First Horizon National Corporation (NYSE:FHN)‘s stock had its “equal weight” rating restated by investment analysts at Morgan Stanley in a note issued to investors on Wednesday. They presently have a $20.00 target price on the financial services provider’s stock, up from their previous target price of $19.50. Morgan Stanley’s price objective would suggest a potential upside of 4.82% from the company’s previous close.

Several other equities analysts have also issued reports on the company. Royal Bank Of Canada reaffirmed a “hold” rating and set a $20.00 price objective on shares of First Horizon National Corporation in a report on Friday, July 7th. BidaskClub raised First Horizon National Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. ValuEngine downgraded First Horizon National Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. J P Morgan Chase & Co reissued a “buy” rating and issued a $20.00 target price on shares of First Horizon National Corporation in a research report on Wednesday, September 13th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $20.00 target price on shares of First Horizon National Corporation in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. First Horizon National Corporation has an average rating of “Hold” and an average target price of $19.44.

Shares of First Horizon National Corporation (FHN) traded down 0.47% during trading on Wednesday, reaching $19.08. The company had a trading volume of 2,927,972 shares. First Horizon National Corporation has a 1-year low of $14.60 and a 1-year high of $20.84. The firm has a 50-day moving average of $17.57 and a 200 day moving average of $17.73. The firm has a market capitalization of $4.47 billion, a PE ratio of 17.19 and a beta of 1.05.

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, beating the Zacks’ consensus estimate of $0.26 by $0.01. First Horizon National Corporation had a net margin of 19.13% and a return on equity of 9.10%. The firm had revenue of $328.37 million for the quarter, compared to the consensus estimate of $331.27 million. During the same period last year, the firm posted $0.24 EPS. The company’s revenue was up 2.0% on a year-over-year basis. Analysts expect that First Horizon National Corporation will post $1.10 earnings per share for the current year.

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In related news, CFO William C. Losch III sold 3,500 shares of First Horizon National Corporation stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $18.51, for a total value of $64,785.00. Following the transaction, the chief financial officer now directly owns 233,890 shares in the company, valued at approximately $4,329,303.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO William C. Losch III sold 45,107 shares of First Horizon National Corporation stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $18.63, for a total transaction of $840,343.41. Following the completion of the transaction, the chief financial officer now owns 275,497 shares in the company, valued at $5,132,509.11. The disclosure for this sale can be found here. 2.09% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in FHN. UBS Asset Management Americas Inc. raised its position in First Horizon National Corporation by 16.1% during the 1st quarter. UBS Asset Management Americas Inc. now owns 170,756 shares of the financial services provider’s stock worth $3,159,000 after buying an additional 23,691 shares during the last quarter. Sei Investments Co. lifted its stake in shares of First Horizon National Corporation by 1.7% in the 1st quarter. Sei Investments Co. now owns 60,438 shares of the financial services provider’s stock worth $1,119,000 after acquiring an additional 996 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in shares of First Horizon National Corporation by 83.1% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 21,947 shares of the financial services provider’s stock worth $406,000 after acquiring an additional 9,962 shares during the period. Nordea Investment Management AB acquired a new stake in shares of First Horizon National Corporation in the 1st quarter worth $1,454,000. Finally, M&T Bank Corp lifted its stake in shares of First Horizon National Corporation by 32.2% in the 1st quarter. M&T Bank Corp now owns 16,270 shares of the financial services provider’s stock worth $301,000 after acquiring an additional 3,962 shares during the period. 85.05% of the stock is currently owned by institutional investors.

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.

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

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