First Horizon National Corp. (NYSE:FHN) released its quarterly earnings data on Friday. The financial services provider reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.02. First Horizon National Corp. had a net margin of 17.30% and a return on equity of 8.84%.

Shares of First Horizon National Corp. (NYSE:FHN) opened at 15.06 on Friday. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 17.07 and a beta of 1.16. First Horizon National Corp. has a one year low of $11.51 and a one year high of $15.83. The company’s 50-day moving average is $15.24 and its 200-day moving average is $14.37.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Friday, September 9th were issued a dividend of $0.07 per share. The ex-dividend date was Wednesday, September 7th. This represents a $0.28 dividend on an annualized basis and a yield of 1.86%. First Horizon National Corp.’s payout ratio is 30.11%.

In other news, EVP John M. Daniel sold 53,048 shares of the company’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $14.93, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman D Bryan Jordan sold 461,187 shares of the company’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $15.05, for a total transaction of $6,940,864.35. Following the sale, the chairman now directly owns 821,178 shares of the company’s stock, valued at approximately $12,358,728.90. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in FHN. Cubist Systematic Strategies LLC acquired a new stake in First Horizon National Corp. during the second quarter worth about $222,000. Voloridge Investment Management LLC acquired a new stake in First Horizon National Corp. during the second quarter worth about $425,000. Marshall Wace LLP acquired a new stake in First Horizon National Corp. during the second quarter worth about $1,777,000. Citadel Advisors LLC raised its stake in First Horizon National Corp. by 110.3% in the second quarter. Citadel Advisors LLC now owns 5,415,762 shares of the financial services provider’s stock worth $74,630,000 after buying an additional 2,840,255 shares during the last quarter. Finally, Clinton Group Inc. acquired a new stake in First Horizon National Corp. during the second quarter worth about $1,032,000. 78.37% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have commented on the stock. JPMorgan Chase & Co. reiterated a “hold” rating on shares of First Horizon National Corp. in a research report on Saturday, July 9th. Barclays PLC increased their price objective on shares of First Horizon National Corp. from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Monday, July 18th. Zacks Investment Research lowered shares of First Horizon National Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, September 20th. Hovde Group lowered shares of First Horizon National Corp. from an “outperform” rating to a “market perform” rating and set a $16.50 price objective for the company. in a research report on Monday, September 26th. Finally, Wells Fargo & Co. lowered shares of First Horizon National Corp. from a “market perform” rating to an “underperform” rating in a research report on Tuesday, August 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $15.50.

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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