Wall Street brokerages expect First Horizon National Corporation (NYSE:FHN) to report sales of $340.92 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for First Horizon National Corporation’s earnings, with the lowest sales estimate coming in at $335.10 million and the highest estimate coming in at $344.40 million. First Horizon National Corporation posted sales of $333.74 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.2%. The firm is expected to issue its next earnings results on Friday, October 13th.

According to Zacks, analysts expect that First Horizon National Corporation will report full-year sales of $340.92 million for the current fiscal year, with estimates ranging from $1.39 billion to $1.41 billion. For the next year, analysts forecast that the business will post sales of $1.83 billion per share, with estimates ranging from $1.79 billion to $1.86 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for First Horizon National Corporation.

First Horizon National Corporation (NYSE:FHN) last posted its earnings results on Friday, July 14th. The financial services provider reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The company had revenue of $328.37 million during the quarter, compared to the consensus estimate of $331.27 million. First Horizon National Corporation had a net margin of 19.13% and a return on equity of 9.10%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.24 earnings per share.

FHN has been the subject of several research reports. Deutsche Bank AG reaffirmed a “hold” rating on shares of First Horizon National Corporation in a research note on Monday, July 3rd. Stephens reaffirmed a “hold” rating on shares of First Horizon National Corporation in a research note on Thursday, May 4th. Hovde Group decreased their price target on shares of First Horizon National Corporation from $21.50 to $20.00 and set a “market perform” rating for the company in a research note on Monday, April 17th. ValuEngine raised shares of First Horizon National Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $21.00 price target on shares of First Horizon National Corporation in a research note on Monday, June 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.57.

In related news, Director Vicki R. Palmer sold 5,211 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $17.65, for a total value of $91,974.15. Following the completion of the transaction, the director now directly owns 57,818 shares of the company’s stock, valued at $1,020,487.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.09% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC boosted its position in First Horizon National Corporation by 4.9% in the fourth quarter. Teachers Advisors LLC now owns 223,563 shares of the financial services provider’s stock worth $4,473,000 after buying an additional 10,376 shares during the period. Bank of Montreal Can boosted its position in First Horizon National Corporation by 93.3% in the first quarter. Bank of Montreal Can now owns 114,938 shares of the financial services provider’s stock worth $2,127,000 after buying an additional 55,470 shares during the period. Louisiana State Employees Retirement System boosted its position in First Horizon National Corporation by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 59,000 shares of the financial services provider’s stock worth $1,092,000 after buying an additional 1,300 shares during the period. Patten & Patten Inc. TN boosted its position in First Horizon National Corporation by 91.8% in the first quarter. Patten & Patten Inc. TN now owns 25,692 shares of the financial services provider’s stock worth $475,000 after buying an additional 12,299 shares during the period. Finally, Oakbrook Investments LLC bought a new position in First Horizon National Corporation during the first quarter worth approximately $191,000. 85.83% of the stock is owned by hedge funds and other institutional investors.

Shares of First Horizon National Corporation (FHN) opened at 17.25 on Friday. The company has a market capitalization of $4.04 billion, a P/E ratio of 15.54 and a beta of 1.06. First Horizon National Corporation has a 52-week low of $14.60 and a 52-week high of $20.84. The firm has a 50-day moving average of $17.54 and a 200 day moving average of $18.36.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 8th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.36 annualized dividend and a dividend yield of 2.09%. First Horizon National Corporation’s dividend payout ratio is presently 32.43%.

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About First Horizon National Corporation

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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Earnings History and Estimates for First Horizon National Corporation (NYSE:FHN)

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