First Horizon National (NYSE:FHN) had its price target upped by Stephens from $18.00 to $19.00 in a report issued on Tuesday, BenzingaRatingsTable reports. Stephens currently has an equal weight rating on the financial services provider’s stock.

A number of other research firms also recently commented on FHN. Zacks Investment Research downgraded shares of First Horizon National from a buy rating to a hold rating and set a $16.00 target price on the stock. in a research report on Wednesday, December 4th. Wells Fargo & Co raised their target price on shares of First Horizon National from $17.00 to $19.00 and gave the company an outperform rating in a research report on Wednesday, October 2nd. Bank of America raised shares of First Horizon National from a neutral rating to a buy rating and set a $20.00 target price on the stock in a research report on Tuesday, November 5th. Keefe, Bruyette & Woods downgraded shares of First Horizon National from an outperform rating to a market perform rating and raised their target price for the company from $17.00 to $17.50 in a research report on Wednesday, October 16th. Finally, ValuEngine raised shares of First Horizon National from a strong sell rating to a sell rating in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $18.31.

NYSE FHN traded down $0.49 during trading on Tuesday, reaching $16.52. 374,561 shares of the company’s stock traded hands, compared to its average volume of 3,928,945. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.95 and a quick ratio of 0.93. The firm has a market cap of $5.12 billion, a price-to-earnings ratio of 11.96, a price-to-earnings-growth ratio of 1.29 and a beta of 1.31. The company’s 50 day simple moving average is $16.48 and its two-hundred day simple moving average is $16.10. First Horizon National has a 12-month low of $13.30 and a 12-month high of $17.42.

First Horizon National (NYSE:FHN) last posted its earnings results on Friday, January 17th. The financial services provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.05. The business had revenue of $494.70 million for the quarter, compared to the consensus estimate of $468.61 million. First Horizon National had a net margin of 19.35% and a return on equity of 10.94%. The company’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 EPS. Research analysts expect that First Horizon National will post 1.64 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date was Thursday, December 12th. First Horizon National’s dividend payout ratio is currently 33.73%.

In other news, EVP Yousef A. Valine sold 28,249 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $17.12, for a total value of $483,622.88. Following the sale, the executive vice president now directly owns 229,371 shares in the company, valued at approximately $3,926,831.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.88% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in First Horizon National by 2.1% in the 2nd quarter. BlackRock Inc. now owns 29,968,737 shares of the financial services provider’s stock worth $447,432,000 after purchasing an additional 616,168 shares in the last quarter. First Trust Advisors LP boosted its stake in First Horizon National by 15.7% in the 3rd quarter. First Trust Advisors LP now owns 3,171,723 shares of the financial services provider’s stock worth $51,382,000 after purchasing an additional 430,843 shares in the last quarter. Millennium Management LLC boosted its stake in First Horizon National by 1,816.1% in the 3rd quarter. Millennium Management LLC now owns 2,764,117 shares of the financial services provider’s stock worth $44,778,000 after purchasing an additional 2,619,861 shares in the last quarter. Royal Bank of Canada boosted its stake in First Horizon National by 3.8% in the 2nd quarter. Royal Bank of Canada now owns 1,469,619 shares of the financial services provider’s stock worth $21,941,000 after purchasing an additional 53,872 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in First Horizon National by 10.5% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,255,709 shares of the financial services provider’s stock worth $20,342,000 after purchasing an additional 118,835 shares in the last quarter. Institutional investors and hedge funds own 81.83% of the company’s stock.

First Horizon National Company Profile

First Horizon National Corporation operates as the bank holding company for First Tennessee Bank National Association that provides various financial services. It operates through four segments: Regional Banking, Fixed Income, Corporate, and Non-Strategic. The company offers general banking services for consumers, businesses, financial institutions, and governments.

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Analyst Recommendations for First Horizon National (NYSE:FHN)

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