First Horizon National Corp. (NYSE:FHN) EVP John M. Daniel sold 42,531 shares of the business’s stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $16.00, for a total transaction of $680,496.00. Following the completion of the sale, the executive vice president now owns 272,586 shares in the company, valued at approximately $4,361,376. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of First Horizon National Corp. (NYSE:FHN) opened at 18.21 on Tuesday. The company has a 50-day moving average of $15.43 and a 200-day moving average of $14.66. First Horizon National Corp. has a 1-year low of $11.51 and a 1-year high of $18.88. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 20.08 and a beta of 1.07.

First Horizon National Corp. (NYSE:FHN) last posted its quarterly earnings data on Friday, October 14th. 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 return on equity of 8.54% and a net margin of 16.40%. During the same period in the prior year, the company posted $0.23 earnings per share. On average, equities research analysts expect that First Horizon National Corp. will post $0.96 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for First Horizon National Corp. (NYSE:FHN)

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Friday, December 9th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Wednesday, December 7th. First Horizon National Corp.’s dividend payout ratio (DPR) is presently 30.77%.

Several hedge funds have recently modified their holdings of FHN. 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 period. Riverhead Capital Management LLC increased its stake in shares of First Horizon National Corp. by 1,280.7% in the third quarter. Riverhead Capital Management LLC now owns 7,000 shares of the financial services provider’s stock worth $107,000 after buying an additional 6,493 shares during the period. BlackRock Japan Co. Ltd increased its stake in shares of First Horizon National Corp. by 101,900.0% in the third quarter. BlackRock Japan Co. Ltd now owns 7,140 shares of the financial services provider’s stock worth $109,000 after buying an additional 7,133 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of First Horizon National Corp. by 12.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,796 shares of the financial services provider’s stock worth $119,000 after buying an additional 853 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of First Horizon National Corp. by 1,937.4% in the third quarter. Tower Research Capital LLC TRC now owns 8,231 shares of the financial services provider’s stock worth $125,000 after buying an additional 7,827 shares during the period. 81.63% of the stock is owned by institutional investors and hedge funds.

Several research analysts have commented on FHN shares. Zacks Investment Research raised shares of First Horizon National Corp. from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Tuesday, October 4th. Barclays PLC lifted their price objective on shares of First Horizon National Corp. from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Monday, July 18th. Jefferies Group reaffirmed a “hold” rating and set a $16.00 price objective on shares of First Horizon National Corp. in a research note on Wednesday, October 19th. JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $15.50 price objective on shares of First Horizon National Corp. in a research note on Monday, July 18th. Finally, Deutsche Bank AG lifted their price objective on shares of First Horizon National Corp. from $13.50 to $15.50 and gave the stock a “hold” rating in a research note on Monday, September 26th. One equities 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 company. The company currently has an average rating of “Hold” and an average price target of $15.83.

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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