Wall Street analysts forecast that First Horizon National Corporation (NYSE:FHN) will report earnings of $0.31 per share for the current quarter, according to Zacks. Five analysts have issued estimates for First Horizon National Corporation’s earnings, with the highest EPS estimate coming in at $0.32 and the lowest estimate coming in at $0.29. First Horizon National Corporation posted earnings of $0.27 per share in the same quarter last year, which would suggest a positive year over year growth rate of 14.8%. The firm is scheduled to issue its next earnings report on Friday, October 13th.

According to Zacks, analysts expect that First Horizon National Corporation will report full year earnings of $1.12 per share for the current year, with EPS estimates ranging from $1.07 to $1.25. For the next financial year, analysts expect that the firm will post earnings of $1.30 per share, with EPS estimates ranging from $1.24 to $1.36. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for First Horizon National Corporation.

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

A number of research analysts recently issued reports on FHN shares. BidaskClub upgraded First Horizon National Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Raymond James Financial, Inc. upgraded First Horizon National Corporation from a “market perform” rating to an “outperform” rating in a research report on Thursday, August 10th. ValuEngine upgraded First Horizon National Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Royal Bank Of Canada reiterated a “hold” rating and set a $20.00 price target on shares of First Horizon National Corporation in a research report on Friday, July 7th. Finally, J P Morgan Chase & Co reiterated a “buy” rating and set a $20.00 price target on shares of First Horizon National Corporation in a research report on Wednesday. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. First Horizon National Corporation currently has an average rating of “Hold” and a consensus price target of $19.63.

Several institutional investors have recently made changes to their positions in the company. Neuberger Berman Group LLC lifted its holdings in shares of First Horizon National Corporation by 0.8% in the second quarter. Neuberger Berman Group LLC now owns 13,800 shares of the financial services provider’s stock valued at $240,000 after buying an additional 110 shares during the period. United Capital Financial Advisers LLC lifted its holdings in shares of First Horizon National Corporation by 1.3% in the first quarter. United Capital Financial Advisers LLC now owns 11,885 shares of the financial services provider’s stock valued at $220,000 after buying an additional 157 shares during the period. World Asset Management Inc lifted its holdings in shares of First Horizon National Corporation by 1.8% in the first quarter. World Asset Management Inc now owns 14,468 shares of the financial services provider’s stock valued at $268,000 after buying an additional 262 shares during the period. Teacher Retirement System of Texas lifted its holdings in shares of First Horizon National Corporation by 1.5% in the first quarter. Teacher Retirement System of Texas now owns 18,435 shares of the financial services provider’s stock valued at $341,000 after buying an additional 269 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of First Horizon National Corporation by 2.4% in the second quarter. PNC Financial Services Group Inc. now owns 12,227 shares of the financial services provider’s stock valued at $214,000 after buying an additional 286 shares during the period. Institutional investors and hedge funds own 85.07% of the company’s stock.

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Shares of First Horizon National Corporation (NYSE:FHN) opened at 17.62 on Friday. First Horizon National Corporation has a one year low of $14.60 and a one year high of $20.84. The company has a 50-day moving average of $17.27 and a 200 day moving average of $17.86. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 15.87 and a beta of 1.04.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 8th will be issued a $0.09 dividend. The ex-dividend date is Thursday, September 7th. This represents a $0.36 annualized dividend and a dividend yield of 2.04%. First Horizon National Corporation’s dividend payout ratio (DPR) is 32.43%.

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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