First Horizon National Corporation (NYSE:FHN) – Equities research analysts at Jefferies Group boosted their Q3 2017 earnings per share estimates for First Horizon National Corporation in a research report issued on Wednesday. Jefferies Group analyst C. Haire now anticipates that the brokerage will post earnings of $0.29 per share for the quarter, up from their prior forecast of $0.28. Jefferies Group currently has a “Buy” rating on the stock.

First Horizon National Corporation (NYSE:FHN) last announced its quarterly earnings results on Friday, January 13th. The financial services provider reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by $0.02. The company had revenue of $319.60 million for the quarter, compared to analyst estimates of $330.71 million. First Horizon National Corporation had a return on equity of 8.54% and a net margin of 16.40%. During the same period in the prior year, the business posted $0.21 earnings per share. First Horizon National Corporation’s revenue for the quarter was up 6.9% on a year-over-year basis.

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Earnings History and Estimates for First Horizon National Corporation (NYSE:FHN)

FHN has been the subject of several other reports. Zacks Investment Research raised shares of First Horizon National Corporation from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Tuesday, October 4th. Barclays PLC boosted their price target on shares of First Horizon National Corporation from $16.00 to $20.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 6th. J P Morgan Chase & Co raised shares of First Horizon National Corporation from a “neutral” rating to an “overweight” rating in a research report on Thursday, January 5th. Wells Fargo & Company raised shares of First Horizon National Corporation from an “underperform” rating to a “market perform” rating in a research report on Monday, January 9th. Finally, Bank of America Corporation raised shares of First Horizon National Corporation from an “underperform” rating to a “neutral” rating in a research report on Wednesday, December 21st. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $17.22.

Shares of First Horizon National Corporation (NYSE:FHN) opened at 19.89 on Friday. The stock has a market capitalization of $4.64 billion, a price-to-earnings ratio of 21.93 and a beta of 1.19. First Horizon National Corporation has a 1-year low of $11.51 and a 1-year high of $20.76. The stock’s 50 day moving average is $19.97 and its 200 day moving average is $16.40.

Hedge funds and other institutional investors have recently modified their holdings of the company. Carroll Financial Associates Inc. raised its position in shares of First Horizon National Corporation by 1.5% in the third quarter. Carroll Financial Associates Inc. now owns 7,000 shares of the financial services provider’s stock worth $106,000 after buying an additional 106 shares during the period. Riverhead Capital Management LLC raised its position in shares of First Horizon National Corporation by 1,280.7% in the third quarter. Riverhead Capital Management LLC now owns 7,000 shares of the financial services provider’s stock worth $107,000 after buying an additional 6,493 shares during the period. BlackRock Japan Co. Ltd raised its position in shares of First Horizon National Corporation by 101,900.0% in the third quarter. BlackRock Japan Co. Ltd now owns 7,140 shares of the financial services provider’s stock worth $109,000 after buying an additional 7,133 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of First Horizon National Corporation by 12.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,796 shares of the financial services provider’s stock worth $119,000 after buying an additional 853 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in shares of First Horizon National Corporation by 1,937.4% in the third quarter. Tower Research Capital LLC TRC now owns 8,231 shares of the financial services provider’s stock worth $125,000 after buying an additional 7,827 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

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In other news, EVP John M. Daniel sold 42,531 shares of the business’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $16.00, for a total transaction of $680,496.00. Following the transaction, the executive vice president now directly owns 272,586 shares in the company, valued at $4,361,376. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.40% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 3rd. Stockholders of record on Friday, December 9th were paid a dividend of $0.07 per share. The ex-dividend date was Wednesday, December 7th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.41%. First Horizon National Corporation’s dividend payout ratio (DPR) is 30.77%.

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.

5 Day Chart for NYSE:FHN

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