First Horizon National Corporation (FHN) Given Daily Media Sentiment Score of 0.22
Headlines about First Horizon National Corporation (NYSE:FHN) have trended somewhat positive on Monday, according to Accern. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. First Horizon National Corporation earned a news impact score of 0.22 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 45.2486544920979 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern’s scoring:
- Zacks: Analysts Anticipate First Horizon National Corporation (FHN) to Announce $0.30 Earnings Per Share (americanbankingnews.com)
- First Horizon National Corporation (FHN) Scheduled to Post Earnings on Friday (americanbankingnews.com)
- First Horizon National Corporation’s (FHN) Equal Weight Rating Reaffirmed at Morgan Stanley (americanbankingnews.com)
- Keefe, Bruyette & Woods Reaffirms Buy Rating for First Horizon National Corporation (FHN) (americanbankingnews.com)
- ETFs with exposure to First Horizon National Corp. (Tennessee) : September 29, 2017 (finance.yahoo.com)
First Horizon National Corporation (NYSE FHN) opened at 19.22 on Monday. First Horizon National Corporation has a one year low of $14.60 and a one year high of $20.84. The stock has a market cap of $4.50 billion, a price-to-earnings ratio of 17.32 and a beta of 1.05. The firm has a 50-day moving average price of $17.73 and a 200-day moving average price of $17.75.
First Horizon National Corporation (NYSE:FHN) last posted its earnings results on Friday, July 14th. The financial services provider reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. The company had revenue of $328.37 million for the quarter, compared to the consensus estimate of $331.27 million. First Horizon National Corporation had a return on equity of 9.10% and a net margin of 19.13%. First Horizon National Corporation’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $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.
The company also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 8th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $0.36 dividend on an annualized basis and a yield of 1.87%. First Horizon National Corporation’s payout ratio is 32.43%.
A number of research analysts have recently issued reports on the company. Royal Bank Of Canada reiterated a “hold” rating and set a $20.00 target price on shares of First Horizon National Corporation in a research report on Friday, July 7th. BidaskClub upgraded First Horizon National Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. ValuEngine lowered First Horizon National Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. J P Morgan Chase & Co reiterated a “buy” rating and set a $20.00 target price on shares of First Horizon National Corporation in a research report on Wednesday, September 13th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $19.50 target price on shares of First Horizon National Corporation in a research report on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $19.44.
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In related news, CFO William C. Losch III sold 3,500 shares of the stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $18.51, for a total transaction of $64,785.00. Following the transaction, the chief financial officer now directly owns 233,890 shares in the company, valued at $4,329,303.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO William C. Losch III sold 45,107 shares of the stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $18.63, for a total value of $840,343.41. Following the transaction, the chief financial officer now owns 275,497 shares in the company, valued at $5,132,509.11. The disclosure for this sale can be found here. 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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