Brokerages predict that First Horizon National Corp (NYSE:FHN) will announce $337.41 million in sales for the current quarter, according to Zacks. Five analysts have issued estimates for First Horizon National Corp’s earnings, with the highest sales estimate coming in at $345.4 million and the lowest estimate coming in at $326.05 million. First Horizon National Corp reported sales of $321.78 million in the same quarter last year, which indicates a positive year-over-year growth rate of 4.9%. The business is expected to announce its next quarterly earnings results on Friday, July 21st.

According to Zacks, analysts expect that First Horizon National Corp will report full year sales of $337.41 million for the current fiscal year, with estimates ranging from $1.41 billion to $1.47 billion. For the next fiscal year, analysts expect that the company will post sales of $1.91 billion per share, with estimates ranging from $1.89 billion to $1.93 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover First Horizon National Corp.

First Horizon National Corp (NYSE:FHN) last released its earnings results on Thursday, April 13th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. The company had revenue of $306.65 million for the quarter, compared to analyst estimates of $324.31 million. First Horizon National Corp had a return on equity of 8.73% and a net margin of 16.57%. First Horizon National Corp’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.20 EPS.

FHN has been the subject of several recent analyst reports. Zacks Investment Research cut First Horizon National Corp from a “buy” rating to a “hold” rating in a research report on Friday, March 24th. Vining Sparks upgraded First Horizon National Corp to an “outperform” rating in a research report on Tuesday, April 18th. JMP Securities initiated coverage on First Horizon National Corp in a research report on Thursday, February 2nd. They set a “market perform” rating for the company. Stephens restated a “hold” rating on shares of First Horizon National Corp in a research report on Monday, April 17th. Finally, Barclays PLC reduced their target price on First Horizon National Corp from $21.00 to $20.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 19th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. First Horizon National Corp presently has an average rating of “Hold” and an average price target of $18.93.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Credit Agricole S A increased its stake in shares of First Horizon National Corp by 6.0% in the fourth quarter. Credit Agricole S A now owns 58,976 shares of the financial services provider’s stock valued at $1,180,000 after buying an additional 3,313 shares in the last quarter. Comerica Bank increased its stake in shares of First Horizon National Corp by 0.6% in the fourth quarter. Comerica Bank now owns 337,427 shares of the financial services provider’s stock valued at $6,711,000 after buying an additional 2,037 shares in the last quarter. Janus Capital Management LLC increased its stake in shares of First Horizon National Corp by 58.7% in the fourth quarter. Janus Capital Management LLC now owns 116,300 shares of the financial services provider’s stock valued at $2,327,000 after buying an additional 43,000 shares in the last quarter. Frontier Capital Management Co. LLC increased its stake in shares of First Horizon National Corp by 7.1% in the fourth quarter. Frontier Capital Management Co. LLC now owns 4,571,230 shares of the financial services provider’s stock valued at $91,470,000 after buying an additional 303,799 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of First Horizon National Corp by 3.9% in the third quarter. Principal Financial Group Inc. now owns 911,890 shares of the financial services provider’s stock valued at $13,890,000 after buying an additional 34,596 shares in the last quarter. Hedge funds and other institutional investors own 81.70% of the company’s stock.

Shares of First Horizon National Corp (NYSE:FHN) opened at 17.90 on Wednesday. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 18.45 and a beta of 1.17. First Horizon National Corp has a 12-month low of $12.46 and a 12-month high of $20.84. The stock’s 50 day moving average price is $18.37 and its 200 day moving average price is $18.92.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Friday, June 9th will be issued a dividend of $0.09 per share. The ex-dividend date is Wednesday, June 7th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.99%. First Horizon National Corp’s dividend payout ratio (DPR) is 29.79%.

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About First Horizon National Corp

First Horizon National Corporation (FHN) is a bank holding company. The Company provides financial services through its subsidiary, First Tennessee Bank National Association (the Bank). The Company has four segments: regional banking, fixed income, corporate and non-strategic. The Company’s regional banking segment offers financial products and services, including traditional lending and deposit taking, to retail and commercial customers in Tennessee and other selected markets.

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