First Horizon National (NYSE:FHN) posted its quarterly earnings data on Friday. The financial services provider reported ($0.20) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.49), RTT News reports. The firm had revenue of $375.30 million for the quarter, compared to analyst estimates of $368.93 million. First Horizon National had a return on equity of 9.40% and a net margin of 19.36%. The business’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.23 EPS.

Shares of First Horizon National (FHN) opened at $20.21 on Friday. 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 cap of $6,580.00, a P/E ratio of 18.04, a P/E/G ratio of 2.05 and a beta of 1.03. First Horizon National has a fifty-two week low of $15.84 and a fifty-two week high of $20.86.

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

Institutional investors have recently modified their holdings of the stock. Crossmark Global Holdings Inc. acquired a new stake in First Horizon National during the 3rd quarter worth $481,000. Deprince Race & Zollo Inc. grew its holdings in First Horizon National by 1.3% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 1,223,545 shares of the financial services provider’s stock worth $23,431,000 after acquiring an additional 15,406 shares during the period. Sei Investments Co. grew its holdings in First Horizon National by 18.9% during the 3rd quarter. Sei Investments Co. now owns 75,152 shares of the financial services provider’s stock worth $1,439,000 after acquiring an additional 11,953 shares during the period. Principal Financial Group Inc. grew its holdings in First Horizon National by 59.5% during the 3rd quarter. Principal Financial Group Inc. now owns 1,579,251 shares of the financial services provider’s stock worth $30,244,000 after acquiring an additional 588,885 shares during the period. Finally, Barings LLC acquired a new stake in First Horizon National during the 3rd quarter worth $372,000. 88.97% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently weighed in on FHN. Raymond James Financial raised their price objective on shares of First Horizon National from $20.00 to $22.00 and gave the stock an “outperform” rating in a report on Monday, October 16th. Morgan Stanley reaffirmed an “equal weight” rating and set a $20.00 price objective (up previously from $19.50) on shares of First Horizon National in a report on Wednesday, October 4th. UBS Group raised shares of First Horizon National from an “outperform” rating to a “strong-buy” rating in a report on Wednesday, November 8th. Barclays raised their price objective on shares of First Horizon National from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Finally, Zacks Investment Research raised shares of First Horizon National from a “sell” rating to a “hold” rating in a report on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. First Horizon National has a consensus rating of “Buy” and an average price target of $22.00.

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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.

Earnings History for First Horizon National (NYSE:FHN)

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