First Horizon National Corporation (NYSE:FHN)‘s stock had its “hold” rating restated by analysts at Royal Bank Of Canada in a report released on Friday, July 7th. They presently have a $20.00 target price on the financial services provider’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 12.74% from the company’s previous close.

A number of other analysts have also commented on FHN. BidaskClub upgraded First Horizon National Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Stephens restated a “hold” rating on shares of First Horizon National Corporation in a report on Thursday, May 4th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $21.00 target price on shares of First Horizon National Corporation in a report on Monday, June 12th. ValuEngine upgraded First Horizon National Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Finally, Hovde Group dropped their target price on First Horizon National Corporation from $21.50 to $20.00 and set a “market perform” rating on the stock in a report on Monday, April 17th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. First Horizon National Corporation presently has a consensus rating of “Hold” and a consensus target price of $19.57.

First Horizon National Corporation (FHN) opened at 17.74 on Friday. The firm has a market cap of $4.15 billion, a P/E ratio of 15.98 and a beta of 1.06. The company has a 50-day moving average of $17.50 and a 200 day moving average of $18.44. First Horizon National Corporation has a 52 week low of $14.39 and a 52 week high of $20.84.

First Horizon National Corporation (NYSE:FHN) last issued its quarterly earnings results on Friday, July 14th. The financial services provider reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. The company had revenue of $328.37 million for the quarter, compared to analyst estimates of $331.27 million. First Horizon National Corporation had a return on equity of 9.10% and a net margin of 19.13%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.24 earnings per share. On average, equities analysts predict that First Horizon National Corporation will post $1.10 earnings per share for the current year.

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In other news, Director Vicki R. Palmer sold 5,211 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $17.65, for a total value of $91,974.15. Following the transaction, the director now owns 57,818 shares of the company’s stock, valued at $1,020,487.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.09% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. increased its position in First Horizon National Corporation by 0.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 11,985 shares of the financial services provider’s stock valued at $240,000 after buying an additional 68 shares during the last quarter. United Capital Financial Advisers LLC increased its position in First Horizon National Corporation by 1.3% in the first quarter. United Capital Financial Advisers LLC now owns 11,885 shares of the financial services provider’s stock valued at $220,000 after buying an additional 157 shares during the last quarter. World Asset Management Inc increased its position in First Horizon National Corporation by 1.8% in the first quarter. World Asset Management Inc now owns 14,468 shares of the financial services provider’s stock valued at $268,000 after buying an additional 262 shares during the last quarter. Teacher Retirement System of Texas increased its position in First Horizon National Corporation by 1.5% in the first quarter. Teacher Retirement System of Texas now owns 18,435 shares of the financial services provider’s stock valued at $341,000 after buying an additional 269 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its position in First Horizon National Corporation by 0.4% in the second quarter. Great West Life Assurance Co. Can now owns 139,850 shares of the financial services provider’s stock valued at $2,434,000 after buying an additional 516 shares during the last quarter. 85.83% of the stock is currently owned by institutional investors.

First Horizon National Corporation 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.

Analyst Recommendations for First Horizon National Corporation (NYSE:FHN)

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