Equities analysts expect First Horizon National Corporation (NYSE:FHN) to post earnings per share of $0.30 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for First Horizon National Corporation’s earnings. The highest EPS estimate is $0.32 and the lowest is $0.29. First Horizon National Corporation reported earnings per share of $0.27 in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.1%. The company is expected to announce its next earnings results before the market opens on Friday, October 13th.

On average, analysts expect that First Horizon National Corporation will report full-year earnings of $1.11 per share for the current year, with EPS estimates ranging from $1.07 to $1.14. For the next year, analysts forecast that the company will report earnings of $1.30 per share, with EPS estimates ranging from $1.24 to $1.36. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that follow 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 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. First Horizon National Corporation had a return on equity of 9.10% and a net margin of 19.13%. The company had revenue of $328.37 million for the quarter, compared to the consensus estimate of $331.27 million. During the same quarter in the prior year, the business earned $0.24 EPS. First Horizon National Corporation’s revenue was up 2.0% on a year-over-year basis.

A number of brokerages have recently commented on FHN. UBS AG raised shares of First Horizon National Corporation from a “market perform” rating to an “outperform” rating in a report on Thursday, August 10th. Morgan Stanley reaffirmed an “equal weight” rating and set a $20.00 target price (up previously from $19.50) on shares of First Horizon National Corporation in a report on Wednesday. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $20.00 target price on shares of First Horizon National Corporation in a report on Tuesday. Raymond James Financial, Inc. raised shares of First Horizon National Corporation from a “market perform” rating to an “outperform” rating in a report on Thursday, August 10th. Finally, BidaskClub downgraded shares of First Horizon National Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. First Horizon National Corporation presently has an average rating of “Hold” and an average target price of $19.44.

In related news, CFO William C. Losch III sold 45,107 shares of the company’s stock in a transaction that occurred 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 directly owns 275,497 shares in the company, valued at approximately $5,132,509.11. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO William C. Losch III sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $18.51, for a total transaction of $64,785.00. Following the transaction, the chief financial officer now owns 233,890 shares of the company’s stock, valued at $4,329,303.90. The disclosure for this sale can be found here. 2.09% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in FHN. UBS Asset Management Americas Inc. increased its position in First Horizon National Corporation by 16.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 170,756 shares of the financial services provider’s stock valued at $3,159,000 after acquiring an additional 23,691 shares during the period. Sei Investments Co. increased its position in 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 valued at $1,119,000 after acquiring an additional 996 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in 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 valued at $406,000 after acquiring an additional 9,962 shares during the period. M&T Bank Corp increased its position in 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 valued at $301,000 after acquiring an additional 3,962 shares during the period. Finally, Prudential Financial Inc. increased its position in First Horizon National Corporation by 6.5% in the 1st quarter. Prudential Financial Inc. now owns 158,430 shares of the financial services provider’s stock valued at $2,931,000 after acquiring an additional 9,710 shares during the period. Hedge funds and other institutional investors own 85.05% of the company’s stock.

Shares of First Horizon National Corporation (NYSE:FHN) opened at 19.26 on Friday. The firm has a market capitalization of $4.51 billion, a PE ratio of 17.35 and a beta of 1.05. First Horizon National Corporation has a 12 month low of $14.60 and a 12 month high of $20.84. The company has a 50 day moving average price of $17.66 and a 200-day moving average price of $17.75.

The company also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 8th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Thursday, September 7th. First Horizon National Corporation’s 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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