First Horizon National Corp. (NYSE:FHN) – Equities research analysts at Jefferies Group dropped their Q4 2016 earnings per share (EPS) estimates for shares of First Horizon National Corp. in a research note issued on Tuesday. Jefferies Group analyst E. Harmon now expects that the firm will post earnings of $0.25 per share for the quarter, down from their prior estimate of $0.26. Jefferies Group also issued estimates for First Horizon National Corp.’s Q1 2017 earnings at $0.23 EPS.

Several other analysts have also weighed in on FHN. Zacks Investment Research raised First Horizon National Corp. from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Wednesday, June 15th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of First Horizon National Corp. in a research note on Saturday, July 9th. Barclays PLC raised their price objective on First Horizon National Corp. from $15.00 to $16.00 and gave the company an “equal weight” rating in a research note on Monday, July 18th. Wells Fargo & Co. lowered First Horizon National Corp. from a “market perform” rating to an “underperform” rating in a research note on Tuesday, August 23rd. Finally, Hovde Group lowered First Horizon National Corp. from an “outperform” rating to a “market perform” rating and set a $16.50 price objective on the stock. in a research note on Monday, September 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. First Horizon National Corp. currently has an average rating of “Hold” and an average price target of $15.50.

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

Shares of First Horizon National Corp. (NYSE:FHN) traded down 2.65% during mid-day trading on Thursday, hitting $15.07. The stock had a trading volume of 1,863,660 shares. The firm has a market capitalization of $3.50 billion, a PE ratio of 17.09 and a beta of 1.16. First Horizon National Corp. has a 1-year low of $11.51 and a 1-year high of $15.83. The stock’s 50-day moving average is $15.23 and its 200-day moving average is $14.36.

First Horizon National Corp. (NYSE:FHN) last announced its quarterly earnings results on Friday, July 15th. The financial services provider reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The company earned $321.78 million during the quarter. First Horizon National Corp. had a return on equity of 8.84% and a net margin of 17.30%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same period last year, the company earned $0.22 earnings per share.

A number of large investors have recently modified their holdings of FHN. Capstone Asset Management Co. increased its stake in shares of First Horizon National Corp. by 2.1% in the third quarter. Capstone Asset Management Co. now owns 20,854 shares of the financial services provider’s stock worth $318,000 after buying an additional 420 shares during the last quarter. Carroll Financial Associates Inc. increased its stake in shares of First Horizon National Corp. by 1.5% in the third quarter. Carroll Financial Associates Inc. now owns 7,000 shares of the financial services provider’s stock worth $106,000 after buying an additional 106 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of First Horizon National Corp. by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 82,342 shares of the financial services provider’s stock worth $1,254,000 after buying an additional 1,603 shares during the last quarter. First Mercantile Trust Co. acquired a new stake in shares of First Horizon National Corp. during the third quarter worth $806,000. Finally, Mason Street Advisors LLC acquired a new stake in shares of First Horizon National Corp. during the second quarter worth $1,461,000. Institutional investors and hedge funds own 78.37% of the company’s stock.

In other First Horizon National Corp. news, insider Michael E. Kisber sold 118,043 shares of First Horizon National Corp. stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $15.25, for a total value of $1,800,155.75. Following the completion of the sale, the insider now directly owns 473,309 shares in the company, valued at $7,217,962.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John M. Daniel sold 53,048 shares of First Horizon National Corp. stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $14.93, for a total value of $792,006.64. Following the completion of the sale, the executive vice president now owns 283,103 shares of the company’s stock, valued at $4,226,727.79. The disclosure for this sale can be found here. 2.40% of the stock is owned by company insiders.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Friday, September 9th were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $0.28 dividend on an annualized basis and a yield of 1.81%. First Horizon National Corp.’s payout ratio is currently 30.11%.

First Horizon National Corp. 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.

5 Day Chart for NYSE:FHN

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