horizon (NYSE:FHN) Banking Results Show Improvement
• Positive Sentiment: Another earnings-focused article said the Q2 beat is bringing First Horizon’s undervalued-stock thesis into sharper focus, adding to investor optimism. First Horizon (FHN) Q2 Earnings Beat Brings Its Undervalued Narrative Into Focus
• Neutral Sentiment: First Horizon announced the 10th anniversary of its Music, Sports and Entertainment Group, which is positive for branding but likely not a major near-term stock driver. A Decade of Client-first Service in Music, Sports and Entertainment at First Horizon Bank
• Neutral Sentiment: The bank also announced a leadership-related community appointment, which is supportive of local relationships but unlikely to materially affect shares. First Horizon Bank and United Way of Southeast Louisiana Announce Meghan Donelon is Appointed Executive Committee Board Chair
• Neutral Sentiment: Catherine Wood was promoted to head of commercial banking strategy, a management update that could help execution but is not a major immediate catalyst. Catherine Wood Promoted to Head of Commercial Banking Strategy for First Horizon Bank
• Negative Sentiment: JPMorgan lowered its price target on FHN to $27 from $28.50 and kept a neutral rating, suggesting limited upside despite the earnings beat. First Horizon price target lowered by JPMorgan Chase & Co.
• Negative Sentiment: One report noted that shares fell after the earnings release because expenses rose and capital ratios weakened, raising some caution around the quality of the quarter. FHN Shares Fall Despite Q2 Earnings Beat on Higher NII & Fee Income
• Neutral Sentiment: First Horizon also posted better-than-expected Q2 sales, adding to the overall earnings beat narrative. First Horizon (NYSE:FHN) Posts Better-Than-Expected Sales In Q2 CY2026

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.