First Horizon National Corporation (NYSE:FHN) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Saturday.

FHN has been the subject of a number of other research reports. UBS AG upgraded First Horizon National Corporation from a “market perform” rating to an “outperform” rating in a report on Thursday, August 10th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $21.00 target price on shares of First Horizon National Corporation in a report on Monday, June 12th. Deutsche Bank AG restated a “hold” rating on shares of First Horizon National Corporation in a report on Monday, July 3rd. Zacks Investment Research upgraded First Horizon National Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, Hovde Group reduced their target price on First Horizon National Corporation from $20.50 to $20.00 and set a “market perform” rating for the company in a report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $19.57.

Shares of First Horizon National Corporation (NYSE FHN) traded up 1.22% during mid-day trading on Friday, reaching $17.37. The company’s stock had a trading volume of 1,800,711 shares. The firm has a market capitalization of $4.07 billion, a P/E ratio of 15.65 and a beta of 1.06. The company’s 50-day moving average is $17.49 and its 200 day moving average is $18.15. First Horizon National Corporation has a 1-year low of $14.60 and a 1-year high of $20.84.

First Horizon National Corporation (NYSE:FHN) last released its earnings results on Friday, July 14th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. The company had revenue of $328.37 million during 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 revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 earnings per share. On average, analysts expect 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 on Thursday, June 15th. The shares were sold at an average price of $17.65, for a total value of $91,974.15. Following the transaction, the director now directly 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 at this hyperlink. Corporate insiders own 2.09% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Neuburgh Advisers LLC increased its position in First Horizon National Corporation by 16.1% in the first quarter. Neuburgh Advisers LLC now owns 7,392 shares of the financial services provider’s stock worth $137,000 after buying an additional 1,024 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in First Horizon National Corporation by 8.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,472 shares of the financial services provider’s stock worth $148,000 after buying an additional 676 shares during the period. Glen Harbor Capital Management LLC increased its position in First Horizon National Corporation by 16.1% in the first quarter. Glen Harbor Capital Management LLC now owns 10,164 shares of the financial services provider’s stock worth $188,000 after buying an additional 1,408 shares during the period. Tudor Investment Corp ET AL bought a new position in First Horizon National Corporation during the first quarter worth $189,000. Finally, Oakbrook Investments LLC bought a new position in First Horizon National Corporation during the first quarter worth $191,000. 84.71% of the stock is currently owned by institutional investors and hedge funds.

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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