First Horizon National (NYSE:FHN)‘s stock had its “equal weight” rating reiterated by equities researchers at Barclays in a research note issued on Monday, Marketbeat reports. They presently have a $21.00 target price on the financial services provider’s stock. Barclays’ price target would indicate a potential upside of 3.60% from the company’s current price.

FHN has been the topic of a number of other reports. Zacks Investment Research upgraded First Horizon National from a “sell” rating to a “hold” rating in a report on Monday, October 9th. Morgan Stanley reiterated an “equal weight” rating and set a $20.00 price target (up from $19.50) on shares of First Horizon National in a report on Wednesday, October 4th. Raymond James Financial upgraded First Horizon National from a “market perform” rating to an “outperform” rating in a report on Thursday, August 10th. UBS upgraded First Horizon National from an “outperform” rating to a “strong-buy” rating in a report on Wednesday, November 8th. Finally, BidaskClub upgraded First Horizon National from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. First Horizon National presently has an average rating of “Hold” and a consensus target price of $20.50.

Shares of First Horizon National (NYSE FHN) traded up $0.41 during trading on Monday, reaching $20.27. The company’s stock had a trading volume of 24,031,600 shares, compared to its average volume of 622,752. First Horizon National has a 12-month low of $18.68 and a 12-month high of $45.00. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $4,651.82, a PE ratio of 18.91, a PEG ratio of 2.56 and a beta of 1.03.

First Horizon National (NYSE:FHN) last posted its earnings results on Friday, October 13th. The financial services provider reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.02. The company had revenue of $337.00 million for the quarter, compared to analyst estimates of $340.48 million. First Horizon National had a return on equity of 9.40% and a net margin of 19.36%. During the same quarter last year, the company earned $0.27 earnings per share. analysts expect that First Horizon National will post 1.11 earnings per share for the current fiscal year.

In other First Horizon National 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 stock was 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 in the company, valued at approximately $5,132,509.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director R Brad Martin sold 5,449 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $19.25, for a total value of $104,893.25. Following the transaction, the director now 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 valued at $1,010,022 in the last ninety days. 2.09% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC raised its holdings in First Horizon National by 113.6% in the 1st quarter. AQR Capital Management LLC now owns 58,842 shares of the financial services provider’s stock worth $1,088,000 after purchasing an additional 31,290 shares during the period. Aperio Group LLC increased its stake in First Horizon National by 1.8% in the 2nd quarter. Aperio Group LLC now owns 134,330 shares of the financial services provider’s stock worth $2,340,000 after buying an additional 2,322 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in First Horizon National by 0.4% in the 2nd quarter. Great West Life Assurance Co. Can now owns 139,850 shares of the financial services provider’s stock worth $2,434,000 after buying an additional 516 shares in the last quarter. World Asset Management Inc increased its stake in First Horizon National by 2.2% in the 2nd quarter. World Asset Management Inc now owns 14,781 shares of the financial services provider’s stock worth $257,000 after buying an additional 313 shares in the last quarter. Finally, Texas Permanent School Fund increased its stake in First Horizon National by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 170,686 shares of the financial services provider’s stock worth $2,973,000 after buying an additional 1,501 shares in the last quarter. Institutional investors own 89.03% of the company’s stock.

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About First Horizon National

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 (NYSE:FHN)

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