First Horizon National (NYSE:FHN) had its price objective boosted by equities researchers at Morgan Stanley from $20.00 to $22.00 in a report released on Wednesday. The firm currently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s price objective points to a potential upside of 10.83% from the stock’s current price.

FHN has been the topic of a number of other research reports. Raymond James Financial upped their price objective on First Horizon National from $20.00 to $22.00 and gave the stock an “outperform” rating in a research note on Monday, October 16th. UBS upgraded First Horizon National from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, November 8th. Zacks Investment Research cut First Horizon National from a “buy” rating to a “sell” rating in a research note on Tuesday, September 19th. ValuEngine cut First Horizon National from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, J P Morgan Chase & Co restated a “buy” rating and issued a $20.00 price target on shares of First Horizon National in a research note on Wednesday, September 13th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. First Horizon National has an average rating of “Hold” and a consensus target price of $21.00.

Shares of First Horizon National (NYSE FHN) traded up $0.13 during trading on Wednesday, hitting $19.85. The stock had a trading volume of 4,912,000 shares, compared to its average volume of 744,975. First Horizon National has a one year low of $18.68 and a one year high of $45.00. The company has a market cap of $4,670.00, a PE ratio of 18.78, a P/E/G ratio of 2.54 and a beta of 1.03. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 0.38.

First Horizon National (NYSE:FHN) last announced its quarterly earnings data on Friday, October 13th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $340.48 million. During the same quarter in the prior year, the business posted $0.27 EPS. analysts forecast that First Horizon National will post 1.11 earnings per share for the current fiscal year.

In other First Horizon National news, Director R Brad Martin sold 5,449 shares of the company’s stock in a transaction 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 directly owns 482,188 shares of the company’s stock, valued at approximately $9,282,119. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO William C. Losch III sold 45,107 shares of the company’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $18.63, for a total value of $840,343.41. Following the completion of the transaction, the chief financial officer now directly owns 275,497 shares in the company, valued at $5,132,509.11. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,056 shares of company stock worth $1,010,022. 2.09% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of FHN. Great West Life Assurance Co. Can grew its holdings 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 valued at $2,434,000 after buying an additional 516 shares in the last quarter. World Asset Management Inc grew its holdings 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 valued at $257,000 after buying an additional 313 shares in the last quarter. Sei Investments Co. grew its holdings in First Horizon National by 4.6% in the 2nd quarter. Sei Investments Co. now owns 63,199 shares of the financial services provider’s stock valued at $1,101,000 after buying an additional 2,761 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in First Horizon National by 23.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 26,000 shares of the financial services provider’s stock valued at $453,000 after buying an additional 5,000 shares in the last quarter. Finally, Arizona State Retirement System grew its holdings in First Horizon National by 1.4% in the 2nd quarter. Arizona State Retirement System now owns 98,600 shares of the financial services provider’s stock valued at $1,718,000 after buying an additional 1,400 shares in the last quarter. 89.03% of the stock is currently owned by hedge funds and other institutional investors.

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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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