First Horizon National Corporation (NYSE:FHN) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

A number of other brokerages have also recently commented on FHN. Hovde Group lowered their target price on First Horizon National Corporation from $21.50 to $20.00 and set a “market perform” rating for the company in a report on Monday, April 17th. Zacks Investment Research upgraded First Horizon National Corporation from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Tuesday, March 21st. Barclays PLC lowered their target price on First Horizon National Corporation from $21.00 to $20.00 and set an “equal weight” rating for the company in a report on Wednesday, April 19th. BidaskClub upgraded First Horizon National Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday. Finally, Stephens restated a “hold” rating on shares of First Horizon National Corporation in a report on Thursday, May 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $18.93.

Analyst Recommendations for First Horizon National Corporation (NYSE:FHN)

Shares of First Horizon National Corporation (NYSE FHN) traded down 2.011% during mid-day trading on Tuesday, hitting $17.785. 4,022,567 shares of the stock were exchanged. The company has a 50-day moving average price of $17.79 and a 200-day moving average price of $19.07. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 18.335 and a beta of 1.04. First Horizon National Corporation has a 12 month low of $12.46 and a 12 month high of $20.84.

First Horizon National Corporation (NYSE:FHN) last released its quarterly earnings results on Thursday, April 13th. The financial services provider reported $0.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.23. The business had revenue of $306.65 million during the quarter, compared to analysts’ expectations of $324.31 million. First Horizon National Corporation had a return on equity of 8.89% and a net margin of 16.92%. The company’s revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.20 EPS. Equities analysts expect that First Horizon National Corporation will post $1.11 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Friday, June 9th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Wednesday, June 7th. First Horizon National Corporation’s dividend payout ratio is currently 37.11%.

TRADEMARK VIOLATION NOTICE: This news story was published by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this news story can be read at https://www.americanbankingnews.com/2017/06/13/first-horizon-national-corporation-fhn-raised-to-buy-at-valuengine.html.

A number of large investors have recently bought and sold shares of the stock. Neuburgh Advisers LLC raised its stake in First Horizon National Corporation by 16.1% in the first quarter. Neuburgh Advisers LLC now owns 7,392 shares of the financial services provider’s stock worth $137,000 after buying an additional 1,024 shares in the last quarter. Glen Harbor Capital Management LLC raised its stake in First Horizon National Corporation by 16.1% in the first quarter. Glen Harbor Capital Management LLC now owns 10,164 shares of the financial services provider’s stock worth $188,000 after buying an additional 1,408 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in First Horizon National Corporation during the first quarter worth about $189,000. Oakbrook Investments LLC bought a new stake in First Horizon National Corporation during the first quarter worth about $191,000. Finally, Greenwood Capital Associates LLC bought a new stake in First Horizon National Corporation during the first quarter worth about $192,000. 86.55% of the stock is currently owned by institutional investors.

First Horizon National Corporation Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for First Horizon National Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Horizon National Corporation and related companies with MarketBeat.com's FREE daily email newsletter.