First Horizon National Corp. (NYSE:FHN) was upgraded by equities researchers at Jefferies Group from a “hold” rating to a “buy” rating in a report issued on Monday.

Several other analysts also recently commented on the stock. Zacks Investment Research upgraded shares of First Horizon National Corp. from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Tuesday, October 4th. Deutsche Bank AG raised 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 report on Monday, September 26th. Wells Fargo & Co. downgraded shares of First Horizon National Corp. from a “market perform” rating to an “underperform” rating in a report on Tuesday, August 23rd. Finally, Hovde Group downgraded 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 report on Monday, September 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.83.

Analyst Recommendations for First Horizon National Corp. (NYSE:FHN)

First Horizon National Corp. (NYSE:FHN) traded up 0.97% during mid-day trading on Monday, reaching $18.72. 1,286,651 shares of the company’s stock were exchanged. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 20.64 and a beta of 1.07. First Horizon National Corp. has a 52-week low of $11.51 and a 52-week high of $19.26. The company has a 50-day moving average of $16.34 and a 200-day moving average of $15.01.

First Horizon National Corp. (NYSE:FHN) last announced its earnings results 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 net margin of 16.40% and a return on equity of 8.54%. During the same period in the prior year, the company earned $0.23 earnings per share. Equities research analysts anticipate that First Horizon National Corp. will post $0.96 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Friday, December 9th will be given a $0.07 dividend. The ex-dividend date is Wednesday, December 7th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.50%. First Horizon National Corp.’s dividend payout ratio (DPR) is currently 30.77%.

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In other news, insider David T. Popwell sold 110,422 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 299,844 shares in the company, valued at $4,533,641.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John M. Daniel sold 42,531 shares of the firm’s stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $16.00, for a total transaction of $680,496.00. Following the completion of the transaction, the executive vice president now owns 272,586 shares of the company’s stock, valued at $4,361,376. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in First Horizon National Corp. by 4.1% in the second quarter. Vanguard Group Inc. now owns 17,259,984 shares of the financial services provider’s stock worth $237,842,000 after buying an additional 679,074 shares during the period. BlackRock Fund Advisors raised its position in First Horizon National Corp. by 5.6% in the third quarter. BlackRock Fund Advisors now owns 9,057,078 shares of the financial services provider’s stock worth $137,939,000 after buying an additional 479,504 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in First Horizon National Corp. by 21.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 8,895,097 shares of the financial services provider’s stock worth $135,472,000 after buying an additional 1,545,151 shares during the period. Victory Capital Management Inc. raised its position in First Horizon National Corp. by 123.1% in the third quarter. Victory Capital Management Inc. now owns 5,721,506 shares of the financial services provider’s stock worth $87,139,000 after buying an additional 3,157,460 shares during the period. Finally, Fuller & Thaler Asset Management Inc. raised its position in First Horizon National Corp. by 19.9% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 5,455,922 shares of the financial services provider’s stock worth $75,183,000 after buying an additional 905,461 shares during the period. Institutional investors own 82.65% of the company’s stock.

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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