First Horizon National Corporation (NYSE:FHN) had its target price raised by Raymond James Financial, Inc. from $20.00 to $22.00 in a research report released on Monday. They currently have an outperform rating on the financial services provider’s stock.

Several other equities analysts have also weighed in on the company. Deutsche Bank AG reaffirmed a hold rating on shares of First Horizon National Corporation in a research note on Monday, July 3rd. BidaskClub lowered First Horizon National Corporation from a sell rating to a strong sell rating in a research note on Wednesday, June 21st. ValuEngine lowered First Horizon National Corporation from a buy rating to a hold rating in a research note on Friday, September 1st. J P Morgan Chase & Co reaffirmed a buy rating and issued a $20.00 price objective on shares of First Horizon National Corporation in a research note on Wednesday, September 13th. Finally, Zacks Investment Research raised First Horizon National Corporation from a sell rating to a hold rating in a research note on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the stock. First Horizon National Corporation has a consensus rating of Hold and a consensus price target of $19.80.

Shares of First Horizon National Corporation (NYSE:FHN) traded up 0.342% during mid-day trading on Monday, reaching $19.085. 1,519,419 shares of the company traded hands. First Horizon National Corporation has a 52-week low of $14.92 and a 52-week high of $20.84. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of 17.040 and a beta of 1.05. The company’s 50 day moving average is $18.18 and its 200 day moving average is $17.80.

First Horizon National Corporation (NYSE:FHN) last issued its quarterly earnings results on Friday, October 13th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. First Horizon National Corporation had a return on equity of 9.40% and a net margin of 19.36%. The firm had revenue of $337.00 million for the quarter, compared to analyst estimates of $340.48 million. During the same period last year, the company earned $0.27 EPS. On average, equities analysts forecast that First Horizon National Corporation will post $1.13 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This article was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another domain, it was copied illegally and reposted in violation of international copyright and trademark law. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/10/19/raymond-james-financial-inc-raises-first-horizon-national-corporation-fhn-price-target-to-22-00.html.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 8th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $0.36 annualized dividend and a yield of 1.89%. First Horizon National Corporation’s dividend payout ratio is presently 32.14%.

In other First Horizon National Corporation news, CFO William C. Losch III sold 3,500 shares of First Horizon National Corporation stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $18.51, for a total transaction of $64,785.00. Following the sale, the chief financial officer now directly owns 233,890 shares in the company, valued at approximately $4,329,303.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William C. Losch III sold 45,107 shares of First Horizon National Corporation stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $18.63, for a total value of $840,343.41. Following the sale, 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 owned by insiders.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in First Horizon National Corporation by 5,232.8% during the 1st quarter. BlackRock Inc. now owns 21,381,745 shares of the financial services provider’s stock worth $395,561,000 after purchasing an additional 20,980,798 shares during the last quarter. Vanguard Group Inc. increased its holdings in First Horizon National Corporation by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 19,672,261 shares of the financial services provider’s stock worth $342,691,000 after purchasing an additional 435,264 shares during the last quarter. State Street Corp increased its holdings in First Horizon National Corporation by 6.4% during the 2nd quarter. State Street Corp now owns 14,203,778 shares of the financial services provider’s stock worth $247,425,000 after purchasing an additional 850,609 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in First Horizon National Corporation by 4.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,666,134 shares of the financial services provider’s stock worth $116,124,000 after purchasing an additional 258,298 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in First Horizon National Corporation by 6.3% during the 2nd quarter. Franklin Resources Inc. now owns 5,884,000 shares of the financial services provider’s stock worth $102,499,000 after purchasing an additional 349,900 shares during the last quarter. Institutional investors own 85.05% of the company’s stock.

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)

Receive News & Stock Ratings for First Horizon National Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Horizon National Corporation and related stocks with our FREE daily email newsletter.