First Horizon National Corporation (FHN) Receiving Somewhat Favorable Press Coverage, Analysis Finds
Headlines about First Horizon National Corporation (NYSE:FHN) have trended somewhat positive this week, Accern reports. The research firm scores the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First Horizon National Corporation earned a news impact score of 0.19 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 45.5568198545309 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern’s scoring:
- First Horizon National Corp. (Tennessee) breached its 50 day moving average in a Bullish Manner : FHN-US : November 15, 2017 (finance.yahoo.com)
- First Tennessee, Red Rock Advisors partner to bring value to clients (finance.yahoo.com)
- First Horizon National Corp. (Tennessee) – Value Analysis (NYSE:FHN) : November 16, 2017 (finance.yahoo.com)
- $375.04 Million in Sales Expected for First Horizon National Corporation (FHN) This Quarter (americanbankingnews.com)
- Brokerages Expect First Horizon National Corporation (FHN) Will Post Earnings of $0.28 Per Share (americanbankingnews.com)
Shares of First Horizon National Corporation (NYSE FHN) traded up $0.21 on Monday, reaching $18.61. 1,808,584 shares of the company’s stock traded hands, compared to its average volume of 2,849,719. The firm has a market capitalization of $4,309.84, a P/E ratio of 17.52, a price-to-earnings-growth ratio of 2.37 and a beta of 1.02. First Horizon National Corporation has a 52 week low of $15.84 and a 52 week high of $20.84. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 0.38.
First Horizon National Corporation (NYSE:FHN) last announced its earnings results on Friday, October 13th. The financial services provider reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.02. The company had revenue of $337.00 million during the quarter, compared to the consensus estimate of $340.48 million. First Horizon National Corporation had a net margin of 19.36% and a return on equity of 9.40%. During the same period last year, the firm earned $0.27 earnings per share. research analysts anticipate that First Horizon National Corporation will post 1.11 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, November 3rd will be paid a $0.09 dividend. The ex-dividend date is Thursday, November 2nd. This represents a $0.36 annualized dividend and a yield of 1.93%. First Horizon National Corporation’s dividend payout ratio (DPR) is 32.14%.
FHN has been the topic of a number of research reports. Zacks Investment Research raised shares of First Horizon National Corporation from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Monday, September 18th. J P Morgan Chase & Co reaffirmed a “buy” rating and set a $20.00 target price on shares of First Horizon National Corporation in a research report on Wednesday, September 13th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $20.00 target price on shares of First Horizon National Corporation in a research report on Tuesday, October 3rd. Morgan Stanley reaffirmed an “equal weight” rating and set a $20.00 target price (up from $19.50) on shares of First Horizon National Corporation in a research report on Wednesday, October 4th. Finally, ValuEngine downgraded shares of First Horizon National Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $20.22.
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In other First Horizon National Corporation news, CFO William C. Losch III sold 3,500 shares of the firm’s stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $18.51, for a total value of $64,785.00. Following the completion of the transaction, the chief financial officer now owns 233,890 shares of the company’s stock, valued at $4,329,303.90. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO William C. Losch III sold 45,107 shares of the firm’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $18.63, for a total transaction of $840,343.41. Following the completion of the transaction, the chief financial officer now directly owns 275,497 shares of the company’s stock, valued at approximately $5,132,509.11. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,056 shares of company stock valued at $1,010,022. 2.09% of the stock is owned by insiders.
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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