Wall Street analysts expect First Horizon National Corporation (NYSE:FHN) to announce earnings per share (EPS) of $0.28 for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for First Horizon National’s earnings, with the lowest EPS estimate coming in at $0.21 and the highest estimate coming in at $0.32. First Horizon National reported earnings per share of $0.23 during the same quarter last year, which suggests a positive year-over-year growth rate of 21.7%. The business is expected to issue its next quarterly earnings results on Friday, January 12th.

According to Zacks, analysts expect that First Horizon National will report full-year earnings of $1.11 per share for the current fiscal year, with EPS estimates ranging from $1.06 to $1.14. For the next fiscal year, analysts forecast that the firm will report earnings of $1.29 per share, with EPS estimates ranging from $1.22 to $1.36. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow First Horizon National.

First Horizon National (NYSE:FHN) last announced its earnings results on Friday, October 13th. The financial services provider reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.02. The firm had revenue of $337.00 million during the quarter, compared to analyst estimates of $340.48 million. First Horizon National had a net margin of 19.36% and a return on equity of 9.40%. During the same period in the prior year, the business earned $0.27 EPS.

Several brokerages have commented on FHN. Barclays reissued an “equal weight” rating and set a $21.00 price target on shares of First Horizon National in a research report on Monday, December 4th. Hovde Group boosted their price target on shares of First Horizon National from $20.00 to $21.00 and gave the stock a “market perform” rating in a research report on Monday, October 16th. Morgan Stanley boosted their price target on shares of First Horizon National from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $20.00 price target on shares of First Horizon National in a research report on Tuesday, October 3rd. Finally, Zacks Investment Research raised shares of First Horizon National from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Monday, September 18th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. First Horizon National presently has a consensus rating of “Hold” and a consensus target price of $21.00.

Shares of First Horizon National (NYSE:FHN) traded down $0.22 during trading hours on Wednesday, reaching $20.33. 4,346,132 shares of the company’s stock traded hands, compared to its average volume of 3,177,018. 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 has a 52-week low of $15.84 and a 52-week high of $20.86. The company has a market cap of $4,811.10, a PE ratio of 19.56, a PEG ratio of 2.64 and a beta of 1.03.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, November 3rd will be issued a $0.09 dividend. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.77%. First Horizon National’s payout ratio is 32.14%.

In other news, CFO William C. Losch III sold 45,107 shares of the company’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $18.63, for a total value of $840,343.41. Following 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 legal filing with the SEC, which can be accessed through the SEC website. Also, CFO William C. Losch III sold 3,500 shares of the company’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $18.51, for a total transaction of $64,785.00. Following the completion of the sale, the chief financial officer now directly owns 233,890 shares in the company, valued at $4,329,303.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,056 shares of company stock worth $1,010,022. 2.09% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of FHN. Great West Life Assurance Co. Can raised its holdings in shares of First Horizon National by 0.4% in the 2nd quarter. Great West Life Assurance Co. Can now owns 139,850 shares of the financial services provider’s stock valued at $2,434,000 after purchasing an additional 516 shares during the period. Sei Investments Co. raised its holdings in shares of First Horizon National by 4.6% in the 2nd quarter. Sei Investments Co. now owns 63,199 shares of the financial services provider’s stock valued at $1,101,000 after purchasing an additional 2,761 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of First Horizon National by 23.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 26,000 shares of the financial services provider’s stock valued at $453,000 after purchasing an additional 5,000 shares during the period. Arizona State Retirement System raised its holdings in shares of First Horizon National by 1.4% in the 2nd quarter. Arizona State Retirement System now owns 98,600 shares of the financial services provider’s stock valued at $1,718,000 after purchasing an additional 1,400 shares during the period. Finally, Teacher Retirement System of Texas raised its holdings in First Horizon National by 1.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 18,754 shares of the financial services provider’s stock valued at $327,000 after acquiring an additional 319 shares during the period. 88.97% of the stock is currently owned by institutional investors.

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About First Horizon National

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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Earnings History and Estimates for First Horizon National (NYSE:FHN)

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