First Horizon National Corporation (NYSE:FHN) – Equities research analysts at SunTrust Banks raised their Q3 2018 earnings per share (EPS) estimates for shares of First Horizon National in a research note issued on Wednesday. SunTrust Banks analyst J. Demba now expects that the financial services provider will post earnings of $0.35 per share for the quarter, up from their prior estimate of $0.34. SunTrust Banks also issued estimates for First Horizon National’s Q4 2018 earnings at $0.36 EPS, FY2018 earnings at $1.24 EPS, Q1 2019 earnings at $0.35 EPS, Q2 2019 earnings at $0.37 EPS, Q3 2019 earnings at $0.39 EPS and FY2019 earnings at $1.51 EPS.

A number of other brokerages also recently weighed in on FHN. J P Morgan Chase & Co reiterated a “buy” rating and issued a $20.00 target price on shares of First Horizon National in a report on Wednesday, September 13th. ValuEngine downgraded First Horizon National from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Barclays reiterated an “equal weight” rating and issued a $21.00 target price on shares of First Horizon National in a report on Monday. Morgan Stanley reiterated an “equal weight” rating and issued a $19.50 target price on shares of First Horizon National in a report on Wednesday, September 27th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $20.00 target price on shares of First Horizon National in a 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 given a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $20.75.

Shares of First Horizon National (NYSE FHN) traded up $0.11 on Friday, hitting $20.13. The stock had a trading volume of 4,071,600 shares, compared to its average volume of 703,116. First Horizon National has a 52 week low of $18.68 and a 52 week 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 company has a market capitalization of $4,689.29, a P/E ratio of 19.07, a price-to-earnings-growth ratio of 2.58 and a beta of 1.03.

First Horizon National (NYSE:FHN) last issued its quarterly earnings data on Friday, October 13th. The financial services provider reported $0.32 earnings per share (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 company had revenue of $337.00 million during the quarter, compared to the consensus estimate of $340.48 million. During the same period last year, the company earned $0.27 earnings per share.

Several large investors have recently made changes to their positions in FHN. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of First Horizon National by 8.7% during 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 during the last quarter. Macquarie Group Ltd. purchased a new position in shares of First Horizon National during the third quarter valued at approximately $182,000. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of First Horizon National by 133.8% during 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 during the last quarter. Greenwood Capital Associates LLC boosted its position in shares of First Horizon National by 7.3% during 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 during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of First Horizon National by 2.4% during the second quarter. PNC Financial Services Group Inc. now owns 12,227 shares of the financial services provider’s stock valued at $214,000 after buying an additional 286 shares during the last quarter. 89.03% of the stock is currently owned by institutional investors.

In other First Horizon National news, CFO William C. Losch III sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 26th. The stock was 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 owns 233,890 shares of the company’s stock, valued at $4,329,303.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $104,893.25. Following the completion of the sale, the director now directly owns 482,188 shares of the company’s stock, valued at approximately $9,282,119. The disclosure for this sale can be found here. Insiders sold 54,056 shares of company stock valued at $1,010,022 in the last three months. Insiders own 2.09% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, November 3rd will be paid a $0.09 dividend. The ex-dividend date is Thursday, November 2nd. This represents a $0.36 dividend on an annualized basis and a yield of 1.79%. First Horizon National’s dividend payout ratio (DPR) is presently 32.14%.

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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.

Earnings History and Estimates for First Horizon National (NYSE:FHN)

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