JPMorgan Chase & Co. Cuts First Horizon (NYSE:FHN) Price Target to $27.00

First Horizon (NYSE:FHN) had its price target reduced by JPMorgan Chase & Co. from $28.50 to $27.00 in a research report sent to investors on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the financial services provider’s stock.

FHN has been the topic of several other research reports. Fundamental Research set a $28.50 target price on shares of First Horizon in a report on Wednesday, July 1st. Evercore set a $27.00 target price on First Horizon in a research report on Monday, July 6th. Wall Street Zen downgraded First Horizon from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. Zacks Research cut First Horizon from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th. Finally, Truist Financial lifted their price target on First Horizon from $26.00 to $27.00 and gave the company a “hold” rating in a research note on Friday, July 10th. Nine investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $27.16.

First Horizon Price Performance

First Horizon stock opened at $25.79 on Thursday. 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 has a 12 month low of $19.80 and a 12 month high of $26.56. The stock has a market capitalization of $12.24 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 1.00 and a beta of 0.60.

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, beating analysts’ consensus estimates of $0.52 by $0.02. The firm had revenue of $890.00 million for the quarter, compared to analyst estimates of $878.42 million. First Horizon had a net margin of 21.12% and a return on equity of 12.06%. During the same period last year, the firm posted $0.45 EPS. Equities analysts predict that First Horizon will post 2.16 earnings per share for the current year.

First Horizon Announces Dividend

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

Institutional Investors Weigh In On First Horizon

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Lexington Hill Partners LLC purchased a new position in First Horizon in the 2nd quarter valued at approximately $1,063,000. FNY Investment Advisers LLC boosted its position in First Horizon by 101.4% during the second quarter. FNY Investment Advisers LLC now owns 5,096 shares of the financial services provider’s stock worth $130,000 after purchasing an additional 2,566 shares in the last quarter. 55 North Private Wealth LLC purchased a new stake in First Horizon during the second quarter worth $246,000. Dynamic Advisor Solutions LLC acquired a new stake in First Horizon in the second quarter valued at $234,000. Finally, GAMMA Investing LLC grew its holdings in First Horizon by 6.0% in the second quarter. GAMMA Investing LLC now owns 19,703 shares of the financial services provider’s stock valued at $505,000 after purchasing an additional 1,118 shares during the last quarter. 80.28% of the stock is currently owned by institutional investors and hedge funds.

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.