First Horizon National (NYSE:FHN)‘s stock had its “hold” rating restated by Royal Bank Of Canada in a report released on Tuesday. They presently have a $22.00 price target on the financial services provider’s stock. Royal Bank Of Canada’s price target points to a potential upside of 10.39% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. J P Morgan Chase & Co restated a “buy” rating and issued a $20.00 target price on shares of First Horizon National in a research report on Wednesday, September 13th. ValuEngine downgraded First Horizon National from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Barclays restated an “equal weight” rating and issued a $21.00 target price on shares of First Horizon National in a research report on Monday. Morgan Stanley restated an “equal weight” rating and issued a $19.50 target price on shares of First Horizon National in a research report on Wednesday, September 27th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $20.00 target price on shares of First Horizon National in a research report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $20.75.

Shares of First Horizon National (NYSE FHN) traded down $0.34 during trading on Tuesday, reaching $19.93. The company had a trading volume of 12,725,302 shares, compared to its average volume of 674,472. First Horizon National has a 52-week low of $18.68 and a 52-week high of $45.00. The stock has a market capitalization of $4,651.82, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 2.56 and a beta of 1.03. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.92 and a current ratio of 0.94.

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

In other news, CFO William C. Losch III sold 45,107 shares of First Horizon National stock in a transaction on Wednesday, September 27th. The stock was 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO William C. Losch III sold 3,500 shares of First Horizon National stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $18.51, for a total value 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 sold 54,056 shares of company stock valued at $1,010,022 over the last ninety days. Insiders own 2.09% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of FHN. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of First Horizon National by 8.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,472 shares of the financial services provider’s stock valued at $148,000 after buying an additional 676 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in shares of First Horizon National in the third quarter valued at $182,000. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of First Horizon National by 133.8% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,503 shares of the financial services provider’s stock valued at $183,000 after buying an additional 5,438 shares in the last quarter. Greenwood Capital Associates LLC grew its stake in shares of First Horizon National by 7.3% in the second quarter. Greenwood Capital Associates LLC now owns 11,117 shares of the financial services provider’s stock valued at $194,000 after buying an additional 757 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in First Horizon National by 2.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 12,227 shares of the financial services provider’s stock worth $214,000 after purchasing an additional 286 shares in the last quarter. 89.03% of the stock is owned by institutional investors and hedge funds.

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First Horizon National 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 (NYSE:FHN)

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