First Horizon National Corp. (NYSE:FHN) – Equities researchers at SunTrust Banks raised their FY2016 EPS estimates for First Horizon National Corp. in a research note issued on Friday. SunTrust Banks analyst J. Demba now forecasts that the firm will post earnings of $0.97 per share for the year, up from their prior estimate of $0.95. SunTrust Banks also issued estimates for First Horizon National Corp.’s Q4 2017 earnings at $0.26 EPS, FY2017 earnings at $1.02 EPS, Q1 2018 earnings at $0.27 EPS, Q2 2018 earnings at $0.30 EPS, Q3 2018 earnings at $0.30 EPS and FY2018 earnings at $1.16 EPS.

First Horizon National Corp. (NYSE:FHN) last announced its quarterly earnings data on Friday, October 14th. The financial services provider reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. First Horizon National Corp. had a return on equity of 8.54% and a net margin of 16.40%. During the same period last year, the company posted $0.23 EPS.

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

FHN has been the subject of a number of other research reports. Zacks Investment Research cut First Horizon National Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th. Barclays PLC boosted 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. Deutsche Bank AG boosted their price objective on First Horizon National Corp. from $13.50 to $15.50 and gave the company a “hold” rating in a research note on Monday, September 26th. Hovde Group lowered First Horizon National Corp. from an “outperform” rating to a “market perform” rating and set a $16.50 target price on the stock. in a report on Monday, September 26th. Finally, JPMorgan Chase & Co. reissued a “hold” rating and issued a $15.50 target price on shares of First Horizon National Corp. in a report on Monday, July 18th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.50.

First Horizon National Corp. (NYSE:FHN) opened at 14.81 on Monday. The firm has a 50-day moving average price of $15.23 and a 200-day moving average price of $14.38. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 16.79 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.

A number of hedge funds have recently bought and sold shares of FHN. Mariner Wealth Advisors LLC raised its stake in First Horizon National Corp. by 0.3% in the second quarter. Mariner Wealth Advisors LLC now owns 21,235 shares of the financial services provider’s stock valued at $293,000 after buying an additional 56 shares during the period. Carroll Financial Associates Inc. raised its stake in 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 valued at $106,000 after buying an additional 106 shares during the period. Utah Retirement Systems raised its stake in First Horizon National Corp. by 0.5% in the second quarter. Utah Retirement Systems now owns 42,047 shares of the financial services provider’s stock valued at $580,000 after buying an additional 200 shares during the period. Raymond James & Associates raised its stake in First Horizon National Corp. by 1.0% in the second quarter. Raymond James & Associates now owns 24,879 shares of the financial services provider’s stock valued at $343,000 after buying an additional 240 shares during the period. Finally, Loews Corp raised its stake in First Horizon National Corp. by 2.2% in the second quarter. Loews Corp now owns 14,073 shares of the financial services provider’s stock valued at $194,000 after buying an additional 300 shares during the period. 78.36% of the stock is currently owned by institutional investors.

In other First Horizon National Corp. news, CFO William C. Losch III sold 84,566 shares of the company’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $15.04, for a total value of $1,271,872.64. Following the sale, the chief financial officer now owns 300,204 shares of the company’s stock, valued at $4,515,068.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David T. Popwell sold 110,422 shares of the company’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $15.12, for a total value of $1,669,580.64. Following the completion of the sale, the insider now directly owns 299,844 shares in the company, valued at approximately $4,533,641.28. The disclosure for this sale can be found here. 2.40% of the stock is owned by company insiders.

The company 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. This represents a $0.28 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Wednesday, September 7th. First Horizon National Corp.’s dividend payout ratio (DPR) is 30.77%.

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

Receive News & Stock Ratings for First Horizon National Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Horizon National Corp. and related stocks with our FREE daily email newsletter.