First Horizon National Corp. (NYSE:FHN) announced its earnings results on Friday. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%.

First Horizon National Corp. (NYSE:FHN) opened at 15.06 on Friday. The company’s 50-day moving average is $15.24 and its 200 day moving average is $14.37. 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 1-year low of $11.51 and a 1-year high of $15.83.

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

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

A number of brokerages recently issued reports on FHN. Zacks Investment Research cut shares of First Horizon National Corp. from a “buy” rating to a “hold” rating in a research report on Friday, October 7th. Hovde Group cut 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. Deutsche Bank AG raised their price objective on shares of First Horizon National Corp. from $13.50 to $15.50 and gave the company a “hold” rating in a research report on Monday, September 26th. Wells Fargo & Co. cut shares of First Horizon National Corp. from a “market perform” rating to an “underperform” rating in a research report on Tuesday, August 23rd. Finally, JPMorgan Chase & Co. restated a “hold” rating and issued a $15.50 price objective on shares of First Horizon National Corp. in a research report on Monday, July 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $15.50.

In related news, Chairman D Bryan Jordan sold 461,187 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $15.05, for a total transaction of $6,940,864.35. Following the completion of the sale, the chairman now owns 821,178 shares of the company’s stock, valued at $12,358,728.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William C. Losch III sold 84,566 shares of the company’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $15.04, for a total transaction of $1,271,872.64. Following the sale, the chief financial officer now directly owns 300,204 shares of the company’s stock, valued at approximately $4,515,068.16. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of FHN. BlackRock Fund Advisors boosted its position in First Horizon National Corp. by 1.7% in the second quarter. BlackRock Fund Advisors now owns 8,577,574 shares of the financial services provider’s stock worth $118,199,000 after buying an additional 145,182 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in First Horizon National Corp. by 8.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 7,349,946 shares of the financial services provider’s stock worth $101,282,000 after buying an additional 576,009 shares during the period. Citadel Advisors LLC boosted its position 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 period. BlackRock Investment Management LLC boosted its position in First Horizon National Corp. by 0.4% in the second quarter. BlackRock Investment Management LLC now owns 686,440 shares of the financial services provider’s stock worth $9,459,000 after buying an additional 2,808 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its position in First Horizon National Corp. by 15.4% in the second quarter. TIAA CREF Investment Management LLC now owns 401,255 shares of the financial services provider’s stock worth $5,529,000 after buying an additional 53,582 shares during the period. 78.37% of the stock is owned by hedge funds and other institutional investors.

About First Horizon National Corp.

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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