First Horizon National Corporation (FHN) Price Target Raised to $21.00

First Horizon National Corporation (NYSE:FHN) had its price target boosted by Hovde Group from $20.00 to $21.00 in a research report report published on Monday, Marketbeat Ratings reports. They currently have a market perform rating on the financial services provider’s stock.

Several other equities research analysts have also issued reports on the company. Deutsche Bank AG reaffirmed a hold rating on shares of First Horizon National Corporation in a research note on Monday, July 3rd. ValuEngine lowered First Horizon National Corporation from a buy rating to a hold rating in a research note on Friday, September 1st. BidaskClub lowered First Horizon National Corporation from a sell rating to a strong sell rating in a research note on Wednesday, June 21st. J P Morgan Chase & Co reaffirmed a buy rating and issued a $20.00 price objective on shares of First Horizon National Corporation in a research note on Wednesday, September 13th. Finally, Zacks Investment Research raised First Horizon National Corporation from a sell rating to a hold rating in a research note on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company’s stock. First Horizon National Corporation currently has a consensus rating of Hold and a consensus price target of $19.80.

Shares of First Horizon National Corporation (FHN) opened at 19.02 on Monday. First Horizon National Corporation has a 52-week low of $14.92 and a 52-week high of $20.84. The company has a 50-day moving average price of $18.18 and a 200-day moving average price of $17.80. The company has a market cap of $4.45 billion, a P/E ratio of 17.14 and a beta of 1.05.

First Horizon National Corporation (NYSE:FHN) last announced its quarterly earnings results on Friday, October 13th. The financial services provider reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. First Horizon National Corporation had a return on equity of 9.40% and a net margin of 19.36%. The company had revenue of $337.00 million during the quarter, compared to analyst estimates of $340.48 million. During the same period in the prior year, the company earned $0.27 earnings per share. On average, equities analysts predict that First Horizon National Corporation will post $1.13 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This piece of content was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark law. The original version of this piece of content can be read at https://ledgergazette.com/2017/10/19/first-horizon-national-corporation-fhn-price-target-raised-to-21-00.html.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 8th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Thursday, September 7th. First Horizon National Corporation’s dividend payout ratio is currently 32.14%.

In related news, CFO William C. Losch III sold 45,107 shares of the firm’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 transaction of $840,343.41. Following the completion of the sale, the chief financial officer now directly owns 275,497 shares of the company’s stock, valued at approximately $5,132,509.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO William C. Losch III sold 3,500 shares of the firm’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 value of $64,785.00. Following the sale, the chief financial officer now directly owns 233,890 shares of the company’s stock, valued at $4,329,303.90. The disclosure for this sale can be found here. 2.09% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of FHN. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of First Horizon National Corporation by 8.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,472 shares of the financial services provider’s stock worth $148,000 after acquiring an additional 676 shares during the last quarter. Tudor Investment Corp ET AL bought a new stake in shares of First Horizon National Corporation during the 1st quarter worth approximately $189,000. Greenwood Capital Associates LLC lifted its stake in shares of First Horizon National Corporation by 7.3% during the 2nd quarter. Greenwood Capital Associates LLC now owns 11,117 shares of the financial services provider’s stock worth $194,000 after acquiring an additional 757 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of First Horizon National Corporation by 2.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 12,227 shares of the financial services provider’s stock worth $214,000 after acquiring an additional 286 shares during the last quarter. Finally, United Capital Financial Advisers LLC lifted its stake in shares of First Horizon National Corporation by 1.3% during the 1st quarter. United Capital Financial Advisers LLC now own

Several other equities research analysts have also issued reports on the company. Deutsche Bank AG reaffirmed a hold rating on shares of First Horizon National Corporation in a research note on Monday, July 3rd. ValuEngine lowered First Horizon National Corporation from a buy rating to a hold rating in a research note on Friday, September 1st. BidaskClub lowered First Horizon National Corporation from a sell rating to a strong sell rating in a research note on Wednesday, June 21st. J P Morgan Chase & Co reaffirmed a buy rating and issued a $20.00 price objective on shares of First Horizon National Corporation in a research note on Wednesday, September 13th. Finally, Zacks Investment Research raised First Horizon National Corporation from a sell rating to a hold rating in a research note on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company’s stock. First Horizon National Corporation currently has a consensus rating of Hold and a consensus price target of $19.80.

Shares of First Horizon National Corporation (FHN) opened at 19.02 on Monday. First Horizon National Corporation has a 52-week low of $14.92 and a 52-week high of $20.84. The company has a 50-day moving average price of $18.18 and a 200-day moving average price of $17.80. The company has a market cap of $4.45 billion, a P/E ratio of 17.14 and a beta of 1.05.

First Horizon National Corporation (NYSE:FHN) last announced its quarterly earnings results on Friday, October 13th. The financial services provider reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. First Horizon National Corporation had a return on equity of 9.40% and a net margin of 19.36%. The company had revenue of $337.00 million during the quarter, compared to analyst estimates of $340.48 million. During the same period in the prior year, the company earned $0.27 earnings per share. On average, equities analysts predict that First Horizon National Corporation will post $1.13 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This piece of content was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark law. The original version of this piece of content can be read at https://ledgergazette.com/2017/10/19/first-horizon-national-corporation-fhn-price-target-raised-to-21-00.html.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 8th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Thursday, September 7th. First Horizon National Corporation’s dividend payout ratio is currently 32.14%.

In related news, CFO William C. Losch III sold 45,107 shares of the firm’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 transaction of $840,343.41. Following the completion of the sale, the chief financial officer now directly owns 275,497 shares of the company’s stock, valued at approximately $5,132,509.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO William C. Losch III sold 3,500 shares of the firm’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 value of $64,785.00. Following the sale, the chief financial officer now directly owns 233,890 shares of the company’s stock, valued at $4,329,303.90. The disclosure for this sale can be found here. 2.09% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of FHN. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of First Horizon National Corporation by 8.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,472 shares of the financial services provider’s stock worth $148,000 after acquiring an additional 676 shares during the last quarter. Tudor Investment Corp ET AL bought a new stake in shares of First Horizon National Corporation during the 1st quarter worth approximately $189,000. Greenwood Capital Associates LLC lifted its stake in shares of First Horizon National Corporation by 7.3% during the 2nd quarter. Greenwood Capital Associates LLC now owns 11,117 shares of the financial services provider’s stock worth $194,000 after acquiring an additional 757 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of First Horizon National Corporation by 2.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 12,227 shares of the financial services provider’s stock worth $214,000 after acquiring an additional 286 shares during the last quarter. Finally, United Capital Financial Advisers LLC lifted its stake in shares of First Horizon National Corporation by 1.3% during the 1st quarter. United Capital Financial Advisers LLC now owns 11,885 shares of the financial services provider’s stock worth $220,000 after acquiring an additional 157 shares during the last quarter. 85.05% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for First Horizon National Corporation (NYSE:FHN)

Receive News & Ratings for First Horizon National Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Horizon National Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply