First Horizon National Corporation (NYSE:FHN) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Several other brokerages also recently issued reports on FHN. BidaskClub upgraded First Horizon National Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Raymond James Financial, Inc. upgraded First Horizon National Corporation from a “market perform” rating to an “outperform” rating in a report on Thursday, August 10th. Stephens reiterated a “hold” rating on shares of First Horizon National Corporation in a report on Thursday, May 4th. Royal Bank Of Canada reiterated a “hold” rating and issued a $20.00 price target on shares of First Horizon National Corporation in a report on Friday, July 7th. Finally, Hovde Group lowered their price target 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 investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $19.57.

First Horizon National Corporation (NYSE FHN) traded up 0.87% on Friday, reaching $17.36. The company had a trading volume of 2,249,944 shares. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 15.64 and a beta of 1.04. First Horizon National Corporation has a 52-week low of $14.60 and a 52-week high of $20.84. The stock’s 50-day moving average price is $17.46 and its 200 day moving average price is $18.07.

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

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In other First Horizon National Corporation news, Director Vicki R. Palmer sold 5,211 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $17.65, for a total value of $91,974.15. Following the completion of the transaction, the director now directly owns 57,818 shares of the company’s stock, valued at approximately $1,020,487.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.09% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Neuburgh Advisers LLC boosted its position in First Horizon National Corporation by 16.1% in the 1st quarter. Neuburgh Advisers LLC now owns 7,392 shares of the financial services provider’s stock valued at $137,000 after buying an additional 1,024 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in First Horizon National Corporation by 8.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,472 shares of the financial services provider’s stock valued at $148,000 after buying an additional 676 shares during the last quarter. Glen Harbor Capital Management LLC boosted its position in First Horizon National Corporation by 16.1% in the 1st quarter. Glen Harbor Capital Management LLC now owns 10,164 shares of the financial services provider’s stock valued at $188,000 after buying an additional 1,408 shares during the last quarter. Tudor Investment Corp ET AL purchased a new position in First Horizon National Corporation in the 1st quarter valued at about $189,000. Finally, Greenwood Capital Associates LLC purchased a new position in First Horizon National Corporation in the 1st quarter valued at about $192,000. 85.08% of the stock is 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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