First Horizon National Corporation (FHN) Earning Somewhat Positive Media Coverage, Analysis Finds
Press coverage about First Horizon National Corporation (NYSE:FHN) has been trending somewhat positive on Wednesday, according to Accern. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. First Horizon National Corporation earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 46.3786261628334 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
A number of research firms have weighed in on FHN. Raymond James Financial, Inc. raised First Horizon National Corporation from an “outperform” rating to a “strong-buy” rating and set a $22.00 price objective on the stock in a report on Wednesday, November 8th. UBS AG raised First Horizon National Corporation from an “outperform” rating to a “strong-buy” rating in a report on Wednesday, November 8th. Hovde Group lifted their price objective on First Horizon National Corporation from $20.00 to $21.00 and gave the company a “market perform” rating in a report on Monday, October 16th. Zacks Investment Research raised First Horizon National Corporation from a “sell” rating to a “hold” rating in a report on Monday, October 9th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $20.00 price objective (up from $19.50) on shares of First Horizon National Corporation in a report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $20.22.
First Horizon National Corporation (NYSE:FHN) opened at $18.49 on Wednesday. The company has a market capitalization of $4,295.79, a P/E ratio of 17.47, a PEG ratio of 2.37 and a beta of 1.02. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.38. First Horizon National Corporation has a 1-year low of $15.84 and a 1-year high of $20.84.
First Horizon National Corporation (NYSE:FHN) last announced its earnings results on Friday, October 13th. The financial services provider reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. The business had revenue of $337.00 million for the quarter, compared to the consensus estimate of $340.48 million. First Horizon National Corporation had a return on equity of 9.40% and a net margin of 19.36%. During the same period in the previous year, the business earned $0.27 EPS. research analysts anticipate that First Horizon National Corporation will post 1.11 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, November 3rd will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.95%. The ex-dividend date is Thursday, November 2nd. First Horizon National Corporation’s dividend payout ratio is 32.14%.
In other First Horizon National Corporation news, Director R Brad Martin sold 5,449 shares of the company’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $19.25, for a total transaction of $104,893.25. Following the transaction, the director now owns 482,188 shares of the company’s stock, valued at approximately $9,282,119. 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 3,500 shares of the company’s stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $18.51, for a total value of $64,785.00. Following the transaction, the chief financial officer now directly owns 233,890 shares in the company, valued at approximately $4,329,303.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 54,056 shares of company stock worth $1,010,022. Company insiders own 2.09% of the company’s stock.
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About First Horizon National Corporation
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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