First Horizon National (NYSE:FHN) posted its earnings results on Friday. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.01, Bloomberg Earnings reports. First Horizon National had a net margin of 19.36% and a return on equity of 9.40%. The firm had revenue of $375.30 million during the quarter, compared to analyst estimates of $368.93 million. During the same quarter in the prior year, the business posted $0.23 EPS. The business’s revenue was up 17.4% compared to the same quarter last year.

First Horizon National (FHN) opened at $20.16 on Friday. The firm has a market cap of $4,722.08, a PE ratio of 18.00, a P/E/G ratio of 2.04 and a beta of 1.03. 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 has a 1 year low of $15.84 and a 1 year high of $20.86.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, November 3rd were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $0.36 annualized dividend and a yield of 1.79%. First Horizon National’s payout ratio is currently 52.17%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bartlett & Co. LLC bought a new position in First Horizon National during the fourth quarter valued at about $179,000. Macquarie Group Ltd. bought a new position in First Horizon National during the third quarter valued at about $182,000. Ladenburg Thalmann Financial Services Inc. grew its position in First Horizon National by 133.8% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,503 shares of the financial services provider’s stock valued at $183,000 after buying an additional 5,438 shares during the period. Fox Run Management L.L.C. bought a new position in First Horizon National during the fourth quarter valued at about $232,000. Finally, PNC Financial Services Group Inc. grew its position in First Horizon National by 2.4% during the second quarter. PNC Financial Services Group Inc. now owns 12,227 shares of the financial services provider’s stock valued at $214,000 after buying an additional 286 shares during the period. Institutional investors own 88.97% of the company’s stock.

Several analysts have recently issued reports on FHN shares. Morgan Stanley reiterated an “equal weight” rating and issued a $19.50 target price on shares of First Horizon National in a research note on Wednesday, September 27th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $20.00 target price on shares of First Horizon National in a research note on Tuesday, October 3rd. Zacks Investment Research upgraded shares of First Horizon National from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. Hovde Group upped their target price on shares of First Horizon National from $20.00 to $21.00 and gave the stock a “market perform” rating in a research note on Monday, October 16th. Finally, Raymond James Financial upped their target price on shares of First Horizon National from $20.00 to $22.00 and gave the stock an “outperform” rating in a research note on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and three have given a strong buy rating to the company’s stock. First Horizon National presently has an average rating of “Buy” and a consensus price target of $22.00.

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First Horizon National 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 (NYSE:FHN)

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