First Horizon National Corporation (NYSE:FHN) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Saturday.

Other equities analysts also recently issued reports about the stock. Stephens restated a “hold” rating on shares of First Horizon National Corporation in a research note on Thursday, May 4th. 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. ValuEngine upgraded shares of First Horizon National Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Deutsche Bank AG restated a “hold” rating on shares of First Horizon National Corporation in a research note on Monday, July 3rd. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $20.00 target price on shares of First Horizon National Corporation in a research note on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. First Horizon National Corporation currently has an average rating of “Hold” and an average price target of $19.57.

Shares of First Horizon National Corporation (NYSE:FHN) opened at 17.37 on Friday. The firm’s 50-day moving average price is $17.49 and its 200 day moving average price is $18.15. First Horizon National Corporation has a 12-month low of $14.60 and a 12-month high of $20.84. The firm has a market cap of $4.07 billion, a P/E ratio of 15.65 and a beta of 1.06.

First Horizon National Corporation (NYSE:FHN) last posted its quarterly earnings data 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 net margin of 19.13% and a return on equity of 9.10%. The company had revenue of $328.37 million for the quarter, compared to analyst estimates of $331.27 million. During the same period in the prior year, the company posted $0.24 EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities analysts expect that First Horizon National Corporation will post $1.10 earnings per share for the current fiscal year.

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In other First Horizon National Corporation news, Director Vicki R. Palmer sold 5,211 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were 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 $1,020,487.70. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.09% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of FHN. Neuburgh Advisers LLC boosted its position 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 valued at $137,000 after buying an additional 1,024 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of First Horizon National Corporation by 8.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,472 shares of the financial services provider’s stock valued at $148,000 after buying an additional 676 shares during the period. Glen Harbor Capital Management LLC boosted its position 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 valued at $188,000 after buying an additional 1,408 shares during the period. Tudor Investment Corp ET AL acquired a new position in shares of First Horizon National Corporation during the first quarter valued at about $189,000. Finally, Oakbrook Investments LLC acquired a new position in shares of First Horizon National Corporation during the first quarter valued at about $191,000. 85.08% of the stock is owned by institutional investors and hedge funds.

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)

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