First Horizon National (NYSE:FHN) announced its earnings results on Friday. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.01, Bloomberg Earnings reports. First Horizon National had a net margin of 19.36% and a return on equity of 9.40%. The company had revenue of $375.30 million during the quarter, compared to analyst estimates of $368.93 million. During the same period in the previous year, the business earned $0.23 earnings per share. The firm’s quarterly revenue was up 17.4% compared to the same quarter last year.
First Horizon National (NYSE FHN) traded down $0.05 during midday trading on Friday, reaching $20.16. 7,389,956 shares of the company’s stock traded hands, compared to its average volume of 2,509,045. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $4,733.80, a price-to-earnings ratio of 18.00, a price-to-earnings-growth ratio of 2.04 and a beta of 1.03. First Horizon National has a twelve month low of $15.84 and a twelve month high of $20.86.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, November 3rd were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $0.36 annualized dividend and a yield of 1.79%. First Horizon National’s payout ratio is 32.14%.
Several research analysts recently issued reports on FHN shares. Hovde Group upped their target price on shares of First Horizon National from $20.00 to $21.00 and gave the stock a “market perform” rating in a research report on Monday, October 16th. Raymond James Financial upgraded shares of First Horizon National from an “outperform” rating to a “strong-buy” rating and set a $22.00 price target for the company in a research report on Wednesday, November 8th. Royal Bank of Canada restated a “hold” rating and set a $22.00 price target on shares of First Horizon National in a research report on Tuesday, December 5th. Vining Sparks upgraded shares of First Horizon National to a “buy” rating and set a $25.00 price target for the company in a research report on Monday, January 8th. Finally, Barclays restated an “equal weight” rating and set a $21.00 price target on shares of First Horizon National in a research report on Monday, December 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have given a buy rating and three have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price 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.
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