Utah Retirement Systems lifted its stake in First Horizon National Corporation (NYSE:FHN) by 1.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,347 shares of the financial services provider’s stock after buying an additional 400 shares during the quarter. Utah Retirement Systems’ holdings in First Horizon National Corporation were worth $737,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Neuburgh Advisers LLC boosted its stake in shares of 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 last quarter. Glen Harbor Capital Management LLC boosted its stake in shares of 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 last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of First Horizon National Corporation in the first quarter worth about $189,000. Greenwood Capital Associates LLC purchased a new stake in shares of First Horizon National Corporation in the first quarter worth about $192,000. Finally, United Capital Financial Advisers LLC boosted its stake in shares of 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 worth $220,000 after buying an additional 157 shares during the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

FHN has been the topic of a number of recent research reports. Deutsche Bank AG restated a “hold” rating on shares of First Horizon National Corporation in a research note on Monday, July 3rd. BidaskClub downgraded First Horizon National Corporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 21st. Zacks Investment Research upgraded First Horizon National Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. ValuEngine upgraded First Horizon National Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $21.00 target price on shares of First Horizon National Corporation in a research note on Monday, June 12th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. First Horizon National Corporation currently has a consensus rating of “Hold” and an average target price of $19.57.

First Horizon National Corporation (NYSE:FHN) opened at 16.95 on Tuesday. The firm has a market cap of $3.97 billion, a PE ratio of 15.27 and a beta of 1.04. The company has a 50-day moving average price of $17.29 and a 200-day moving average price of $17.91. First Horizon National Corporation has a 12-month low of $14.60 and a 12-month high of $20.84.

First Horizon National Corporation (NYSE:FHN) last announced its quarterly earnings data on Friday, July 14th. The financial services provider reported $0.27 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $328.37 million for the quarter, compared to analyst estimates of $331.27 million. During the same quarter in the previous year, the company earned $0.24 EPS. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities analysts predict that First Horizon National Corporation will post $1.10 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 8th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Thursday, September 7th. First Horizon National Corporation’s dividend payout ratio is presently 32.43%.

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In other First Horizon National Corporation news, Director Vicki R. Palmer sold 5,211 shares of First Horizon National Corporation 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 sale, the director now owns 57,818 shares of the company’s stock, valued at approximately $1,020,487.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.09% of the stock is currently owned by insiders.

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.

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Institutional Ownership by Quarter for First Horizon National Corporation (NYSE:FHN)

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