First Horizon National Corporation (NYSE:FHN) – Equities research analysts at Jefferies Group issued their Q1 2018 EPS estimates for shares of First Horizon National in a note issued to investors on Tuesday. Jefferies Group analyst C. Haire forecasts that the financial services provider will post earnings of $0.30 per share for the quarter. Jefferies Group also issued estimates for First Horizon National’s Q2 2018 earnings at $0.35 EPS, Q3 2018 earnings at $0.39 EPS and Q4 2018 earnings at $0.40 EPS.

First Horizon National (NYSE:FHN) last announced its quarterly earnings results on Friday, October 13th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.02. The company had revenue of $337.00 million for 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 previous year, the firm posted $0.27 EPS.

Several other equities research analysts have also issued reports on FHN. 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 report on Monday, September 18th. Morgan Stanley reaffirmed an “equal weight” rating and set a $19.50 price target on shares of First Horizon National in a report on Wednesday, September 27th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $20.00 price target on shares of First Horizon National in a report on Tuesday, October 3rd. Hovde Group boosted 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 report on Monday, October 16th. Finally, Raymond James Financial boosted their target price on shares of First Horizon National from $20.00 to $22.00 and gave the stock an “outperform” rating in a report on Monday, October 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and three have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $22.00.

Shares of First Horizon National (NYSE:FHN) opened at $20.58 on Friday. The stock has a market cap of $4,827.49, a P/E ratio of 18.38, a P/E/G ratio of 2.08 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, November 3rd were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Thursday, November 2nd. First Horizon National’s payout ratio is 32.14%.

In other First Horizon National news, Director R Brad Martin sold 5,449 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $19.25, for a total transaction of $104,893.25. Following the sale, the director now directly owns 482,188 shares of the company’s stock, valued at approximately $9,282,119. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.09% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of First Horizon National by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 19,672,261 shares of the financial services provider’s stock worth $342,691,000 after purchasing an additional 435,264 shares during the period. State Street Corp lifted its position in shares of First Horizon National by 6.4% in the 2nd quarter. State Street Corp now owns 14,203,778 shares of the financial services provider’s stock worth $247,425,000 after purchasing an additional 850,609 shares during the period. Fuller & Thaler Asset Management Inc. lifted its position in shares of First Horizon National by 2.2% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 12,296,061 shares of the financial services provider’s stock worth $235,470,000 after purchasing an additional 264,035 shares during the period. Parnassus Investments CA lifted its position in shares of First Horizon National by 8.6% in the 3rd quarter. Parnassus Investments CA now owns 5,654,568 shares of the financial services provider’s stock worth $108,285,000 after purchasing an additional 446,174 shares during the period. Finally, Schroder Investment Management Group lifted its position in shares of First Horizon National by 13.2% in the 3rd quarter. Schroder Investment Management Group now owns 4,924,091 shares of the financial services provider’s stock worth $93,705,000 after purchasing an additional 575,552 shares during the period. Hedge funds and other institutional investors own 88.97% of the company’s stock.

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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 and Estimates for First Horizon National (NYSE:FHN)

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