Wall Street brokerages predict that First Horizon National Corporation (NYSE:FHN) will announce earnings of $0.28 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for First Horizon National Corporation’s earnings. The lowest EPS estimate is $0.21 and the highest is $0.32. First Horizon National Corporation posted earnings per share of $0.23 during the same quarter last year, which indicates a positive year-over-year growth rate of 21.7%. The business is scheduled to announce its next earnings report on Friday, January 12th.

On average, analysts expect that First Horizon National Corporation will report full-year earnings of $1.11 per share for the current fiscal year, with EPS estimates ranging from $1.06 to $1.14. For the next fiscal year, analysts forecast that the business will post earnings of $1.29 per share, with EPS estimates ranging from $1.21 to $1.35. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow First Horizon National Corporation.

First Horizon National Corporation (NYSE:FHN) last posted its quarterly earnings results on Friday, October 13th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.02. First Horizon National Corporation had a return on equity of 9.40% and a net margin of 19.36%. The business had revenue of $337.00 million for the quarter, compared to analyst estimates of $340.48 million. During the same period last year, the company earned $0.27 EPS.

Several brokerages recently weighed in on FHN. UBS AG raised 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. upped their price target on shares of First Horizon National Corporation from $20.00 to $22.00 and gave the company an “outperform” rating in a research report on Monday, October 16th. Morgan Stanley reaffirmed an “equal weight” rating and set a $20.00 price target (up previously from $19.50) on shares of First Horizon National Corporation in a research report on Wednesday, October 4th. Deutsche Bank AG reaffirmed a “hold” rating on shares of First Horizon National Corporation in a research report on Monday, July 3rd. Finally, Zacks Investment Research raised shares of First Horizon National Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company’s stock. First Horizon National Corporation presently has an average rating of “Hold” and a consensus target price of $20.22.

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In other news, CFO William C. Losch III sold 45,107 shares of the stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $18.63, for a total transaction of $840,343.41. Following the transaction, the chief financial officer now owns 275,497 shares of the company’s stock, valued at approximately $5,132,509.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director R Brad Martin sold 5,449 shares of the stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $19.25, for a total transaction of $104,893.25. Following the transaction, the director now directly owns 482,188 shares in the company, valued at approximately $9,282,119. The disclosure for this sale can be found here. Insiders have sold a total of 54,056 shares of company stock worth $1,010,022 in the last three months. Insiders own 2.09% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of First Horizon National Corporation by 5,232.8% during the 1st quarter. BlackRock Inc. now owns 21,381,745 shares of the financial services provider’s stock worth $395,561,000 after purchasing an additional 20,980,798 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of First Horizon National Corporation by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 19,672,261 shares of the financial services provider’s stock worth $342,691,000 after purchasing an additional 435,264 shares in the last quarter. State Street Corp boosted its position in shares of First Horizon National Corporation by 6.4% during the 2nd quarter. State Street Corp now owns 14,203,778 shares of the financial services provider’s stock worth $247,425,000 after purchasing an additional 850,609 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of First Horizon National Corporation by 4.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,666,134 shares of the financial services provider’s stock worth $116,124,000 after purchasing an additional 258,298 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of First Horizon National Corporation by 6.3% during the 2nd quarter. Franklin Resources Inc. now owns 5,884,000 shares of the financial services provider’s stock worth $102,499,000 after purchasing an additional 349,900 shares in the last quarter. 85.07% of the stock is currently owned by institutional investors.

First Horizon National Corporation (NYSE:FHN) traded up 1.16% on Tuesday, hitting $19.24. The stock had a trading volume of 2,717,607 shares. The company has a 50 day moving average of $18.36 and a 200 day moving average of $17.82. The company has a market capitalization of $4.51 billion, a PE ratio of 17.18 and a beta of 1.05. First Horizon National Corporation has a 12-month low of $14.92 and a 12-month high of $20.84.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, November 3rd will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.87%. First Horizon National Corporation’s dividend payout ratio (DPR) is presently 32.14%.

First Horizon National Corporation Company Profile

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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