First Horizon National Corporation (NYSE:FHN) has received an average rating of “Hold” from the seventeen analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $21.14.

A number of equities analysts have weighed in on FHN shares. BidaskClub raised shares of First Horizon National from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. ValuEngine downgraded shares of First Horizon National from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. J P Morgan Chase & Co reissued a “buy” rating and set a $20.00 price target on shares of First Horizon National in a research report on Wednesday, September 13th. Zacks Investment Research raised shares of First Horizon National from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Monday, September 18th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $19.50 price target on shares of First Horizon National in a research report on Wednesday, September 27th.

First Horizon National (NYSE:FHN) opened at $20.18 on Friday. First Horizon National has a one year low of $18.68 and a one year high of $45.00. The firm has a market cap of $4,619.02, a P/E ratio of 18.78, a price-to-earnings-growth 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 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. First Horizon National had a net margin of 19.36% and a return on equity of 9.40%. The business had revenue of $337.00 million during the quarter, compared to the consensus estimate of $340.48 million. During the same quarter last year, the firm earned $0.27 earnings per share. equities research analysts expect that First Horizon National will post 1.11 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, November 3rd will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.78%. The ex-dividend date is Thursday, November 2nd. First Horizon National’s dividend payout ratio is currently 32.14%.

In related 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 shares were sold at an average price of $18.51, for a total value of $64,785.00. Following the sale, the chief financial officer now 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 at the SEC website. Also, CFO William C. Losch III sold 45,107 shares of the firm’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 completion of the sale, the chief financial officer now owns 275,497 shares in the company, valued at approximately $5,132,509.11. The disclosure for this sale can be found here. Insiders sold 54,056 shares of company stock worth $1,010,022 in the last 90 days. 2.09% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in 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 worth $148,000 after purchasing an additional 676 shares during the last quarter. Macquarie Group Ltd. purchased a new position in shares of First Horizon National during the 3rd quarter worth $182,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of First Horizon National by 133.8% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,503 shares of the financial services provider’s stock worth $183,000 after acquiring an additional 5,438 shares during the last quarter. Greenwood Capital Associates LLC boosted its stake in shares of First Horizon National by 7.3% during the 2nd quarter. Greenwood Capital Associates LLC now owns 11,117 shares of the financial services provider’s stock worth $194,000 after acquiring an additional 757 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of 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 acquiring an additional 286 shares during 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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