First Horizon National Corporation (NYSE:FHN) announced its quarterly earnings results on Friday. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.02, RTT News reports. First Horizon National Corporation had a return on equity of 9.10% and a net margin of 19.13%. The company had revenue of $337.00 million during the quarter, compared to the consensus estimate of $340.48 million. During the same period in the prior year, the company earned $0.27 earnings per share.

First Horizon National Corporation (NYSE FHN) traded up 0.58% on Friday, hitting $18.92. The company had a trading volume of 5,722,290 shares. The stock’s 50-day moving average price is $18.04 and its 200 day moving average price is $17.78. The company has a market capitalization of $4.43 billion, a P/E ratio of 17.05 and a beta of 1.05. First Horizon National Corporation has a one year low of $14.60 and a one year high of $20.84.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 8th were issued a dividend of $0.09 per share. The ex-dividend date was Thursday, September 7th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.90%. First Horizon National Corporation’s payout ratio is presently 32.14%.

In related news, CFO William C. Losch III sold 3,500 shares of the company’s 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 transaction, the chief financial officer now directly owns 233,890 shares of the company’s stock, valued at approximately $4,329,303.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO William C. Losch III sold 45,107 shares of the company’s 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 transaction, the chief financial officer now directly 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 corporate insiders.

Several equities research analysts have issued reports on the company. UBS AG upgraded First Horizon National Corporation from a “market perform” rating to an “outperform” rating in a report on Thursday, August 10th. Morgan Stanley restated an “equal weight” rating and issued a $20.00 price target (up from $19.50) on shares of First Horizon National Corporation in a report on Wednesday, October 4th. Deutsche Bank AG restated a “hold” rating on shares of First Horizon National Corporation in a report on Monday, July 3rd. Zacks Investment Research upgraded First Horizon National Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, Hovde Group lowered their price target on First Horizon National Corporation from $20.50 to $20.00 and set a “market perform” rating for the company in a report on Monday, July 10th. One research analyst has rated the stock with a sell rating, eleven have issued 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 price target of $19.44.

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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.

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

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