Deprince Race & Zollo Inc. decreased its position in shares of First Horizon National Corporation (NYSE:FHN) by 31.3% during the second quarter, Holdings Channel reports. The fund owned 1,208,139 shares of the financial services provider’s stock after selling 551,567 shares during the period. Deprince Race & Zollo Inc.’s holdings in First Horizon National Corporation were worth $21,046,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Neuburgh Advisers LLC increased its position in 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 increased its position in 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 bought a new position in First Horizon National Corporation during the first quarter worth about $189,000. Oakbrook Investments LLC bought a new position in First Horizon National Corporation during the first quarter worth about $191,000. Finally, Greenwood Capital Associates LLC bought a new position in First Horizon National Corporation during the first quarter worth about $192,000. Institutional investors own 84.71% of the company’s stock.

First Horizon National Corporation (NYSE FHN) opened at 16.91 on Friday. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 15.23 and a beta of 1.06. The company’s 50-day moving average is $17.57 and its 200 day moving average is $18.27. First Horizon National Corporation has a 52-week low of $14.60 and a 52-week high of $20.84.

First Horizon National Corporation (NYSE:FHN) last issued its earnings results on Friday, July 14th. The financial services provider reported $0.27 earnings per share for the quarter, topping 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 business had revenue of $328.37 million during the quarter, compared to analyst estimates of $331.27 million. During the same quarter in the previous year, the firm earned $0.24 EPS. First Horizon National Corporation’s revenue was up 2.0% on a year-over-year basis. Equities analysts forecast that First Horizon National Corporation will post $1.10 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 8th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Thursday, September 7th. First Horizon National Corporation’s dividend payout ratio (DPR) is 32.43%.

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Several research analysts have weighed in on FHN shares. ValuEngine upgraded shares of First Horizon National Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Keefe, Bruyette & Woods restated a “buy” rating and set a $21.00 price objective on shares of First Horizon National Corporation in a report on Monday, June 12th. Zacks Investment Research upgraded shares of First Horizon National Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Royal Bank Of Canada restated a “hold” rating and set a $20.00 price objective on shares of First Horizon National Corporation in a report on Friday, July 7th. Finally, Deutsche Bank AG restated a “hold” rating on shares of First Horizon National Corporation in a report on Monday, July 3rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $19.57.

In other First Horizon National Corporation news, Director Vicki R. Palmer sold 5,211 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was 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 owns 57,818 shares of the company’s stock, valued at approximately $1,020,487.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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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