First Horizon National Corporation (NYSE:FHN) has earned an average rating of “Hold” from the eighteen brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment 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. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $20.43.

FHN has been the subject of several research reports. Hovde Group increased their target price on First Horizon National Corporation from $20.00 to $21.00 and gave the company a “market perform” rating in a research report on Monday, October 16th. BidaskClub upgraded First Horizon National Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Raymond James Financial, Inc. upgraded First Horizon National Corporation from a “market perform” rating to an “outperform” rating in a research report on Thursday, August 10th. Zacks Investment Research upgraded First Horizon National Corporation from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Monday, September 18th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $20.00 target price on shares of First Horizon National Corporation in a research report on Tuesday, October 3rd.

First Horizon National Corporation (FHN) opened at 19.16 on Friday. The company has a market capitalization of $4.49 billion, a PE ratio of 17.11 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 company has a 50 day moving average price of $18.43 and a 200-day moving average price of $17.83.

First Horizon National Corporation (NYSE:FHN) last released its quarterly earnings data on Friday, October 13th. The financial services provider reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02. The business had revenue of $337.00 million for the quarter, compared to analyst estimates of $340.48 million. First Horizon National Corporation had a return on equity of 9.40% and a net margin of 19.36%. During the same period last year, the firm posted $0.27 earnings per share. On average, analysts anticipate that First Horizon National Corporation will post $1.13 EPS for the current year.

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. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.88%. First Horizon National Corporation’s dividend payout ratio (DPR) is 32.14%.

In other news, CFO William C. Losch III sold 3,500 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 233,890 shares in the company, valued at $4,329,303.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO William C. Losch III sold 45,107 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $18.63, for a total value of $840,343.41. Following the transaction, the chief financial officer now owns 275,497 shares of the company’s stock, valued at $5,132,509.11. The disclosure for this sale can be found here. Insiders have sold 54,056 shares of company stock valued at $1,010,022 over the last 90 days. 2.09% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Virginia Retirement Systems ET AL raised its position in shares of First Horizon National Corporation by 15.2% during the second quarter. Virginia Retirement Systems ET AL now owns 105,600 shares of the financial services provider’s stock worth $1,840,000 after acquiring an additional 13,900 shares during the last quarter. CNA Financial Corp raised its position in shares of First Horizon National Corporation by 11.9% during the second quarter. CNA Financial Corp now owns 64,800 shares of the financial services provider’s stock worth $1,129,000 after acquiring an additional 6,900 shares during the last quarter. Sei Investments Co. raised its position in shares of First Horizon National Corporation by 4.6% during the second quarter. Sei Investments Co. now owns 63,199 shares of the financial services provider’s stock worth $1,101,000 after acquiring an additional 2,761 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of First Horizon National Corporation by 4.0% during the second quarter. JPMorgan Chase & Co. now owns 6,666,134 shares of the financial services provider’s stock worth $116,124,000 after acquiring an additional 258,298 shares during the last quarter. Finally, Icon Advisers Inc. Co. bought a new position in shares of First Horizon National Corporation during the second quarter worth about $620,000. Institutional investors own 85.07% of the company’s stock.

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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.

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

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