First Horizon National Corporation (NYSE:FHN) released its earnings results on Friday. The financial services provider reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.02, RTT News reports. First Horizon National Corporation had a return on equity of 9.10% and a net margin of 19.13%. During the same quarter in the previous year, the firm earned $0.27 earnings per share.

First Horizon National Corporation (NYSE:FHN) opened at 18.81 on Friday. The company has a market capitalization of $4.40 billion, a PE ratio of 16.95 and a beta of 1.05. First Horizon National Corporation has a 52 week low of $14.60 and a 52 week high of $20.84. The stock has a 50 day moving average price of $17.97 and a 200-day moving average price of $17.78.

The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 8th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date was Thursday, September 7th. First Horizon National Corporation’s payout ratio is 32.43%.

Several equities research analysts have weighed in on the company. J P Morgan Chase & Co restated a “buy” rating and set a $20.00 target price on shares of First Horizon National Corporation in a research note on Wednesday, September 13th. ValuEngine cut First Horizon National Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub upgraded First Horizon National Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. Royal Bank Of Canada reiterated a “hold” rating and issued a $20.00 price target on shares of First Horizon National Corporation in a research note on Friday, July 7th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $19.50 price target on shares of First Horizon National Corporation in a research note on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.44.

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In other First Horizon National Corporation news, CFO William C. Losch III sold 45,107 shares of the business’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $18.63, for a total value of $840,343.41. Following the completion of the sale, the chief financial officer now directly owns 275,497 shares of the company’s stock, valued at $5,132,509.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO William C. Losch III sold 3,500 shares of the business’s stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 233,890 shares of the company’s stock, valued at $4,329,303.90. The disclosure for this sale can be found here. Insiders own 2.09% of the company’s stock.

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.

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

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