First Horizon National Corp. (NYSE:FHN) – Stock analysts at Jefferies Group raised their Q1 2017 earnings per share estimates for First Horizon National Corp. in a research report issued to clients and investors on Monday. Jefferies Group analyst C. Haire now anticipates that the firm will post earnings per share of $0.23 for the quarter, up from their previous estimate of $0.22. Jefferies Group currently has a “Hold” rating and a $16.00 price target on the stock. Jefferies Group also issued estimates for First Horizon National Corp.’s Q2 2017 earnings at $0.27 EPS, Q3 2017 earnings at $0.28 EPS, Q4 2017 earnings at $0.29 EPS, FY2017 earnings at $1.06 EPS and FY2018 earnings at $1.19 EPS.

Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research cut First Horizon National Corp. from a “buy” rating to a “hold” rating in a research note on Friday, October 7th. Deutsche Bank AG upped their price target on 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. Hovde Group cut First Horizon National Corp. from an “outperform” rating to a “market perform” rating and set a $16.50 price target on the stock. in a research note on Monday, September 26th. Finally, Wells Fargo & Co. cut First Horizon National Corp. from a “market perform” rating to an “underperform” rating in a research note on Tuesday, August 23rd. 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 an average rating of “Hold” and a consensus price target of $15.83.

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

Shares of First Horizon National Corp. (NYSE:FHN) opened at 18.26 on Tuesday. The company has a 50-day moving average price of $15.43 and a 200 day moving average price of $14.66. The stock has a market cap of $4.26 billion, a price-to-earnings ratio of 20.13 and a beta of 1.07. First Horizon National Corp. has a one year low of $11.51 and a one year high of $18.29.

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, topping the 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 last year, the company posted $0.23 earnings per share.

Several hedge funds and other institutional investors have recently bought and sold shares of FHN. Bank of Montreal Can bought a new position in First Horizon National Corp. during the second quarter valued at approximately $735,000. Oakbrook Investments LLC increased its position in First Horizon National Corp. by 99.1% in the second quarter. Oakbrook Investments LLC now owns 21,300 shares of the financial services provider’s stock valued at $294,000 after buying an additional 10,600 shares during the period. LS Investment Advisors LLC increased its position in First Horizon National Corp. by 73.3% in the second quarter. LS Investment Advisors LLC now owns 14,107 shares of the financial services provider’s stock valued at $194,000 after buying an additional 5,969 shares during the period. IBM Retirement Fund increased its position in First Horizon National Corp. by 1.5% in the second quarter. IBM Retirement Fund now owns 23,273 shares of the financial services provider’s stock valued at $321,000 after buying an additional 336 shares during the period. Finally, First Manhattan Co. increased its position in First Horizon National Corp. by 1.4% in the second quarter. First Manhattan Co. now owns 198,117 shares of the financial services provider’s stock valued at $2,730,000 after buying an additional 2,655 shares during the period. 81.63% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Michael E. Kisber sold 118,043 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 473,309 shares of the company’s stock, valued at $7,217,962.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John M. Daniel sold 42,531 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $16.00, for a total value of $680,496.00. Following the completion of the transaction, the executive vice president now directly owns 272,586 shares in the company, valued at approximately $4,361,376. 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 will be paid on Tuesday, January 3rd. Shareholders of record on Friday, December 9th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Wednesday, December 7th. First Horizon National Corp.’s dividend payout ratio 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

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