First Horizon National Corporation (NYSE:FHN) Director R Brad Martin sold 5,449 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $19.25, for a total transaction of $104,893.25. Following the transaction, the director now owns 482,188 shares in the company, valued at approximately $9,282,119. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

First Horizon National Corporation (NYSE FHN) traded down 1.40% during trading on Monday, reaching $19.02. 1,602,948 shares of the company were exchanged. The firm has a market cap of $4.46 billion, a price-to-earnings ratio of 16.98 and a beta of 1.05. First Horizon National Corporation has a 52-week low of $14.92 and a 52-week high of $20.84. The firm has a 50-day moving average of $18.29 and a 200-day moving average of $17.81.

First Horizon National Corporation (NYSE:FHN) last issued its earnings results on Friday, October 13th. The financial services provider reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.02. First Horizon National Corporation had a net margin of 19.36% and a return on equity of 9.40%. The firm had revenue of $337.00 million during the quarter, compared to the consensus estimate of $340.48 million. During the same quarter in the prior year, the firm earned $0.27 earnings per share. On average, equities analysts forecast that First Horizon National Corporation will post $1.13 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 8th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.89%. The ex-dividend date was Thursday, September 7th. First Horizon National Corporation’s payout ratio is presently 32.14%.

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A number of large investors have recently modified their holdings of FHN. UBS Asset Management Americas Inc. increased its stake in First Horizon National Corporation by 16.1% in the first quarter. UBS Asset Management Americas Inc. now owns 170,756 shares of the financial services provider’s stock valued at $3,159,000 after purchasing an additional 23,691 shares in the last quarter. Prudential Financial Inc. increased its stake in First Horizon National Corporation by 6.5% in the first quarter. Prudential Financial Inc. now owns 158,430 shares of the financial services provider’s stock valued at $2,931,000 after purchasing an additional 9,710 shares in the last quarter. Teachers Advisors LLC increased its stake in First Horizon National Corporation by 8.7% in the first quarter. Teachers Advisors LLC now owns 242,964 shares of the financial services provider’s stock valued at $4,495,000 after purchasing an additional 19,401 shares in the last quarter. Legal & General Group Plc increased its stake in First Horizon National Corporation by 59.9% in the first quarter. Legal & General Group Plc now owns 223,614 shares of the financial services provider’s stock valued at $4,138,000 after purchasing an additional 83,801 shares in the last quarter. Finally, Thrivent Financial For Lutherans increased its stake in First Horizon National Corporation by 9.8% in the first quarter. Thrivent Financial For Lutherans now owns 43,810 shares of the financial services provider’s stock valued at $810,000 after purchasing an additional 3,910 shares in the last quarter. 85.05% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently commented on the stock. Hovde Group raised their price objective on shares of First Horizon National Corporation from $20.00 to $21.00 and gave the company a “market perform” rating in a research note on Monday, October 16th. UBS AG upgraded shares of First Horizon National Corporation from a “market perform” rating to an “outperform” rating in a research note on Thursday, August 10th. Raymond James Financial, Inc. upgraded shares of First Horizon National Corporation from a “market perform” rating to an “outperform” rating in a research note on Thursday, August 10th. BidaskClub lowered shares of First Horizon National Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $20.00 price objective on shares of First Horizon National Corporation in a research note on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $20.22.

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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