First Horizon National Corporation (NYSE:FHN) has been given a consensus rating of “Hold” by the seventeen ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation, three have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $21.14.

A number of analysts recently weighed in on the stock. Raymond James Financial upped their target price on shares of First Horizon National from $20.00 to $22.00 and gave the company an “outperform” rating in a research note on Monday, October 16th. Morgan Stanley reaffirmed an “equal weight” rating and set a $20.00 price objective (up from $19.50) on shares of First Horizon National in a research note on Wednesday, October 4th. UBS raised shares of First Horizon National from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, November 8th. Zacks Investment Research cut shares of First Horizon National from a “buy” rating to a “sell” rating in a research note on Tuesday, September 19th. Finally, ValuEngine cut shares of First Horizon National from a “buy” rating to a “hold” rating in a research note on Friday, September 1st.

In other news, CFO William C. Losch III sold 3,500 shares of the stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $18.51, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William C. Losch III sold 45,107 shares of the stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $18.63, for a total transaction of $840,343.41. Following the sale, the chief financial officer now directly owns 275,497 shares in the company, valued at $5,132,509.11. The disclosure for this sale can be found here. Insiders have sold 54,056 shares of company stock worth $1,010,022 over the last ninety days. Insiders own 2.09% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in FHN. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of First Horizon National by 8.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,472 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 676 shares during the last quarter. Macquarie Group Ltd. bought a new stake in shares of First Horizon National during the third quarter valued at approximately $182,000. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of 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 purchasing an additional 5,438 shares during the last quarter. Greenwood Capital Associates LLC grew its stake in shares of First Horizon National by 7.3% during the second quarter. Greenwood Capital Associates LLC now owns 11,117 shares of the financial services provider’s stock valued at $194,000 after purchasing an additional 757 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of 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 purchasing an additional 286 shares during the last quarter. 88.97% of the stock is currently owned by institutional investors and hedge funds.

First Horizon National (FHN) traded up $0.01 during midday trading on Friday, reaching $20.55. 2,799,036 shares of the company were exchanged, compared to its average volume of 3,172,226. The company has a market capitalization of $4,726.77, a PE ratio of 19.22, a P/E/G ratio of 2.60 and a beta of 1.03. First Horizon National has a twelve month low of $15.84 and a twelve month high of $20.84. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.92 and a current ratio of 0.94.

First Horizon National (NYSE:FHN) last posted its earnings results on Friday, October 13th. The financial services provider reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.02. The business had revenue of $337.00 million for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm posted $0.27 earnings per share. equities analysts predict that First Horizon National will post 1.11 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, November 3rd will be paid a dividend of $0.09 per share. The ex-dividend date is Thursday, November 2nd. This represents a $0.36 annualized dividend and a yield of 1.75%. First Horizon National’s dividend payout ratio is 32.14%.

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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.

Analyst Recommendations for First Horizon National (NYSE:FHN)

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